On March 3, 2022, Victor K. Nichols, a Class I director of Zovio Inc. who has served as a director of the Company since September 2014, advised the Company that he has determined not to stand for re-election to the Company's board of directors (the “Board”) at the Company's upcoming 2022 annual meeting of stockholders (the “2022 Annual Meeting”). Mr. Nichols' decision not to stand for re-election was not due to any disagreement with the Company, and he will continue to serve on the Board until the expiration of his term at the 2022 Annual Meeting. The Board intends to reduce the size of the Board from eleven to ten members in accordance with the provisions of the Company's bylaws, effective upon the expiration of Mr. Nichols' term at the 2022 Annual Meeting.