On January 24, 2022, the Board of Directors of Angel Oak Mortgage, Inc. appointed Jonathan S. Morgan as a director, effective January 24, 2022, with a term expiring at the 2022 annual meeting of the Company's stockholders. Mr. Morgan fills a vacant seat which was created due to the resignation of a previous Board member in November 2021. The Board has determined that Mr. Morgan is “independent” under the corporate governance standards of the New York Stock Exchange.

In connection with Mr. Morgan's appointment to the Board, the Board appointed Mr. Morgan to serve as Chairperson of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee of the Board.