On January 3, 2018, the board of directors of New York & Company, Inc. elected Miki Racine Berardelli, to be a member of the company’s board of directors, bringing the company’s board from 9 members to 10 members, and increasing the number of independent directors to 8 of the 10 members. Since 2016, Ms. Berardelli has served as Chief Executive Officer of Kidbox LLC, a fast-growing start-up digital commerce business selling children’s apparel and accessories.