On September 11, 2018, Mark Stogdill, President and Chief Executive Officer and Executive Director of the Board of Directors of Hammer Fiber Optics Holdings Corp., resigned from his position as President and Chief Executive Officer of the company. The company has announced that Mr. Stogdill, age 38, will be appointed as the company's new Chief Technology Officer effective immediately. Mr. Stogdill will retain his position as Executive Director of the Board of Directors of the company.

Mr. Stogdill's employment agreement had been extended by Resolution of the Board of the Directors on September 11, 2018 and amended to reflect his position as Chief Technology Officer of the company. In connection with the resignation of Mr. Stogdill as the President and Chief Executive Officer of the company, Erik B. Levitt was appointed as President and Chief Executive Officer of the company effective immediately. Mr. Levitt was also elected as an Executive Director to the Board of the company effective immediately.