CAI International, Inc. announced that on July 25, 2017, Marvin Dennis agreed to resign as a Class I director and was immediately appointed by the Board as a Class II director. Mr. Dennis continues to serve on the Compensation Committee, the Audit Committee and the Nominating and Corporate Governance Committee of the Board. The resignation and reappointment of Mr. Dennis was effected solely to rebalance the Board classes in accordance with the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, and for all other purposes, including vesting and other compensation matters, Mr. Dennis’ service on the Board is deemed to have continued uninterrupted.