On February 18, 2020, the Board of Directors of Waddell & Reed Financial, Inc. appointed Katherine M. A Kline to serve as a Class I director and appointed Constance K. Weaver to serve as a Class II director. Each appointment was effective on February 21, 2020 upon the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The Board also appointed Mss. Kline and Weaver to serve on the Nominating Committee. Ms. Kline is the former chief marketing and communications officer for Oath Inc. (now Verizon Media), the Verizon Communications, Inc. Ms. Weaver is the co-founder and chief executive officer of Tracker Group LLC and is the former senior executive vice president, chief marketing and communications officer at TIAA.