On December 10, 2015, Mark J. Larsen, a director of U.S. Energy Corp. notified the company that he intends to resign from the Board of Directors effective December 31, 2015. The Board of Directors appointed David A. Veltri, CEO to serve the remainder of Mr. Larsen's director term until the 2016 annual meeting of shareholders.

Mr. Veltri will not be separately compensated for his board service.