Effective July 22, 2022, the Board of Directors (the Board") of OmniLit Acquisition Corp. accepted the resignation of Brian F. Hughes and appointed Mark D. Norman to the audit committee as the chair. Mark Norman has been an independent director of the Company since November 2021.

Mr. Hughes's resignation was for personal reasons and not due to a disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Prior to joining the Board of Directors of the Company, Mark Norman was CEO of Chrysler Canada where he started out his career washing cars at a local dealership. From there, he was recruited to become CEO of Flexcar, a nascent car-sharing company.

He successfully negotiated the sale of Flexcar to rival Zipcar, where as president, he led the company's expansion into over 25 major cities and more than 300 college campuses, creating the world's large car-sharing network. Mark and the team managed the company's IPO on the NASDAQ and subsequent sale to Avis Budget Group. He is currently Managing Partner at FM Capital.

Mark Norman has an MBA from Harvard Business School and a BA in Economics from Rice University.