On October 9, 2015, the Board of Directors of DGSE Companies Inc. elected J. Marcus Scrudder as a member of the Board effective immediately. Mr. Scrudder was appointed by the Board to serve on the Compliance, Governance and Nominating Committee, the Compensation Committee and the Audit Committee. Mr. Scrudder is currently the President/Owner of Heartland Cabinetry and Furniture Inc. Prior to the acquisition of Heartland Cabinetry and Furniture Inc., Mr. Scrudder was Chief Financial Officer, and subsequently Chief Executive Officer, of Craftmade International Inc.