On October 7, 2019, Xtant Medical Holdings, Inc. announced that its Board of Directors elected Sean E. Browne as President and Chief Executive Officer, effective immediately. Prior to joining the Company, Mr. Browne served as Chief Revenue Officer of CCS Medical, Inc. It is anticipated that the Board will elect Mr. Browne as a member of the Board, effective immediately after completion of the Company's upcoming annual meeting of stockholders scheduled for October 30, 2019. Greg Jensen, the Company's current Vice President, Finance and Chief Financial Officer, who assumed the responsibilities of the Company's principal executive officer position upon the resignation of Michael Mainelli on March 18, 2019, transferred his principal executive officer responsibilities to Mr. Browne effective October 7, 2019.

Mr. Jensen continue to serve as Vice President, Finance and Chief Financial Officer and the Company's principal financial and accounting officer.