On January 4, 2016, Ally Financial Inc. announced that it has received a notice of nomination from Lion Point Capital proposing 2 candidates to stand for election to the Company's Board of Directors at the Company's 2016 annual meeting. In addition, the Company announced that the Board of Directors will carefully consider and evaluate Lion Point's nominations and will communicate its views to stockholders in due course. Furthermore, the Company announced that the Company's Compensation, Nominating and Governance Committee and its full board previously concluded that the Company's stockholder value would not be enhanced by the creation of such a committee, that the Company's business and financial fundamentals and prospects are strong, and that it would be a highly disadvantageous time in the business, market and regulatory cycle to pursue a sale transaction.