On May 15, 2019, Jay Oliphant resigned as the Ecoark Holdings, Inc.’s Principal Financial Officer and Controller. Pursuant to a Separation Agreement with the company, Mr. Oliphant received his normal monthly salary through May 15, 2019. Brad Hoagland was appointed as the Principal Financial Officer to replace Mr. Oliphant. Mr. Hoagland has served as the Managing Member of Trend Discovery Capital Management, an investment fund, since 2011.