National Holdings Corporation (“National” or the “Company”) announced changes to its Board of Directors with the appointment of two new independent Directors and the resignation of two existing members, including the following: Barbara Creagh joins as a Board Member of National; Jeffrey J. Gary joins as a Board Member as well as Chair of the Audit Committee of National; Neil Herskowitz has resigned his position as Board Member and Chair of the Audit Committee of National; and Eli Salig has resigned his position as Board Member and Audit Committee Member of National. Barbara currently serves as Chief Talent Officer at Greenwich Associates. Prior to joining Greenwich Associates in 2013, Barbara held the position of SVP of Talent for MDC Partners. Jeffrey (Jeff) J. Gary, CPA, joins National as Chair of the Audit Committee as well as a Board Member. Jeff has worked in the financial services industry for over 30 years. Currently he serves on the Board of Directors for the Axonic Alternative Income Fund and is the Chairman of the Valuation Committee and a member of the Audit Committee.