On August 5, 2020, Viad Corp. entered into an Investment Agreement with Crestview IV VC TE Holdings, LLC (“Crestview VC TE”), Crestview IV VC Holdings, L.P. (“Crestview VC Holdings”), and Crestview IV VC CI Holdings, L.P. (“Crestview VC CI” and, together with Crestview VC TE and Crestview VC Holdings, the “Crestview Parties” and each, a “Crestview Party”). In connection with Crestview's investment, Crestview Partner and Head of Media, Brian Cassidy and Crestview Operating Executive, Kevin Rabbitt have joined Viad's Board of Directors, increasing the size of the board from seven to nine members.