On April 8, 2021, Harry J. Wilson, a current member of the Board of Directors of Horizon Global Corporation, with a term expiring at the Company's 2021 annual meeting of stockholders (2021 Annual Meeting), notified the Company he will not stand for reelection at the 2021 Annual Meeting. Mr. Wilson currently serves as Chair of the Board's Compensation Committee, and his service in this role will also end effective as of the 2021 Annual Meeting. On April 9, 2021, the Board increased the size of the Board from eight to nine directors, and appointed John F. Barrett to fill the newly created directorship, effective immediately. Mr. Barrett will serve until his term expires at the Company's 2021 Annual Meeting, at which time he will stand for reelection for a further term expiring at the Company's 2022 annual meeting of stockholders. Mr. Barrett currently serves as managing partner and chief investment officer of Corre Partners Management, LLC.