On March 1, 2018 David S. Collins resigned from his position as Senior Vice President, Treasurer and Chief Financial Officer of Fuel Tech, Inc. for health reasons. Mr. Collins will continue with the Company in a part-time capacity in the role of Senior Financial Advisor. In anticipation of Mr. Collin’s resignation, on February 26, 2018 the Board of Directors of the company appointed James M. Pach, age 37, as Vice President, Treasurer and Controller of the Company, in which capacity Mr. Pach will serve as the company’s Principal Financial Officer.