S&W Seed Company announced that with a view towards streamlining S&W Seed Company's (the “Company”) organizational structure, and also reducing related costs, the Company's Board of Directors (the “Board”) has determined to reduce the authorized number of directors to five, effective as of immediately prior to the Company's 2022 annual meeting of stockholders (the "Annual Meeting"). To facilitate this reduction, on October 27, 2022, David A. Fischhoff, Ph.D., Consuelo E. Madere, Charles B. Seidler and Robert D. Straus each delivered irrevocable resignations from their positions on the Board, including each of the Board committees on which they serve, with the resignation of Mr. Straus effective as of October 31, 2022, and the resignations of Dr. Fischhoff, Ms. Madere and Mr. Seidler effective as of immediately prior to the Annual Meeting.