On February 8, 2014, the Board of Directors of IEC Electronics Corp. appointed Michael T. Williams as Vice President, Finance, effective February 11, 2014. In this capacity, he will serve as the company's principal accounting officer.

Also on February 8, 2014, the company and Mr. Williams entered into a letter agreement, dated February 11, 2014, and an Employment Agreement, dated February 11, 2014. Mr. Williams, 46, was employed by Bausch & Lomb Inc. from 1995 through October, 2013, and most recently served as Vice President Finance & Controller for its $1.3 billion Global Vision Care Business. From February, 2008 to September, 2012, he served as Controller, Global Surgical Business, Bausch & Lomb's $500 million global medical device business.

Prior to that time he served in varying capacities including among others Executive Commercial Director for the U.S. Refractive Business, Director of Finance, U.S. Surgical Business., Controller, U.S. Vision Care Business and Controller, European Logistics Center. After October, 2013, Mr. Williams served as a consultant with JC Jones & Associates, LLC.