On May 16, 2017, the Board of Directors of National Holdings Corporation appointed Michael E. Singer to the Board. Mr. Singer will serve as a Class I director until his term expires at the 2017 annual meeting of stockholders, at which time he will stand for election by the Company's stockholders. Mr. Singer was not named to a sub-committee of the Board. Mr. Singer most recently served as CEO and President of Ramius, a $13 billion (peak) alternative investment advisory platform. As CEO of Ramius, Mr. Singer directed strategy and execution of the firm's business plan. Ramius partners with emerging alternative investment teams to provide seed and working capital, institutional infrastructure and sales, marketing and business guidance.