On April 21, 2014, SecureAlert Inc. announced that Chad D. Olsen, the company's Chief Financial Officer, has submitted his resignation to the company to pursue other interests and opportunities. Mr. Olsen has indicated that he has no disagreements with management. In order to facilitate an orderly transition, his resignation will be effective May 2, 2014.

Until that date Mr. Olsen will assist with the transition to his successor. The company announced the appointment of John R. Merrill as Chief Financial Officer effective April 24, 2014. Mr. Merrill will assume responsibilities for all financial reporting, compliance, regulatory and treasury functions for the company.

He will also serve as the Principal Accounting Officer and treasurer for the company. In addition to joining the company, Mr. Merrill is also the Chief Financial Officer for TenXNetworks and IPVidTech.com. From 2010 to 2013, Mr. Merrill worked as an advisor in the healthcare technology industry facilitating both due diligence and integration of certain acquired companies.