On April 9, 2020, the board of directors of CatchMark Timber Trust, Inc. elected Messrs. Tim E. Bentsen and James M. DeCosmo to serve as directors, effective immediately. Concurrent with their election to the Board, the Board was expanded from six to eight members. Each of Messrs. Bentsen and DeCosmo will serve as a director until the Company's 2020 annual meeting of stockholders and until his successor is elected and duly qualified. The Board has also determined that Mr. Bentsen is an audit committee financial expert and, if re-elected at the Annual Meeting, will serve as the Chair of the Audit Committee and as a member the Finance and Investment Committee following the Annual Meeting. If he is re-elected at the Annual Meeting, Mr. DeCosmo will serve on the Finance and Investment Committee and the Nominating and Corporate Governance Committee following the Annual Meeting. The election of each of Messrs. Bentsen and DeCosmo to the Board was not made pursuant to any arrangement or understanding between such director and any other person. Tim E. Bentsen, 66, is a former audit partner and practice leader of KPMG LLP, a position he retired from in 2012. Over his 37 years with KPMG, he served as an audit partner for numerous publicly traded companies with a specialization in the financial services industry. Mr. Bentsen also served in a variety of leadership roles, including Southeast Area Managing Partner and Atlanta office Managing Partner. James M. DeCosmo, served as the President and Chief Executive Officer of Forestar Group Inc. from 2006 to 2015 and as a director of Forestar from 2007 to 2015. He served as Group Vice President of Temple-Inland Inc. from 2005 to 2007, and previously served as Temple-Inland's Vice President, Forest from 2000 to 2005 and as Director of Forest Management from 1999 to 2000.