On February 13, 2018, C. Sean Closkey submitted his resignation from Escalon Medical Corp.'s board of directors and board of directors accepted his resignation. To the knowledge of executive officers, C. Sean Closkey had no disagreement with the company on any matter relating to operations, policies or practices. On February 13, 2018, the company board appointed David J. Jacovini, as a Class III director, filling the vacancy resulting from C. Sean Closkeys resignation. David J. Jacovini has led asset management firms since 2006. He was President and Founder of Innovator Management LLC, a sponsor of mutual funds and exchange traded funds, from 2011 to 2017. He served as Chief Executive Officer and portfolio manager of Academy Asset Management LLC from 2007 to 2015. Between 2007 and 2017 he held the positions of President, Treasurer, and Trustee of the Academy Funds Trust, a registered investment company. Prior to that, he worked on Wall Street as a derivatives marketer at Deutsche Bank AG and as a municipal strategist at Prudential Securities Incorporated. On February 13, 2018, board appointed John P. Dogum, as a Class II director, filling the vacancy in the Class II directors. John P. Dogum is a partner at Martin Law where he has been working since 2003. He has concentrated his practice on litigating Pennsylvania workers compensation cases since 1992.