On March 3, 2019, the Board of Directors of Waddell & Reed Financial, Inc., upon the recommendation of the Nominating and Corporate Governance Committee, appointed Kathie J. Andrade to serve as a Class III director to fill the current vacancy on the Board. Ms. Andrade is the former CEO of TIAA’s retail financial services business and has over 33 years of experience in the financial services industry. Class III directors will be up for election at the company’s 2019 annual meeting of stockholders. The Board also appointed Ms. Andrade to serve on the Nominating Committee.