On January 16, 2017, Brien Ragle, CFO of IsoRay, Inc., informed the board of his resignation from all positions held with the company and its subsidiaries, effective immediately. Even though not obligated to do so, the company is in negotiations with Mr. Ragle to enter into a Separation Agreement for a to-be-determined amount of severance pay as well as mutual releases. Mr. Branson currently serves as the Controller for the company's operating subsidiary, IsoRay Medical, Inc., and will continue to do so, a position he has held since March 2016.