On March 2, 2016, Robin Stracey, the Chief Executive Officer of Cesca Therapeutics Inc. was appointed by the company's Board of Directors to the additional office of President of the company effective as of March 2, 2016. In connection with Mr. Stracey's appointment, Mr. Stracey will continue to serve as a member of the company's Board of Directors, will maintain his position as Chief Executive Officer and will maintain his current salary and compensation arrangements.