Nocopi Technologies, Inc. announced that on June 15, 2023, Rudolph A. Lutterschmidt tendered his resignation to the Company’s Board of Directors as Vice-President and Chief Financial Officer of Nocopi Technologies, Inc., effective June 19, 2023. Mr. Lutterschmidt’s departure was not the result of any disagreement with the Company nor any issue related to the Company’s financial statements or accounting practices. Mr. Lutterschmidt will remain employed by the Company until June 30, 2023, in an advisory role to assist with the transition.

On June 15, 2023, the Board of Directors appointed Debra Glickman to serve as the Company’s new Chief Financial Officer effective June 19, 2023. As the Company’s Chief Financial Officer, Ms. Glickman will be responsible for leading the Company’s finance and accounting functions, including financial reporting and analysis, and such other duties as may be prescribed by the Company’s Chief Executive Officer from time to time. Since April 2020, Ms. Glickman, served as the Controller of Hallman & Lorber, a privately owned pension and actuarial consulting firm where she was responsible for all accounting/financial, human resource, and tax planning functions.

Prior to that, from June 2012 to February 2020, she served as the Chief Financial Officer of Harbor Group Consulting, a private insurance consulting and analysis firm where she led accounting/financial, operations and human resources and benefits administration. Ms. Glickman received her Bachelor of Science in Accounting from the University of Maryland College Park in 1988.