On December 31, 2021, Liam Burns resigned from his position as a member of the board of directors of Modular Medical, Inc. Mr. Burns did not resign as a result of any disagreement with the company on any matter relating to the Company's operations, policies or practices. Effective as of January 3, 2022, the Board approved the formation of its nominating and corporate governance committee (the Nominating Committee) and appointed Philip Sheibley and Steven Felsher as its members, with Mr. Sheibley serving as its chairperson. The Board had previously established an audit committee (the Audit Committee) and a compensation committee (the Compensation Committee, and together with the Audit Committee and Nominating Committee, the Committees).
The Board has adopted charters for each Committee (the Committee Charters) to govern their membership, duties and responsibilities.