October 26, 2020, the Board of Directors of Diamond Hill Investment Group, Inc. appointed Richard Scott Cooley to serve as a director of the Company for a term ending at the Company's 2021 Annual Meeting of Shareholders and until his successor is duly elected and qualified. The Board appointed Mr. Cooley, whom the Board determined is an independent director, upon the recommendation of its Nominating and Governance Committee. Mr. Cooley has been appointed to the Company's Audit Committee, Compensation Committee, and Nominating and Governance Committee.