OneMain Holdings, Inc. appointed Douglas H. Shulman as the company's President and Chief Executive Officer, effective as of Mr. Shulman's first date of employment with the company, which was September 8, 2018. Effective as of the effective date, Anahaita N. Kotval resigned from the Board, thereby creating a vacancy on the Board and for the position of chairperson of the Compliance Committee of the Board. To fill the vacancies created by Ms. Kotval's resignation, Mr. Shulman was appointed as a Class II member of the Board, and Valerie Soranno Keating was appointed as chairperson of the Compliance Committee, in each case effective as of the Effective Date.

The Board also reduced the size of the Compliance Committee to four director members following the resignation of Ms. Kotval. In connection with Mr. Shulman's appointment, Jay N. Levine resigned as the company's President and Chief Executive Officer and as a member of the Executive Committee, in each case effective as of the Effective Date. Mr. Levine will remain with the company as the Chairman of the Board and member of the Compliance Committee.