On February 6, 2019, AVX Corporation appointed Dr. John Ballato to the Board of Directors of the company. This appointment fills the vacancy created by the recent retirement of Mr. Joseph Stach. Dr. Ballato has also been appointed to the company's Audit Committee and Special Advisory Committee. Effective upon appointment, Dr. Ballato became eligible to receive the standard compensation provided by the company to its other non-employee directors, as most recently disclosed in the Company's proxy statement for its 2018 annual meeting of shareholders.