On September 16, 2015, Charles Trego, the Chief Financial Officer of Axion Power International Inc. gave notice that he shall resign from that position, effective as of October 2, 2015. Mr. Trego's resignation is solely due to family medical reasons which will not afford him the time to function full time CFO. Mr. Trego will continue to serve on the company's Board and will consult with Donald Farley, the Chairman, on an as needed part time basis.

On September 16, 2015, the Board of Directors appointed current controller, Danielle Baker, as Interim Chief Accounting Officer, effective October 2, 2015, to serve until such time as the has the resources to retain a full time Chief Financial Officer.