Capstone Green Energy Corporation to reduce its cash use (the Expense Reduction Plan), the employment of James Crouse, the Chief Revenue Officer of the Company, will terminate effective April 1, 2022. On February 25, 2022, pursuant to the Expense Reduction Plan, the Company also furloughed Neshan “Nino” Tavitian, the Company's Chief Accounting Officer, effective February 28, 2022, for 120 days. In his absence, Mr. Frederick S. Hencken III has assumed the role of Chief Accounting Officer.

Mr. Hencken will also continue in his role as Chief Financial Officer of the Company.