Effective April 26, 2019, the Board of Directors of Cherokee Inc. appointed Patti Johnson as a new director of the Company and Chair of the Company’s Audit Committee. Ms. Johnson is a senior financial executive with over 30 years of experience in the retail and restaurant industries. Most recently, Ms. Johnson served as the Chief Financial Officer for Charlotte Russe, a fast fashion retailer, from 2010 to 2018. Prior to that time, Ms. Johnson held senior financial positions at retail organizations including: SVP Finance for Petco from 2008 to 2010, Chief Financial Officer for Old Navy, a division of Gap Inc. from 2003 to 2007 and Chief Financial Officer and SVP Finance for Kohl’s Department Stores from 1998 to 2003. On April 29, 2019, Carol Baiocchi and Robert Longnecker each informed the Company that they would not stand for re-election as director upon the expiration of their current terms at the Company's annual meeting of stockholders to be held in June 2019. Ms. Baiocchi currently serves as chair of the Compensation Committee and as a member of the Nominating and Governance Committee of the Board of Directors. Mr. Longnecker currently serves on the Audit Committee and the Compensation Committee of the Board of Directors.