On July 19, 2018, the Board of Directors of Asta Funding, Inc. appointed Mr. Timothy Bishop as a director of the company, effective July 19, 2018, to fill the vacancy created by the passing of Mr. Edward Celano. Mr. Bishop will serve as a member of the Board's Audit Committee and its Nominating and Corporate Governance Committee. Mr. Bishop's experience includes serving Southampton College for 29 years, leaving the position of Provost in 2002 to make his first-ever run for office, when he was elected to represent New York's 1st Congressional District in one of the closest elections in the nation. He was re-elected to the House of Representatives five times.