On July 10, 2014, the Board of Directors of Finjan Holdings, Inc. appointed Daniel Chinn as Executive Chairman of the Board of Directors. In light of Mr. Chinn's appointment as Executive Chairman, the Nominating and Corporate Governance Committee, which was previously comprised of Daniel Chinn and Michael Eisenberg, was reconstituted to consist of Michael Eisenberg and Alex Rogers, each of whom are independent under applicable NASDAQ rules. On July 10, 2014, the company's President, Philip Hartstein, was appointed President and Chief Executive Officer of the company, and the company's Chief Financial Officer, Shimon Steinmetz, was appointed Chief Financial Officer and Treasurer.