On January 22, 2016 Zosano Pharma Corp. announced that Dr. Peter Daddona resigned as a Class I Director and Dr. M. James Barrett resigned as a Class II Director of the company. Dr. Daddona and Dr. Barrett, were not independent directors, resigned for the purpose of enabling to meet Board independence requirements, and neither resignation was the result of any disagreement with on any matter relating to the company operations, policies or practices.