On January 3, 2014, Donald S. Doody voluntarily resigned from his position as Executive Vice President of IEC Electronics Corp. His resignation will be effective January 10, 2014. Mr. Doody and the company have agreed that Mr. Doody will provide the company with consulting services, as requested by the company on an hourly basis, for up to six months following his resignation, pursuant to a Resignation from Employment and Consulting Agreement dated January 9, 2014.