On April 25, 2012, Lee A. Wright submitted to the board of directors of Multi-Color Corp. notice of his decision to resign his position as a director effective April 25, 2012. Mr. Wright advised the Board that he has accepted a new assignment with Diamond Castle Partners IV, L.P., and his resignation was necessary to focus on this new commitment. Effective April 25, 2012, the company's Board of Directors appointed Simon T. Roberts of Diamond Castle to serve on the company's Board of Director's until the company's next annual meeting of shareholders and until a successor is elected and qualified. Mr. Roberts has also been appointed to the Audit and Finance Committee and Compensation Committee of the Board of Directors. Mr. Roberts has also been a member of the integration steering committee of Multi-Color after the acquisition of York Label Group. Mr. Roberts, joined Diamond Castle in 2010 as a partner focused on their portfolio companies. Mr. Roberts is a director of NES Rental Holdings Inc. He has over 20 years of experience driving growth and profit improvement programs in a wide range of industries including Industrial, Healthcare and Media. Prior to joining Diamond Castle, Mr. Roberts was a partner at Bain & Company.