On March 13, 2023, Steven D. Rubin notified the company of his intention to resign as a director of Non-Invasive Monitoring Systems, Inc. effective immediately. Mr. Rubin's resignation was not the result of any disagreement with the company on any matter relating to the Registrant's operations, policies or practices. (b) Effective March 13, 2023, the company appointed Jerry Jacobs as a member of the Board of Directors and the Audit Committee.

Jerry A Jacobs, aged 65, has served as the Executive VP of Investacorp Group Inc., an independent financial services firm headquartered in Miami, FL since October 2007. Prior to that, Mr. Jacobs was a Regional Director at Investacorp Inc, in Miami Lakes FL, assisting in fixed income trading and representative relations and vendor relations. Investacorp Inc, then became part of Ladenburg Thalmann in 2007.

In 2020, Ladenburg Thalmann was sold to a private equity group in a transaction valued at approximately $1.3 billion. Mr. Jacobs currently holds Securities Licenses series 7, 63, 66., as well as Florida Insurance licensed for Health, Life, and Variable Annuities. In addition, he currently holds a Florida Real Estate Sales Associate license.

Mr. Jacobs holds a BS degree from Florida State University.