On August 4, 2016, the Board of Directors of Ubiquiti Networks, Inc. appointed Michael E. Hurlston to the Board effective August 4, 2016. Mr. Hurlston was appointed as a Class I member of the Board and is expected to serve as a member of the Audit Committee and Nominating and Governance Committee, and as the chairman of the Compensation Committee. Mr. Hurlston is Senior Vice President and General Manager, Wireless Communications and Connectivity Division at Broadcom Limited.