On July 15, 2019, ARC Group, Inc. appointed Alex Andre as its Chief Financial Officer. In connection therewith, on July 15, 2019, Seenu G. Kasturi resigned as the Company's Chief Financial Officer. Mr. Kasturi will continue to serve as the Company's Chief Executive Officer and Chairman of the Company's board of directors. Mr. Andre joined the Company as an employee on April 1, 2019. Prior to joining the Company, Mr. Andre served as the Co-Manager of THS Ventures, LLC, a consumer products company that he co-founded, from February 2017 to February 2019, and served as a financial, legal and business consultant to public and private companies, including the Company, from March 2010 to April 2019. Mr. Andre served as the Chief Executive Officer of HMS, LLC from March 2016 to January 2017, and served as the Chief Financial Officer of HMS, LLC from September 2014 to March 2016.