On January 6, 2016, the Board of Directors of DGSE Companies Inc. elected Michael J. Noel as a member of the Board, effective immediately. Mr. Noel was appointed by the Board to serve on the Compliance, Governance and Nominating Committee, the Compensation Committee and the Audit Committee. Mr. Noel is currently the Chief Investment Officer and Chief Operations Officer of Taylor Stephens Inc. of which Mr. Noel and another partner each acquired 50% ownership in 2013.