On August 9, 2018, Liberty Tax, Inc. received a written consent executed by stockholders representing a majority of the outstanding shares of the company's Class A Common Stock electing the following five persons as directors of the company to serve until the company's next annual meeting of stockholders and until their successors are duly elected and qualified. Brian R. Kahn founded and has served as the investment manager of Vintage Capital Management, LLC and its predecessor, Kahn Capital Management, LLC, since 1998. Andrew M. Laurence is a partner of VCM. Mr. Laurence joined VCM in January 2010. Matthew Avril is a self-employed consultant. He is currently a member of the strategic advisory board of VCM. Bryant R. Riley has served as Chief Executive Officer and Chairman of B. Riley Financial, Inc. and as a director since August 2009. Kenneth M. Young currently serves as President of B. Riley. In addition, Mr. Young serves as Chief Executive Officer for B. Riley Principal Investments.