ToughBuilt Industries, Inc. announced that as previously disclosed in the Registration Statement on Form S-1 of ToughBuilt Industries, Inc., filed with the SEC of July 9, 2018, Zareh Khachatoorian resigned as a director effective as of November 9, 2018, the date of the Company’s initial listing on the Nasdaq Capital Market. Also, as disclosed, Robert Faught, Frederick D. Furry and Paul Galvin assumed their previously elected roles as directors as of the same day. All three of these new directors meet the independence requirements as defined by Nasdaq and SEC rules. All three independent directors will serve on each of the Audit Committee, Compensation Committee and Nominating and Governance Committee, with Mr. Furry as the Audit Committee Chair, Mr. Galvin as the Compensation Committee chair and Mr. Faught as the Nominating and Corporate Governance Committee Chair. Due to his extensive experience as a certified public accountant and in chief financial officer roles, Mr. Furry is also deemed to be the Audit Committee Financial Expert.