CUI Global Board of Directors, at its December 1, 2017 annual meeting, appointed C. Stephen Cochennet to fill a director vacancy on the board of directors. Mr. Cochennet will be an independent director within the meaning of Rule 5605(a)(2) of the NASDAQ Stock Market and, as such, will serve as the fourth independent director on the nominating committee along with Messrs. Rooney, Price and Lambrecht. Mr. Cochennet shall hold office as an appointee until the 2018 Annual Meeting of Stockholders. C. Stephen Cochennet has served as CEO/President, of Kansas Resource Development Company, a private oil and gas exploration company since 2011. From 2011 through 2015 he was also the CEO and president of Guardian 8 Corporation.