On October 27, 2022, the Board of Directors of Assure Holdings Corp. received and accepted the resignation of Preston Parsons as a director on the Board, effective immediately. Mr. Parsons' resignation was as a result of a disagreement between Mr. Parsons and the Company, including its management and independent directors. Mr. Parsons did not hold any position on any committees of the Board. On August 31, 2022, at a meeting of the Nomination and Corporate Governance Committee (the “Committee”) of the Board of the Company, the Committee reviewed certain personal financial news from Mr. Parsons. The Committee concluded that Mr. Parsons' actions in combination with several previously considered past actions gave rise to the appearance of a lack of judgment and raised doubts regarding Mr. Parsons' ability to continue to act in the best interests of the Company and in accordance with the Company's Code of Business Conduct and Ethics (the “Code”). Therefore, the Committee requested that Mr. Parsons resign from the Board immediately. At that time, Mr. Parsons declined to resign from the Board. On October 18, 2022, the Committee reviewed certain alleged violations of the Code by Mr. Parsons, regarding unauthorized and unsolicited communications with a stockholder of the Company. On October 19, 2022, the Committee delivered a letter to Mr. Parsons detailing the violations of the Code as determined in the judgment of the Committee and requested that Mr. Parsons resign from the Board immediately. Mr. Parsons did not respond to that request or to the Committee's letter.
Subsequently, on October 27, 2022, Mr. Parsons delivered a letter of resignation. As indicated in the letter,Mr. Parsons stated that he is resigning because he disagrees with the course of management of the Company and his beliefs regarding actions that should be taken in relation thereto.