On February 21, 2024, Ms. Cheemin Bo-Linn notified the Board of Directors of Flux Power Holdings, Inc. of her decision to not stand for re-election at the Company?s next annual meeting of shareholders, scheduled to be held on April 18, 2024. Ms. Bo-Linn will serve out the remainder of her terms, which will expire at the Annual Meeting. Ms. Bo-Linn?s decision to not stand for re-election was not the result of any disagreement with the Company or its management on any matter relating to the Company?s operations, policies or practices.

As a show of appreciation for Ms. Bo-Linn?s services as a director to the Company, the Board approved to accelerate the vesting of 18,561 unvested restricted stock units, effective as of date of the Annual Meeting.