On January 21, 2022, the Board of Directors of Intrusion Inc. appointed Mr. Anthony Scott, the Company's current President and Chief Executive Officer, to fill one of the vacant seats on the Board, to serve until the election of directors at the Company's upcoming annual meeting of stockholders. At the date of this filing, Mr. Scott has not been appointed to serve on any of the Board's committees. The Board previously approved an executive compensation package for Mr. Scott in his capacity as an officer, that was memorialized in an Executive Employment Agreement, dated November 11, 2021.

The material terms of this Employment Agreement are as follows: a $425,000 annual cash salary; a one time restricted stock award equivalent to $75,000 of common stock based on the closing price on November 15, 2021; the ability to earn up to two times his annual salary (in cash or a combination of cash and stock option awards) under the terms of the Company's existing executive incentive based bonus plan; the ability to participate in the Company's long-term incentive plan; as well as other reasonable and customary benefits provided by the Company. In addition, the Employment Agreement provides that the Board will nominate Mr. Scott for a seat on the Board, such nomination to be approved by the Company's stockholders at the Company's next annual meeting.