CareCloud, Inc. announced Bill Korn will join the company?s board of directors and will resign as chief strategy officer of the company, effective October 6, 2023. Mr. Korn?s resignation is not a result of any disagreement with the Registrant or its board or management relating to the Registrant?s operations, policies or practices or any issues regarding its accounting policies or practices. On October 5, 2023, pursuant to a Unanimous Written Consent in lieu of a Meeting of the Board of Directors (board), the Board, upon the recommendation of its Nominating and Governance Committee, elected Bill Korn to serve as a Class II Director of the company, effective as of October 9, 2023.

Mr. Korn will serve as a director until the company?s 2025 annual meeting of stockholders and thereafter until his successor is duly elected and qualified or until his earlier death, resignation or removal. The Board has determined that effective upon the commencement of Mr. Korn?s term as a director, the size of the Registrant?s Board shall be increased from six directors to seven directors.