On April 1, 2015, the Board of Directors of Alexander's Inc. determined to increase the size of the Company's Board of Directors to eight members and to appoint Ms. Wendy A. Silverstein to the vacancy with an initial term expiring in 2016. Until April 1, 2015, Ms. Silverstein was the Executive Vice President Co-Head of Capital Markets and Acquisitions of Vornado Realty Trust.