On February 27, 2020, Board of Directors of Insignia Systems, Inc. appointed Chad B. Johnson to serve as an additional director to fill an existing vacancy on the Board. Mr. Johnson will initially serve on the Boards Audit Committee. The Board and its Governance, Compensation and Nominating Committee considered Mr. Johnson for appointment pursuant to the nomination and evaluation procedures for substitute nominees set forth in the previously announced Cooperation Agreement dated May 17, 2018 with Nick Swenson, Air T, Inc., and Groveland Capital LLC.