On November 18, 2015, Vincent Iacopella, a long-time member of the Board of Directors of Janel Corporation, resigned from the Board to focus his full attention on his operational responsibilities for the company. Mr. Iacopella continues to be employed by the company as President of Janel Group Inc.'s West Region. William J. Lally, Sr. a long-time member of the Board of Directors of the Company, resigned from the Board to focus his full attention on his operational responsibilities for the Company. Mr. Lally continues to be employed by the Company as President of Janel Group Inc.'s Midwest Region. The Board of Directors of the Company elected Gerard van Kesteren to fill the vacancy on the Board resulting from the resignation of Mr. Lally. Mr. van Kesteren will serve until his successor is duly elected and qualified. The Board of Directors of the Company elected Dominique Schulte to fill the vacancy on the Board resulting from the resignation of Mr. Iacopella. Ms. Schulte will serve until his successor is duly
elected and qualified. Ms. Schulte is the managing member of Oaxaca Group, LLC.