On September 17, 2015, Mr. Roy Guthrie resigned from the Board of Directors of Garrison Capital Inc. in order to pursue other interests. Following an extensive search process, the company's Nominating and Corporate Governance Committee nominated Joseph L. Morea to fill the vacancy created by Mr. Guthrie's resignation. Immediately after the resignation of Mr. Guthrie, on September 17, 2015 the Board, by a majority vote pursuant to the company's certificate of incorporation and amended and restated bylaws, elected Mr. Morea to serve on the Board.

Mr. Morea will also be a member of the company's Nominating and Corporate Governance Committee, Audit Committee, Valuation Committee and Compensation Committee. Mr. Morea is currently a Principal for Berkeley Realty Ventures, LLC, a position he has held since August 2012. Mr. Morea has also served as a director for Eagle Growth and Income Opportunities Fund.

Additionally, he served as a director for CommonWealth REIT from July 2012 to March 2014. Prior to joining Berkeley Realty Ventures, Mr. Morea served as the Vice Chairman and Managing Director of RBC Capital Markets from 2003 through June 2012.