On July 16, 2024, Richard Lumb resigned from his position as a director of Bakkt Holdings, Inc. and as a member of the Audit and Risk Committee. His resignation was not due to any disagreements with the company's operations, policies, or practices. Subsequently, on July 19, 2024, Colleen Brown was appointed by the Board as a Class III director to fill the vacancy left by Lumb's departure. Brown, who brings a wealth of experience from various leadership roles in media and technology companies, was also appointed to the Audit Committee. The Board has confirmed her independence and qualifications as an 'audit committee financial expert' according to SEC regulations. Brown's extensive background includes executive positions and board memberships at several companies, including...Show More

On July 16, 2024, Richard Lumb resigned from his position as a director of Bakkt Holdings, Inc. and as a member of the Audit and Risk Committee. His resignation was not due to any disagreements with the company's operations, policies, or practices. Subsequently, on July 19, 2024, Colleen Brown was appointed by the Board as a Class III director to fill the vacancy left by Lumb's departure. Brown, who brings a wealth of experience from various leadership roles in media and technology companies, was also appointed to the Audit Committee. The Board has confirmed her independence and qualifications as an 'audit committee financial expert' according to SEC regulations. Brown's extensive background includes executive positions and board memberships at several companies, including Fisher Communications Inc., TrueBlue, and Big 5 Sporting Goods. She has also founded Marca Global and served on non-profit boards. Brown will receive the standard compensation for non-employee directors as detailed in the company's April 19, 2024 proxy statement. Additionally, Bakkt Holdings will enter into an indemnification agreement with Brown, providing her with legal protection against liabilities incurred in her role.