On December 31, 2017, Concurrent Computer Corporation and Derek Elder entered into a Separation and Consulting Agreement and General Release of Claims, whereby Mr. Elder's role as president and chief executive officer of the company will terminate and he will cease to be a member of the company's board of directors and all committees thereof, effective on December 31, 2017. On January 1, 2018, Robert Pons tendered his resignation from the Board and all Board committees thereof, effective January 1, 2018.