On November 4, 2023, Jim Fusaro resigned as a member of the board of directors of Meta Materials Inc., effective immediately. Mr. Fusaro resigned due to unexpected health issues and is not the result of any disagreement with the company related to the company?s operations, policies or practices. On November 5, 2023, the board promoted Uzi Sasson to CEO of the Company to replace Mr. Fusaro.

In connection with the promotion, Mr. Sasson will no longer serve as Chief Financial Officer (CFO) and Chief Operating Officer of the company. Mr. Sasson, age 61, has served as its CFO and Chief Operating Officer since April 2023. From January 2022 to March 2023, Mr. Sasson held the position of CFO of Katena Computing Technologies Inc. From August 2019 to August 2021, Mr. Sasson was employed as Executive Vice President and CFO of Eat Just Inc. From November 2004 through August 2019, Mr. Sasson was CFO and Secretary, COO, Director and President and CEO of IXYS Corporation.

Prior to joining IXYS Corporation, Mr. Sasson worked in tax, accounting and finance for technology and accounting firms. Mr. Sasson currently serves on the board of directors of VTool Ltd. and on the board of trustees of World Affairs Council, where he also serves as chair of the audit committee. On November 5, 2023, the Board promoted Ahmed Shebl to chief accounting officer of the company. Mr. Shebl, age 35, has served as its Vice President of Finance since 2021.

He is an experienced financial executive and Certified Public Accountant and Certified Management Accountant. Prior to joining the Company, he worked with Loblaw Companies Ltd. as Manager, Finance from July 2019 to November 2020, and in various roles with PricewaterhouseCoopers (PwC) from 2012 to 2019, where his focus was on auditing companies in both the public and private sectors.