nLIGHT, Inc. announced on January 18, 2022, Ran Bareket notified of his decision to retire from nLIGHT and resign from his positions as Chief Financial Officer, principal financial officer and principal accounting officer of the Company and from all of his positions at the Company's subsidiaries, effective as of March 1, 2022, which is after the Company's expected filing date for its Annual Report on Form 10-K for the fiscal year ending December 31, 2021. On January 18, 2022, the board of directors of the Company (the “Board”) appointed Joseph Corso as Chief Financial Officer and principal financial officer of the Company, effective as of March 1, 2022. Since joining the Company in August 2020, Mr. Corso, 41, has served as the company's Vice President of Corporate Development and Investor Relations, and he will continue in these roles through February 28, 2022.

Prior to joining the Company, Mr. Corso served in various roles at Stifel Financial Corp. from July 2010 to August 2020, most recently as Global Co-Head of Electronics and Industrial Technology. From May 2004 through July 2010, Mr. Corso worked at Thomas Weisel Partners, which was acquired by Stifel in 2010, in a variety of roles.

On January 18, 2022, the Board appointed James Nias as Chief Accounting Officer and principal accounting officer of the Company, effective as of March 1, 2022. Since joining the Company in April 2019, Mr. Nias, 50, has served as the Company's Vice President and Corporate Controller. Mr. Nias previously served as the Corporate Controller of FormFactor, Inc., a leading provider of test and measurement technologies, from June 2016 to April 2019, following its acquisition of Cascade Microtech, Inc. in June 2016, where Mr. Nias had served as the Corporate Controller since 2008 and Treasurer since 2015.

Prior to joining Cascade Microtech, Mr. Nias served a wide range of technology and manufacturing clients in the Audit and Advisory practices of KPMG LLP from 1994 to 2008.