On September 29, 2017, Mr. Bobby G. Fellers resigned as a member of the board of directors of TX Holdings, Inc. effective October 1, 2017. Mr. Fellers' resignation was not a result of any disagreement with the company on any matter relating to the company's operations, policies or practices. On October 1, 2017, following the resignation of Mr. Fellers, the board of directors appointed Mr. Jose Fuentes as a director, effective immediately, to fill the vacancy arising from the resignation of Mr. Fellers. Mr. Fuentes has been Chief Financial Officer of the company since May 12, 2008. Commencing in 2006 and through 2007, Mr. Fuentes was the company’s VP of Finance. Mr. Fuentes has over thirty-five years of financial related experience including in the energy sector. The majority of his early career, after leaving public accounting, was spent at Atlantic Richfield Co., where he held several progressively responsible financial roles including his most recent position as Vice President of Finance, Planning and Control for Arco Indonesia.