On December 19, 2019, Arotech Corporation (the Company) merged (the Merger) with Argonaut Merger Sub Inc. (Merger Sub) and a direct, wholly-owned subsidiary of Argonaut Intermediate Inc. (Parent), pursuant to the terms and conditions of the Agreement and Plan of Merger, dated September 22, 2019 (the Merger Agreement), by and among the Company, Parent and Merger Sub. As a result of the Merger, the Company became a wholly-owned subsidiary of Parent. At the Effective Time, each of Jon B. Kutler, Lawrence F. Hagenbuch, Kenneth W. Cappell and Adm. James J. Quinn resigned from and ceased serving as a director of the Board of Directors of the Company and any and all committees thereof. Each director resigned in accordance with the terms of the Merger Agreement and in connection with the consummation of the transactions contemplated thereby. No director resigned as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.