On January 17, 2013, Iroquois Capital, LP has sent a notice of its intent to nominate 5 nominees: Mark Sandson, John G. Coburn, Richard Abbe, Dennis Wend, and Lee Buchanan for election to the Board of LRAD Corporation at the Company's 2013 annual shareholder meeting. Further, Iroquois Capital expressed that it will solicit proxies in support of the nominees for director specified in its notice.