On December 26, 2023, Michael Rutledge, the Chief Financial Officer ADDvantage Technologies Group, Inc. resigned from the Company, effective January 4, 2024. Mr. Rutledge's resignation was for personal reasons and not due to a disagreement with the Company on any matters relating to the Company's operations, policies, or practices. In connection with Mr. Rutledge's resignation, the Board of Directors appointed Michael Ramke as the interim Chief Financial Officer of the Company, effective January 4, 2024.

Mr. Ramke will serve as an independent contractor and provide services to the Company under a day rate contract which is terminable at will with a 30 day prior notice by either party. Michael Ramke, 54 years old, has assisted with various business development functions including leading the mergers, acquisitions and capital raise efforts of the Company since April 2020 as an independent contractor. Prior to that, starting in 2016, Mr. Ramke served as Chief Financial Officer of Stretch Zone Franchising, LLC, a company engaged in the business of practitioner assisted stretching in the health and wellness industry.

With over 15 years in wireless telecommunications with Crown Castle and five years in private equity, he has contributed across a spectrum of leadership roles as owner/investor, executive management and board member. He has held various executive positions from startups to S&P 500 companies that include roles in strategy, M&A, sales and marketing, operations, and finance. He has formally presented in several industry forums. He is a patent holder, earning this distinction for leading Crown Castle's effort to invent an innovative communication site demand software tool.

Mr. Ramke holds a Bachelor of Business Administration degree from Texas A&M University.