On August 2, 2016, the Board of Directors of DGSE Companies Inc. elected Bill LeRoy as a member of the Board of Directors, to be effective immediately following the resignation of Nabil J. Lopez from the Board of Directors. Mr. Lopez notified DGSE by letter dated July 28, 2016, of his intent to resign from the Board, as well as his positions as Chief Financial Officer and Secretary, effective as of the end of the day on August 15, 2016. Mr. LeRoy, is currently the Chief Executive Officer of Elemetal, LLC.

Mr. LeRoy has worked his entire professional career in the precious metals industry including sales and management positions in the electroplating and capital equipment industries.