On May 25, 2022 Vidler Water Resources, Inc. announced that in connection with the Merger, Dorothy A. Timian-Palmer, Eric H. Speron, Maxim C.W. Webb and Nicole L. Weymouth each resigned from his or her position as a member of the Company board of directors, effective immediately. These departures were not a result of any disagreements with the Company on any matter relating to the Company's operations, policies, or practices. On May 25, 2022, Donald R. Horton was appointed as the sole director of the Company, effective immediately.