GWG Holdings, Inc. announced that as a result of discussions among members of the Board of Directors of the company, and based in part on a determination that a Board comprised of fewer directors would facilitate that Board's ability to oversee future company activities in an efficient and effective manner, Messrs. Richard W. Fisher, David H. Glaser, Sheldon I. Stein and Bruce E. Zimmerman resigned from the Board and the size of the Board was reduced from 14 to ten directors.