On January 12, 2015, the board of directors of Solitron Devices, Inc. increased the size of the board of directors from four directors to five directors and appointed Dwight P. Aubrey and John F. Chiste as directors to fill the two vacancies on the board of directors that resulted from the increased board size and the prior resignation of Joseph F. Gerrity from the board of directors in July 2014. Messrs. Aubrey and Chiste were appointed as Class I directors to hold office until the Company's 2017 Annual Meeting of Stockholders or until each of their successors are duly elected and qualified.

As a result of the appointments of Messrs. Aubrey and Chiste, the board approved the following composition for its Audit Committee, Compensation Committee and Nominating Committee: John F. Chiste, Chairman; Jacob A. Davis, Member; and Sidney H. Kopperl, Member appointed to Audit Committee. Sidney H. Kopperl, Chairman; Dwight P. Aubrey, Member; and Jacob A. Davis, Member appointed to Compensation Committee.

Jacob A. Davis, Chairman; John F. Chiste, Member; and Sidney H. Kopperl, Member appointed to Nominating Committee.