National Holdings Corporation announced that the Board of Directors meeting held on September 21, 2016, the Board elected Michael Weiss as Chairman of the Board and elected Robert B. Fagenson, previously Chairman of the Board, as Vice Chairman of the Board. Mr. Fagenson will serve as Vice Chairman of the Board and President and Chief Executive Officer of the company. Also on September 21, 2016, the Board approved the appointment of Glenn C. Worman as the Chief Financial Officer of the Company, to be effective October 10, 2016.

Mr. Worman currently serves as the Executive Vice President - Finance of the company. Alan B. Levin, the present Chief Financial Officer of the company, resigned on September 26, 2016, effective October 10, 2016. Also on September 21, 2016, Mark Goldwasser voluntarily resigned as a Director of the company.