On April 21, 2017, Richard Pechter delivered notice of his resignation as a director of Silvercrest Asset Management Group Inc. effective immediately. Mr. Pechter advised the Company that his resignation was not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices. On April 21, 2017, the Board appointed Brian Dunn as a director to fill the vacancy created by Mr. Pechter’s resignation. Mr. Dunn was appointed to the class of directors whose terms of office expire at the 2017 Annual Meeting of Stockholders. Mr. Dunn was also appointed to serve as Chairperson of the Compensation Committee and as a member of the Audit Committee and the Nominating and Corporate Governance Committee. Mr. Dunn joined McLagan Partners in 1998 and retired as Chairman of McLagan and CEO of Performance, Reward & Talent for Aon Hewitt Consulting Worldwide in December 2015. He is a board member of the Phi Delta Education Foundation.