Effective July 17, 2016, Yoshitaro Kumagai has resigned from the Board of Directors, and the Audit Committee and Corporate Governance and Nominating Committee, for Destiny Media Technologies. At resignation, there are no known disagreements with management related to the company's operations, policies or practices other than decisions made with the continued employment and salary level of certain non-executive non-arm's length staff members where there may not be the best value.