Gadsden Properties, Inc. announced the following changes to its officers and members of its board of directors: Effective February 4, 2020, John Hartman resigned from his position as Chief Executive Officer of the Company, as well as Chief Executive Officer and/or President of the Company's subsidiaries. On February 4, 2020, the Board of Directors of the Company appointed Douglas Funke as interim Chief Executive Officer of the Company. Mr. Funke is currently a member of the Company's Board of Directors, where he serves as Chairman of the Board's Audit Committee.

Mr. Funke was appointed until his successor is duly elected and qualified. Effective February 4, 2020, Mr. Hartman also resigned as Chairman and a member of the Company's Board of Directors. Mr. Hartman did not serve on any committees of the Board.