Mr. Hayne, 78, co-founded Urban Outfitters in 1970. He has been Chairman of the Board of Directors since the Company s incorporation in 1976 and, until February 2016, also served as the Company s President. Mr. Hayne served as the Company s principal executive officer until 2007 and again beginning in January 2012. Margaret A. Hayne, Co-President and Chief Creative Officer of Urban Outfitters, Inc., is Mr. Hayne s spouse. Azeez Hayne, Chief Administrative Officer of the Company, is Mr. Hayne s nephew. Mr. Hayne s long tenure leading the Company as Chairman of the Board of Directors, his tenure as principal executive officer and his exceptional leadership skills make him uniquely qualified to serve as a director.