On July 5, 2016, Mr. Daniel J. Schreiber resigned his position as the Chief Executive Officer of RedHawk Holdings Corp. in order to devote more time to his position as Chief Executive Officer of Avior Capital, LLC. Upon receipt of Mr. Schreiber's resignation, the company's board of directors appointed Thomas J. Concannon to replace Mr. Schreiber as the company's Chief Executive Officer effective immediately. Prior to Mr. Concannon's appointment as Chief Executive Officer, he joined RedHawk on February 1, 2016 as its Executive Vice President and Chief Operating Officer and a member of the company's board of directors. Mr. Concannon has over 25 years of industry experience and has worked as a financial consultant in private industry since 2013. Between 2010 and 2013, Mr. Concannon was the Senior Vice President and Secretary for Wolfpack Energy Services, LLC.