On July 22, 2014, Joseph P. Bartlett resigned as a member of Board of Directors of ThermoEnergy Corporation. Mr. Bartlett had been a member of Board of Directors since May 2012. He previously served as a member of Board of Directors from October 2009 until December 2009.

He has served as one of the four directors elected by the holders of Series B Convertible Preferred Stock, Series B-1 Convertible Preferred Stock and Series C Convertible Preferred Stock (voting together as a single class). On August 11, 2014, the Board of Directors elected Arthur S. Reynolds as Chairman of the Board, to fill the vacancy created by the resignation of former Chief Executive Officer, James F. Wood. Mr. Reynolds will serve as a non-executive chairman and will not assume any of Mr. Wood's responsibilities as Chief Executive Officer.

Mr. Reynolds has been a member of Board of Directors since October 2008, serving as one of the three directors elected by the holders of Common Stock and Series A Convertible Preferred Stock (voting together as a single class). Mr. Reynolds has been designated by the Board of Directors as independent lead director.