On Track Innovations Ltd. on November 28, 2017 received notice of the resignation of Mr. Yishay Curelaru from his position as Chief Financial Officer of the registrant. Mr. Curelaru, who has worked for the registrant for more than four years, advised the registrant that he has decided to pursue new opportunities. Mr. Curelaru’s resignation was not a result of any disagreement with the registrant. In accordance with Mr. Curelaru’s employment agreement, Mr. Curelaru will continue to serve as the registrant’s Chief Financial Officer until the end of 3 months following his notice to the registrant. The duties of Mr. Curelaru will be assumed by Mr. Assaf Cohen, who will act as interim Chief Financial Officer until a permanent replacement for Mr. Curelaru is appointed. Mr. Cohen, age 33 was appointed as the registrant’s controller and deputy Chief Financial Officer in July 2015, and has overseen the registrant's finance department in this capacity. Prior to joining the registrant, Mr. Cohen was a controller at a private company, Samgal Ltd., for a year and a half and prior to that he was a senior accountant at Ernst and Young beginning 2010.