On August 22, 2014, Everett Alexander and Joseph A. Ioia tendered their resignations as directors of GlyEco,
Inc., effective immediately. Both Mr. Alexander and Mr. Ioia remain committed to the company and intend to remain shareholders. Mr. Alexander will be assuming a consulting role with the company going forward with a particular focus on developing strategic partnerships internationally, while Mr. Ioia will continue to provide support related to the company's expansion at its New Jersey Processing Center and wherever else his expertise or services may be needed.