On November 6, 2014, the executive management and Board of Directors of usell.com, Inc. effected a number of changes to its management team and Board: Mr. Daniel Brauser was appointed as Executive Chairman; Mr. Nikhil Raman was appointed as Chief Executive Officer (to replace Mr. Brauser); and Mr. Michael Brauser resigned as Chairman of the Board and as a director. Additionally, on November 4, 2014, Brett Cravatt resigned as a director. Mr. Raman was appointed as Chief Operating Officer on January 27, 2012 and a director on April 24, 2012.