On December 20, 2013, Richard Stalzer resigned from his position as Chief Executive Officer of Voltari Corporation and from all other positions held at the Company, effective December 18, 2013. Effective December 20, 2013, the Board of Directors of the Company appointed Richard Sadowsky to the position of Acting Chief Executive Officer. In connection with this appointment, Mr. Sadowsky will relinquish his titles of Chief Administrative Officer and General Counsel.