On February 4, 2019, John J. Woods, Chief Financial Officer of Great Elm Capital Group, Inc., notified the Company of his intention to resign to pursue another opportunity at a privately held company. Mr. Woods will continue to serve as the company’s Chief Financial Officer for a period of time to assist with the filing of the company’s Form 10-Q for the fiscal quarter ended December 31, 2018 and to transition his responsibilities to other members of the company’s finance department. The company has initiated a search to identify his successor.