On July 12, 2018, Randy L. Pearce, a member of the Board of Directors of Ascena Retail Group, Inc. since 2005, notified the Company of his intention to retire from the Board with an effective date which is expected to be on or about October 4, 2018. Mr. Pearce is a member of the class of directors whose terms of office expire at the Company's 2018 Annual Meeting of Stockholders.