On February 27, 2017, the Board of Directors of GlassBridge Enterprises, Inc. elected Robert G. Torricelli to the Board as a Class I director, with a term expiring at annual stockholder meeting in 2018 or until his successor is duly elected and qualified or his earlier resignation, removal, incapacity or death. Mr. Torricelli's election fills a vacancy on the Board. The Board is expected to determine that Mr. Torricelli qualifies as an independent director under the rules of the New York Stock Exchange and Mr. Torricelli is expected to be appointed to serve as a member of the Audit and Finance Committee of the Board.