Mr. Duskin, who joined the Board in 2017, will assist with the transitions by serving as a consultant to the Company until September 25, 2025. Mr. Seipel expressed gratitude for Mr. Duskin's service, saying, "Jonathan's strategic financial acumen and high level of engagement have been instrumental in navigating Citi Trends through key phases of growth. We sincerely appreciate his contributions and wish him success in his future endeavors." In addition, Citi Trends announced that it will appoint two new directors—Wesley Calvert and Pamela Edwards—to the Board in connection with the Amended and Restated Cooperation Agreement (the "Agreement") between the Company and Fund 1 Investments, LLC ("Fund 1"). Under the Agreement, Mr. Calvert will be appointed Chair of the Board's Finance Committee. Ms. Edwards will be appointed Chair of the Board's Audit Committee. In connection with the Agreement, Fund 1 has agreed to, among other things, a customary standstill lasting up to two years and voting commitment.