On February 16, 2017, Robert Conologue, the company's Senior Vice President and Chief Financial Officer, advised Trans-Lux Corporation that he was leaving the Company to pursue other opportunities. Mr. Conologue's departure was not the result of any disagreement related to any matter involving the company's operations, policies or practices. In connection with Mr. Conologue's departure, the company appointed J.M. Allain, a Director and the company's President and Chief Executive Officer, the company's principal financial officer.