Innovative Solutions and Support, Inc. announced that the Board of Directors has appointed Mr. Stephen L. Belland to serve as a Director, effective June 7, 2022. Mr. Belland (age 65) is the Co-Founder and Chief Executive Officer at Integrated Connection, LLC and a Principal at Clear Rock Advisors. Prior to Clear Rock Advisors, he has held various executive positions at Rockwell Collins including Technical Director, Vice President of Program and Product Management, Vice President of Strategy and Marketing and most recently Vice President of Corporate Development.

Mr. Belland received his B.S. in Electrical Engineering from Michigan Technological University and has attended executive programs at Kellogg, Wharton and Insead. Mr. Belland is expected to serve on committees of the Board, but such committees have not yet been determined. As non-employee director of the Company, Mr. Belland will receive compensation for his service on the Board under the Company's director compensation program.

Under the terms of the program, Mr. Belland is entitled to annual cash compensation of $25,000, a fee of $1,500 for each Board meeting attended and $1,500 for each in-person committee meeting that is not held on the same day as a Board meeting. The Company also makes annual awards of restricted stock or restricted stock units, with each such unit representing a contingent right to receive one share of common stock upon vesting, to non-employee directors under the 2019 Stock-Based Incentive Compensation Plan. The target value of such annual awards is $40,000 for each non-employee director.