Effective as of the 2017 Annual Meeting of Stifel Financial Corp. on June 6, 2017, Bruce A. Beda has retired as Director of the company. Robert E. Grady has been named Independent Lead Director. Michael W. Brown has been named Audit Committee Chairman. Also, effective as of the company’s Annual Meeting on June 6, 2017, Richard J. Himelfarb, Thomas B. Michaud, Thomas P. Mulroy, Victor J. Nesi, Ben A. Plotkin, and James M. Zemlyak have resigned as Directors of the company reflecting the Board’s decision to reduce the number of inside directors serving as Board members. They will remain officers of the company with no change in their operating responsibilities. Thomas P. Mulroy has stepped down as Co-President of the company and Co-Director of the Institutional Group of Stifel, Nicolaus & Company, Incorporated effective as of the company’s Annual Meeting on June 6, 2017. Mr. Mulroy will remain with the company. Mr. Nesi will become sole head of the Institutional Group.