On July 31, 2012, Edward L. Pagano resigned as Chief Executive Officer of ENGlobal Corp., effective immediately. Mr. William A. Coskey, P.E., Founder and Chairman of the Board, has been elected as President and Chief Executive Officer, effective immediately. Mr. Pagano will be available in a consulting capacity through the remainder of 2012 to ensure a smooth and seamless leadership transition. Mr. Coskey, 59, co-founded ENGlobal in 1985 and has served in various leadership roles since that time, including Chairman of the Board, President, Chief Executive Officer, and Chief Operating Officer.