On April 29, 2015, in anticipation of the Listing, the board of directors of American Realty Capital Trust V Inc. appointed Stanley R. Perla, currently a member of the audit committee of the Company, to serve as the Company's audit committee chair, effective immediately. Mr. Perla will replace David Gong as the Company's audit committee chair. Mr. Gong will continue to serve as lead independent director and member of the Board.

On April 29, 2015, in anticipation of the Listing, the Board established a compensation committee and a nominating and corporate governance committee, both of which are composed of the independent directors of the Board. The Board appointed Herbert T. Vederman to serve as the Company's nominating and corporate governance committee chair and appointed Mr. Gong as the Company's compensation committee chair.