On October 24, 2019, Marc Reisch, a non-independent director of ALJ Regional Holdings, Inc. (the “Company”), notified the Company of his decision to resign from the Company’s Board of Directors, effective immediately. Mr. Reisch’s decision to resign was occasioned by the fact that the Company does not currently have a majority of its directors who are independent under Nasdaq rules, and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Reisch will remain Chief Executive Officer of the Company’s wholly owned-subsidiary Phoenix Color Corp.