Sears Hometown and Outlet Stores, Inc. elected Mr. David Robbins as a director and appointed him as a member of the Board's Audit Committee. Mr. Robbins is engaged in the asset management field, primarily in alternative assets and private equity with an emphasis in healthcare. As a result of Mr. Robbins's appointment to the Audit Committee the Committee consists of three members, which brings the company into compliance with the audit committee requirements of Nasdaq Listing Rule 5605.