On March 30, 2016, the board of directors of Kindred Biosciences, Inc. appointed Herbert D. Montgomery to serve as a Class I director of the Company, effective as of April 15, 2016, for a term expiring at 2017 annual meeting of stockholders. In addition, the Board appointed Mr. Montgomery to serve on the Company's Audit Committee effective as of April 15, 2016. As a result of Mr. Montgomery's appointment, the authorized size of the Board was increased to five members.

Mr. Montgomery has worked as a consultant providing senior management and financial consulting services since January 2009. From January 2001 until December 2008, Mr. Montgomery was Chief Financial Officer of Lightpost Holdings, LLC. From November 1999 to May 2001, Mr. Montgomery was Executive Vice President, Chief Financial Officer and Treasurer of Standard Media International.