AmBase Corp. Announces Demise of Salvatore Trani, Director and Chairman of Personnel Committee and a Member of Accounting and Audit Committee

AmBase Corp. announced the passing of Salvatore Trani, a Director of the Company since 2006. Mr. Trani served as Chairman of the Company's Personnel Committee and a member of the Company's Accounting and Audit Committee.

Mr. Trani had been up for re-election in connection with the Company's June 2013 Annual Meeting of Stockholders, but as a result of the circumstances, there will be no director election as part of the Company's June 6, 2013 Annual Meeting of Stockholders. The Board will be considering alternatives to the Board seat vacated.