On October 15, 2013, STR Holdings, Inc. decided to eliminate the position of Chief Operating Officer. As a result, Barry A. Morris, the company's Executive Vice President and Chief Operating Officer, will continue to be employed by the company through a transition period ending November 15, 2013. The positions of Vice President of Human Resources, Chief Technology Officer and Vice President of Finance will also be eliminated effective November 15, 2013.

The company's senior management team will be responsible for the duties of the separated officers. These cost-reduction actions are being implemented to better align the company's organization and cost-structure to the current level of business.