On August 15, 2014, pursuant to a unanimous written consent in lieu of a meeting, the Board of Directors of Gepco, Ltd. appointed Emilio D. Bacardi as a director, to serve until his successor is duly elected and qualifies or his resignation. The company deemed the appointment of Mr. Bacardi to be appropriate due to his longstanding experience in the finance industry. Emilio D. Bacardi is currently a Managing Partner of Beverly Wilshire Group Inc.