On November 9, 2016, Helios and Matheson Analytics Inc. (“HMNY”) completed the merger contemplated by its previously disclosed Agreement and Plan of Merger, among HMNY, Zone Technologies Inc. (“Zone”) and Zone Acquisition Inc., as amended by the Waiver and First Amendment to Agreement and Plan of Merger dated as of August 25, 2016 and the Acknowledgment of Satisfaction of Condition and Second Amendment to Agreement and Plan of Merger, dated as of September 21, 2016 (collectively, the “Merger Agreement”). In conjunction with the closing of the Merger, Srinivas Tanikella, Parthasarathy (Pat) Krishnan and Namakkal Sambamurthy resigned as directors and Prathap Singh, the sole remaining director, appointed Theodore Farnsworth, Carl J. Schramm, Gavriel Ralbag and Muralikrishna Gadiyaram as directors, with Mr. Farnsworth being appointed as the Chairman of the Board. Messrs. Singh, Schramm and Ralbag have been determined to be independent directors under NASDAQ’s rules and have been appointed to the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board of Directors. Mr. Krishnan will continue as HMNY’s Chief Executive Officer and was appointed as Zone’s Chief Technology Officer.