On August 1, 2016, Eric Fullerton submitted his resignation as the Chief Executive Officer and as a director of Vicon Industries, Inc. and notified the company that August 5, 2016 would be his last day of employment with the company. On August 2, 2016, the Company's Board of Directors appointed John M. Badke to serve as the Company's Interim Chief Executive Officer. Mr. Badke, 57, has served as the Company's Senior Vice President, Finance since May 2004, and as its Chief Financial Officer since December 1999.

Mr. Badke will continue to hold such offices while serving as Interim Chief Executive Officer.