Dundee directors Peter and Jimmy Marr are to leave the club after nine years at Dens Park.
Marr has been in charge during a turbulent era for Dundee
In a statement, Dundee confirmed that the brothers have tendered their resignations to the club's board.
"Dundee FC can confirm that Peter and Jimmy Marr have notified the board of their decision to resign as directors of Dundee FC," it read.
"The board would like to put on record their appreciation of the positive contribution they have made."
The Dundee businessmen has witnessed turbulent times at Dens during their time on Tayside, with the club going into administration in November 2003.
BBC Scotland understands that an agreement with the club's bankers is due to be finalised which will secure Dundee's future.
The arrangement with the bank will also ensure that the club remains full-time.
Marr, who along with brother Jimmy, bought the club from Canadian businesman Ron Dixon nine years ago, has recently seen six of his companies go into receivership.
Despite the period of administration the Marr brothers are attributed with saving the club from closure.