On April 9, 2020, Mr. Richard M. Pickup informed Impac Mortgage Holdings, Inc. that he does not intend to stand for re-election at the Company's 2020 Annual Meeting of Stockholders, which is currently scheduled for June 23, 2020. Mr. Pickup, age 86, was elected to the Company’s Board of Directors in 2018 and has served on the compensation and governance and nominations committees. Mr. Pickup will continue to serve on those committees for the remainder of his term. Mr. Pickup also one of the holders of the company's common stock, including as an investor in its convertible promissory notes.