On September 11, 2013, Rand Worldwide, Inc. terminated its employment relationship with Mr. Robert Heeg, its Executive Vice President. On September 12, 2013, the Board of Directors of the Company elected Lawrence Rychlak to serve on the company's Board of Directors until the next annual meeting of stockholders and until his successor is duly elected and qualifies. Mr. Rychlak is the President and Chief Financial Officer of the company.