On May 11, 2021, the Board of Directors of National Research Corporation increased the size of the Board to six directors, and upon recommendation of the Board’s Nominating Committee, appointed Stephen Lockhart and Penny Wheeler to serve as directors and fill the vacancies on the Board, effective immediately. Dr. Lockhart will serve as a Class I director with a term expiring at the Company’s 2022 annual meeting of shareholders and thereafter until his successor has been duly elected and qualified or until his earlier, death, resignation, or removal. Dr. Wheeler will serve as a Class II director with a term expiring at the Company’s 2023 annual meeting of shareholders and thereafter until her successor has been duly elected and qualified or until her earlier death, resignation, or removal. At this time, the Board has not appointed Dr. Lockhart or Dr. Wheeler to serve on any committees of the Board, although the Board may appoint Dr. Lockhart or Dr. Wheeler to serve on one or more committees in the future.