On January 9, 2018, Jefferson M. Case resigned from the board of directors of Party City Holdco Inc. Mr. Case, along with Steven J. Collins, had been designated by Advent International Corporation for election to the Board pursuant to the terms of the Amended and Restated Stockholders Agreement dated as of April 21, 2015, by and among Party City Holdco Inc., THL PC Topco, L.P., Advent Party City Acquisition Limited Partnership and the other stockholders signatories thereto. Mr. Case's resignation occurred in connection with Advent's sale of all of its shares of common stock of the company on December 22, 2017. Mr. Collins continues to serve on the Board.