On July 31, 2013, William A. Schmitz resigned as the President of Arista Power, Inc. Mr. Schmitz remains the Chief Executive Officer of Arista Power and a member of the Board of Directors of Arista Power. On July 31, 2013, the Board of Directors of Arista Power appointed Mark Matthews as President of Arista Power, effective July 31, 2013. Mr. Matthews has also been named a Director of the Company.

Mr. Matthews, age 40, will report to Arista Power's Chief Executive Officer, William A. Schmitz. Prior to being named President, Mr. Matthews had previously been Arista Power's Vice President of Sales and Marketing since December 2009. Prior to joining Arista Power, Mr. Matthews was Vice President of Government and Commercial Sales at Ultralife Corporation.

On July 31, 2013, the Board of Directors elected Mark Matthews as a Director of the Company, effective July 31, 2013.