On November 26, 2018, The GEO Group, Inc. received formal notice from John J. Bulfin, GEO's Senior Vice President, General Counsel and Secretary, of his intention to retire effective January 1, 2019. Mr. Bulfin has served as GEO's General Counsel and Secretary since 2000. Mr. Bulfin will be entitled to receive a retirement payment of approximately $1.7 million under the terms of the Senior Officer Retirement Plan. GEO and Mr. Bulfin intend to enter into a consulting agreement pursuant to which Mr. Bulfin will serve as a consultant to GEO from January 1, 2019 through December 31, 2020. On November 29, 2018, the Board of Directors of GEO appointed Joe Negron to the role of Senior Vice President, General Counsel and Secretary effective January 1, 2019. Mr. Negron will commence his employment with GEO on December 4, 2018 and will be working with Mr. Bulfin throughout the month of December to ensure a smooth transition.