On January 20, 2020, Canadian resident Mr. Daniel Goldberg notified MDC Partners Inc. of his intent to resign and subsequently on January 21, 2020 tendered his resignation from the board of directors of the company with such resignation effective as of the appointment of a replacement resident Canadian director. On January 23, 2020, the company's Board of Directors appointed Canadian resident Mr. Wade Oosterman as a director. Mr. Oosterman joined the company's Board effective January 23, 2020, for a term extending through the date of the company's 2020 annual meeting of stockholders. Mr. Oosterman was appointed as a member of the Audit Committee. Mr. Goldberg's resignation became effective upon Mr. Oosterman's appointment.