On September 13, 2018, the Board of Directors of Monmouth Real Estate Investment Corporation increased the number of its directors from twelve to thirteen. To fill the resulting vacancy, the Board elected Mr. Kiernan "KC" Conway as a Class II Director, to serve for the remaining term of Class II Directors, until the Company's 2020 annual meeting of stockholders and when his successor is duly elected and qualifies. The Board has determined that Mr. Conway is an independent director under the listing standards of the New York Stock Exchange. From 2014-2017, he served as Senior Vice President of Credit Risk Management for Sun Trust in Atlanta, GA.