On January 31, 2013, Privet Fund Management LLC delivered a letter to the secretary of PFSweb Inc nominating Ben Rosenzweig for election to the Company's Board of Directors at the 2013 annual meeting of shareholders. In addition, Privet Fund Management stated that it will continue to engage in discussions with management and the Board regarding the nomination of directors at the 2013 annual meeting and the composition of the Board in general.