Telenav, Inc. announced that it reached an agreement with Nokomis Capital pursuant to which the Board will appoint Wes Cummins of Nokomis to its Board of Directors. In connection with the agreement, Richard Todaro will resign from Telenav's Board of Directors. Telenav and Nokomis also agreed to search for an additional independent director and to the extent that such independent director is not identified by January 30, 2017, Brett Hendrickson of Nokomis will be appointed as a Class II director until such time as an independent director is identified. Mr. Cummins will join the Board as a Class I director, with a term expiring at the 2016 Annual Meeting of Stockholders and the Telenav Board will renominate Mr. Cummins for a new term at the 2016 Annual Meeting of Stockholders.