On June 16, 2015, the Board of Directors of SeaSpine Holdings Corporation increased the size of the Board from two to three members and elected Stuart M. Essig, Ph.D. to the Board effective immediately for a term continuing until his successor has been duly appointed and qualified. The Board determined that Dr. Essig will be an independent director within the meaning of the listing requirements of the NASDAQ. Dr. Essig was appointed to the Audit Committee of the Board and as chair of the Audit Committee.