On September 28, 2018, the Board of Directors of Trans-Lux Corporation unanimously elected Mr. Salvatore J. Zizza to be Chairman of the Board (a non-executive position). Mr. Zizza, 72, has served as an independent director since December 2009 and was elected Vice Chairman of the Board (a non-executive position) of the Company on September 29, 2010. He currently serves as the Chairman of Zizza & Associates, LLC. and of Bethlehem Advanced Materials. Additionally, Mr. Zizza serves as a Director of GAMCO Westwood Funds. On September 28, 2018, the Board of Directors unanimously elected Mr. George W. Schiele to be Vice Chairman of the Board (a non-executive position). Mr. Schiele, 87, has served as a director since December 2009 and was elected Chairman of the Board (a non-executive position) of the Company on September 29, 2010. Mr. Schiele currently serves as a trust management and private investment officer and has held such positions since 1974. On September 28, 2018, Trans-Lux Corporation executed an employment agreement with Alberto Shaio, President and Chief Executive Officer, effective on October 1, 2018 which expires on October 1, 2020. Mr. Shaio, 70, was appointed President and Chief Executive Officer of the Company on August 9, 2018 and has served as a director for the Company since October 2, 2013.