On August 18, 2020, the Board of Directors of Starwood Property Trust, Inc. increased the size of the Board from seven to eight directors and appointed Frederick Perpall to serve as a member of the Board. Mr. Perpall was also appointed as a member of the Audit Committee and the Investment Committee of the Board. Mr. Perpall is the chief executive officer of The Beck Group. Mr. Perpall currently serves as an independent director of Triumph Bancorp Inc. and as the chairman of the Dallas Citizens Council.