Spectra Inc. announced that Mr. Michael Faye will resign as a director and officer of Spectra Inc. and its subsidiary, Spectra Products Inc. effective March 31, 2017. Mr. Glen Campbell will fulfill Mr. Faye's responsibilities as Chairman and Chief Financial Officer of Spectra Inc. and will also will take over the role of Chairman of Spectra Products Inc., presently held by Mr. Andrew Malion. Mr. Andrew Malion will continue in his role as President of Spectra Inc. and will become President of Spectra Products Inc. Mr. Campbell will join the Board of Directors of both companies subject to regulatory consent.

Mr. Faye will continue in a full time capacity until May 31, 2017 and then transition to a part time capacity with both companies providing product line and administrative support until December 31, 2017.