On September 17, 2012, Littlefield Corp. announced that on September 7, 2012, Michael L. Wilfley and Carlton R. Williams resigned from its Board of Directors. The Company also announced that on September 10, 2012, the directors of the Company elected James D. Recks to the Company's Board of Directors to fill a vacancy on the Board.

Following Recks' election, the Board approved the reduction of the number of directors on the Company's Board of Directors from 6 to 4. Also after Recks' election, Alfred T. Stanley resigned from the Board of Directors. Further, the Company said that following the September 10 actions, the Company has 3 currently serving members of the Board of Directors: James D. Recks, Charles M. Gillman, and Jeffrey L. Minch. Further, the Company stated that on September 10, 2012, James D. Recks was elected as President and Chief Executive Officer of the Company by the Board.