On June 17, 2016, ModusLink Global Solutions, Inc. board has appointed Warren G. Lichtenstein, 50, as Executive Chairman, effective immediately. In addition, James R. Henderson, 58, who had been appointed as the Chief Executive Officer of the company's principal operating subsidiary, ModusLink Corporation, in May 2016, was appointed Chief Executive Officer of the company, effective immediately. Also on June 17, 2016, the board appointed Louis J. Belardi, 65, as Executive Vice President and Chief Financial Officer of the company and ModusLink, effective June 27, 2016.

Joseph Sherk, who previously served as Principal Financial Officer, Principal Accounting Officer and Corporate Controller of the company, has been removed from such positions, and Alan Cormier, who previously served as the company's Senior Vice President and General Counsel, left the company, effective June 20, 2016. Louis J. Belardi served as Chief Financial Officer of SL Industries, Inc. from August 2010 through May 2016, and as SL Industries' Secretary and Treasurer from July 2010 through May 2016.