Since June 2016, Christopher Shackelton, a Managing Partner at Coliseum Capital Management, LLC (Coliseum), has served as a designee (Series A Designee) to the board of directors (Board) of Universal Technical Institute, Inc. (Company), at the election of the holders of Series A Preferred Stock, par value $0.0001 per share (Series A Preferred Stock). In connection with the Repurchase and Conversion as further disclosed in Item 8.01 of this Current Report on Form 8-K, the designation right of the holders of Series A Preferred Stock terminated. In light of Mr. Shackelton?s many contributions to the Board during his tenure as the Series A Designee, and in connection with the Repurchase, the Board appointed Mr. Shackelton as a Class III director of the Board, with an appointment to serve until the company?s 2025 annual meeting of stockholders.