Tuesday Morning announced the leadership transition following the company's successful reorganization completed in late December. Mr. Becker will serve in his current capacity as Chief Executive Officer and Director until a successor has been named to ensure a seamless transition. The Board and Mr. Becker are united in their commitment to the Company's future success as a leader in the off-price sector. To reflect that commitment, the Board is commencing a search process to identify the Company's next CEO, retaining a leading executive search firm to assist in a thorough search process. As previously disclosed in a Form 8-K filing on December 23, 2020, Tuesday Morning announced new Board memberships following its emergence from Chapter 11 through the appointment of four new directors. Effective December 31, 2020, Anthony F. Crudele, Douglas J. Dossey, W. Paul Jones, and John H. Lewis were appointed to Tuesday Morning's Board. The four new directors have joined continuing directors Steven Becker, Frank Hamlin, Reuben Slone, Sherry M. Smith and Richard Willis. Also effective December 31, 2020, Terry Burman, James T. Corcoran and Barry S. Gluck retired from the Board. The Company appreciates their valuable service to the organization. Additionally, Sherry M. Smith has been named Chairperson of the Board. Ms. Smith has served on Morning's Board since April 2014 and brings extensive leadership expertise from her career as a corporate executive and public company director.