On October 8, 2015, Zynex, Inc. engaged C Squared Solutions, LLC to provide interim Chief Financial Officer services, including strategic financial planning, financial reporting, and interim executive management services. C Squared and its partners have significant executive management level experience and financial and accounting experience. The Interim Financial Officer services will be performed by Paul Oberman, a founder and partner of C Squared.

Mr. Oberman has over 40 years of executive leadership and management experience. Prior to joining C Squared, Mr. Oberman has served as Chief Financial Officer for Great American, LLC and MDC Holdings, Inc. In connection with the C Squared agreement, Mr. Oberman supported by his staff will provide Interim CFO support and management services to the company. Effective October 8, 2015, Brian P. Alleman's employment as Chief Financial Officer of Zynex, Inc. was discontinued.

Upon the effectiveness of Mr. Alleman's departure, Thomas Sandgaard, as the company's sole director, appointed himself to the role of principal financial and principal accounting officer. Mr. Sandgaard founded the company in 1996 after a career in the semiconductor, telecommunications and medical equipment industries with ITT, Siemens and Philips Telecom. Mr. Sandgaard has been the company's President, CEO and Chairman since 1996 and also currently serves as the company's sole director.