On September 12, 2019, the Board of Directors of Asta Funding, Inc. appointed Mr. Steven Leidenfrost to serve as Chief Financial Officer of the Company, effective as of September 23, 2019. Prior to joining Asta Funding, Inc., Mr. Leidenfrost was an Executive Director at Morgan Stanley, where he held a number of key leadership positions including Global Tax Controller, Head of Disclosure Policy and Strategic Projects and Head of SEC reporting.