Jessica R. Doran, the Chief Financial Officer of Pzena Investment Management Inc. went on maternity leave. In Ms. Doran's absence, other executive officers of the Company will assume many of Ms. Doran's duties while remaining in their current positions. In particular, Gary J. Bachman, the Company's Chief Operating Officer, will act as the Company's principal financial officer during the term of Ms. Doran's maternity leave, after which she will return to her position as Chief Financial Officer. Mr. Bachman is the Company's Chief Operating Officer and member of Pzena Investment Management, LLC's Executive Committee. Mr. Bachman joined the Company in 2012 and served as Chief Financial Officer before assuming the role of Chief Operating Officer in July 2016.