On March 4, 2021, the Board of Directors of LightPath Technologies, Inc. appointed Steven Eric Creviston to serve on the Board effective immediately. Mr. Creviston was appointed to fill a vacancy created by Dr. Steven Brueck’s recent retirement. Mr. Creviston will serve as a Class II director. The company expects that Mr. Creviston will be nominated for election by stockholders with other Class II directors at annual stockholders’ meeting proposed to be held in fiscal 2022. The Board evaluated Mr. Creviston’s independence in accordance with the independence standards for directors set in Rule 5605(a)(2) of the Nasdaq Listing Rules, and affirmatively determined that Mr. Creviston qualifies as an independent director. Mr. Creviston has been appointed to serve on the Compensation and Finance Committees.