On December 14, 2017, NeoPhotonics Corporation and Benjamin L. Sitler, mutually agreed that Mr. Sitler would resign from his role as Senior Vice President of Global Sales of the company, effective as of February 28, 2018 in order to pursue other opportunities. Mr. Sitler’s transition is not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices. Mr. Sitler is expected continue to serve in his position through February 28, 2018. In connection with his transition, Mr. Sitler entered into a separation agreement with the company on December 20, 2017. Under the separation agreement, Mr. Sitler will continue his current compensation arrangements and benefit plan eligibility with the company through February 28, 2018.