Aeolus Pharmaceuticals Inc. announced that on May 8, 2013, each of Joseph J. Krivulka, Michael E. Lewis, Ph.D. and Peter D. Suzdak, Ph.D. notified the company of his resignation from the Board of Directors of Aeolus and from all committee memberships, as applicable. The decision of each of Mr. Krivulka, Dr. Lewis and Dr. Suzdak to resign from the Board was not due to any disagreement with Aeolus on any matter relating to Aeolus' operations, policies or practices. Concurrently with the resignations of Mr. Krivulka, Dr. Lewis and Dr. Suzdak from the Board, the Board appointed John Clerici, Mitchell D. Kaye and Jeffrey A. Scott, M.D. to serve as directors of the Board, effective May 8, 2013.

Each of Mr. Clerici, Mr. Kaye and Dr. Scott will serve until such time as his respective successor is duly elected and qualified or until his earlier resignation or removal. John M. Clerici is a founding Principal of Tiber Creek Partners, LLC. Mitchell D. Kaye, J.D. is the Founder of MedClaims Liaison, LLC.

Jeffrey A. Scott, M.D. currently is General Manager/Senior Vice President for P4 Healthcare.