Investar Holding Corporation announced on June 21, 2023, James H. Boyce, III notified the company of his resignation from the board of directors of the company (the board), effective immediately. Mr. Boyce’s decision to resign from the board was not due to any disagreement with the company on any matters relating to the company’s operations, policies or practices. On June 21, 2023, upon recommendation of the nominating and governance committee of the board (the nominating committee), the board increased the size of the Board from 10 to 12 members and appointed Anita M. Fontenot, Julio A. Melara, and James E. Yegge to the Board, effective immediately.

Each of Ms. Fontenot, Mr. Melara, and Mr. Yegge will serve until the company's 2024 Annual Meeting of Shareholders and until her or his successor is duly elected and qualified. Upon recommendation of the Nominating Committee, the Board appointed Ms. Fontenot as a member of the Board’s Audit Committee and Mr. Yegge as a member of the Board’s Compensation Committee. The board determined that Ms. Fontenot, Mr. Melara, and Mr. Yegge are independent pursuant to the director independence standards established under the NASDAQ Stock Market listing rules and that Ms. Fontenot and Mr. Yegge meet the additional requirements for service on the Company’s Audit Committee and Compensation Committee, respectively.

Ms. Fontenot and Mr. Yegge have served as directors of Investar Bank (the Bank), the company’s wholly-owned subsidiary since May 2017, and Mr. Melara has served as a director of the Bank since July 2020.