On March 29, 2016, each of Reuven Regev and Norman J. Rice, III, both presently a director on the board of directors of DSP Group Inc., has advised the company that each of them will not stand for re-election for an additional term as a director. Messrs. Regev and Rice will continue to be a member of the board until the 2016 annual meeting of stockholders of the company, currently set for June 6, 2016.

The board determined that instead of seeking replacements for the directors not standing for re-election, that, effective as of the date of the 2016 annual meeting, the size of the board will be reduced to seven and the company's amended and restated bylaws will be amended and restated to fix the size of the board at seven.