On December 29, 2017, CatchMark Timber Trust, Inc. notified John F. Rasor, the Company’s Chief Operating Officer, corporate Secretary, and a member of the Board of Directors, that his employment agreement with the company, dated October 30, 2013, would not be renewed and would be allowed to expire by its terms on December 31, 2017. Mr. Rasor will remain Chief Operating Officer and corporate Secretary notwithstanding the expiration of his employment agreement. Also on December 29th, Mr. Rasor notified the Company of his resignation from the Board and from all committees of the Board upon which he serves, effective December 31, 2017.