Cooper Tire & Rubber Company announced the merger agreement by and among the Company, The Goodyear Tire & Rubber Company and Vulcan Merger Sub Inc. and a wholly owned subsidiary of Goodyear, on June 7, 2021, Merger Sub merged with and into Cooper Tire, with Cooper Tire surviving the merger and becoming a wholly owned subsidiary of Goodyear. As a result of the Merger, Cooper Tire, along with its subsidiaries, became subsidiaries of Goodyear. Pursuant to the Merger Agreement, as of the Effective Time, each of Steven M. Chapman, Susan F. Davis, Kathryn P. Dickson, John J. Holland, Bradley E. Hughes, Tyrone M. Jordan, Tracey I. Joubert, Gary S. Michel and Brian C. Walker ceased to be directors of the company. Additionally, and pursuant to the Merger Agreement, as of the Effective Time, Stephen R. McClellan, Darren R. Wells and Christina L. Zamarro, who were the directors of Merger Sub immediately prior to the consummation of the Merger, became the directors of the company, as the surviving corporation.