On February 8, 2023, First Brands Group, LLC (the “Parent”), completed the previously announced acquisition of Horizon Global Corporation (the “Company”), pursuant to an Agreement and Plan of Merger, dated as of December 30, 2022 (the “Merger Agreement”), by and among the Company, Parent and PHX Merger Sub Inc. and a wholly owned subsidiary of the Parent (the “Purchaser”). In accordance with the terms of the Merger Agreement: each of John C. Kennedy, John F. Barrett, Danna M. Costello, Ryan L. Langdon, Brett N. Milgrim, Debra S. Oler, and Mark D. Weber ceased to be a member of the Company's Board of Directors, and any committee thereof, effective at the Effective Time (as defined in the Merger Agreement); John C. Kennedy, ceased to be Chairman of the Company's Board of Directors; and John C. Kennedy, Jian James Zhou and Matthew J. Meyer ceased to be officers of the Company. Effective as of the Effective Time: Patrick James and Michael Baker became members of the Company's Board of Directors; Patrick James became President, and “principal executive officer,” as such term is defined under the Exchange Act, of the Company; and Stephen Graham became “principal financial officer” and “principal accounting officer,” as such terms are defined under the Exchange Act, of the Company.