SGRP is announcing that, as part of a planned process, Ms. Fay DeVriese will be leaving SGRP as its Chief Financial Officer, Secretary and Treasurer, effective as of January 31, 2023. On February 1, 2023, SGRP's Vice President of Finance & Corporate Controller, Ms. Rohini Nedadur, will become SGRP's Interim Chief Financial Officer, and she and SGRP's International Controller, Mr. Jeff Xie, will report directly to SGRP's Chief Executive Officer, Mr. Michael R. Matacunas. SGRP is actively seeking a new Chief Financial Officer.

On January 13, 2023, Ms. DeVriese and SGRP entered into an agreement (the " Agreement") providing for her separation from the Company and her agreement to be available to SGRP to assist with the 2022 year-end financial data and the 2023 budget and to assist in the orderly transition of her team to a new CFO or equivalent, all as needed and as reasonably directed by the Chief Executive Officer of SGRP. In the Agreement, in return for the settlement of any and all agreements and issues between them, SGRP has agreed (among other things) to pay her $87,500.00 and to pay for her COBRA premiums for her ongoing benefits through April 2023. The Corporation does not intend, assume any obligation, or promise to publicly update or revise any information respecting the composition or organization of its executives, or such strategic review process, other than the required reporting of any appointment of a new Chief Financial Officer.