Effective as of April 8, 2015, the board of directors of Noble Roman's Inc. has increased the size of its board of directors to five and filled that vacancy with Schuster Tanger. Mr. Tanger was appointed as a Class I Director, whose term will expire at the 2017 annual meeting of the shareholders. Mr. Tanger has been a Co-Managing Member of Red Alder Master Fund, L.P. since September 2012.

He previously served in investment analyst roles at Third Point and Goldman Sachs.