Finisar Corporation announced that in connection with the consummation of the Merger and pursuant to the terms of the Merger Agreement, all of the members of the Board of Directors of the Company immediately prior to the Effective Time ceased to be directors of the Company at the Effective Time. Pursuant to the terms of the Merger Agreement, the directors of Merger Sub immediately prior to the Effective Time became the directors of the Company at the Effective Time. As of the Effective Time, the sole director of the Company is Mary Jane Raymond.

Following the Effective Time, the Board of Directors of the Company appointed Walter R. Bashaw II as the President, principal executive officer and principal operating officer of the Company, and Mary Jane Raymond as the Vice President and Treasurer, the principal financial officer and the principal accounting officer of the Company.