On August 7, 2016, the employment of Richard Hersperger, Chief Executive Officer of Authentidate Holding Corp. terminated. Mr. Hersperger will remain a member of the board of directors of the company. Hanif (Sonny) Roshan, the Company's current Chairman, assumed the position of Chief Executive Officer on August 7, 2016. Mr. Roshan's compensation will remain the same at this time.