VerifyMe, Inc. and Keith Goldstein agreed that Mr. Goldstein would resign as President and Chief Operating Officer effective, July 31, 2023. Also on July 10, 2023, the Company and Margaret Gezerlis agreed that Ms. Gezerlis would step down as Executive Vice President and continue in a strategic consulting role with the Company, effective July 31, 2023. Mr. Goldstein’s and Ms. Gezerlis’ separations were not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices, or to any issues regarding its accounting policies or practices.

  On July 13, 2023, Adam Stedham was appointed President of the Company in addition to his position as Chief Executive Officer, effective August 1, 2023. Also on July 13, 2023, Nancy Meyers, age 53, was appointed Executive Vice President, Treasurer and Corporate Secretary of the Company, effective August 1, 2023. Since joining the Company in September 2021, Ms. Meyers has served as SVP Finance and Investor Relations.

Prior to joining the Company, Ms. Meyers had several accounting and financial reporting roles at GP Strategies Corporation, ultimately serving as Manager of Financial Reporting from October 2017 until May 2021. With over 25 years in accounting and finance, Ms. Meyers has held various roles of increasing responsibility, including financial reporting, analysis, acquisitions, and compliance with the Sarbanes-Oxley Act of 2002, as amended. Ms. Meyers holds a BA in Economics and is a Charter Professional Accountant.