On November 4, 2015, Director James Verhey confirmed to the Board of Directors of Truett-Hurst, Inc. (THI) that he will not stand for re-election upon the expiration of his current term at THI's 2015 Annual Stockholders' Meeting scheduled for November 20, 2015. Mr. Verhey will maintain his committee memberships until the 2015 Annual Stockholders' Meeting. On November 6, 2015, the Board appointed one new director, Paul J. Weber, subject to shareholder approval at THI's Annual Stockholders' Meeting on November 20, 2015.

The appointment of Mr. Weber was recommended by the Nominating and Governance Committee. Mr. Weber served as a Senior Managing Director at FTI Consulting, Inc. from 2002 to 2011. Prior to FTI Consulting, Inc. He was a Partner with PricewaterhouseCoopers where he worked from 1981 until 2002.