On December 20, 2022, Richard Grellman, acting Chair of the Board of Directors of F45 Training Holdings Inc. (Company) and Lead Independent Director of the Board, notified the Company that he was resigning from the Board effective immediately. At the time of his resignation, Mr. Grellman also served as the Chair of each of the Audit Committee of the Board and the Compensation Committee of the Board, and served as a member of the Nominating and Corporate Governance Committee of the Board. On December 20, 2022, the Board elected Michael Raymond, a current director, as Chair of the Board.

In addition, on December 22, 2022, the Board appointed certain directors to the committees of the Board. The Company's Compensation Committee membership consists of Liz Josefsberg (Chair), Gene Davis and Angelo Demasi. The Company's Audit Committee membership consists of Gene Davis (Chair) and Angelo Demasi.

The Nominating and Corporate Governance Committee membership consists of Gene Davis (Chair), Lee Wallace and Vanessa Douglas.