On September 21, 2017, the board of directors of Ecoark Holdings, Inc. appointed Randy May as the company's Chief Executive Officer, effective on October 1, 2017. Mr. May is currently the Chairman of the Board, and previously served as the company's Chief Executive Officer. Upon effectiveness of Mr. May's appointment as Chief Executive Officer, Jay Puchir, who is currently serving as the company's President and Chief Executive Officer, will become the company's Chief Financial Officer and Treasurer and cease serving as President and Chief Executive Officer.

Mr. Puchir, 41, previously served as the company's Treasurer, Secretary, and Director of Finance. On September 25, 2017, the Board appointed Peter Mehring as the company's President, effective October 1, 2017. Mr. Mehring is a member of the board and currently serves as Chief Executive Officer and President of Zest Labs, Inc., a subsidiary of the Company, and has served in that role since July 2009.

Also on September 25, 2017, Charles Rateliff notified the company that he will voluntarily relinquish his positions as Chief Financial Officer and Treasurer, and as a member of the board, effective October 1, 2017. Following his departure, Mr. Rateliff will continue as an advisor to the company. Mr. Rateliff's decision to relinquish his positions was not due to any disagreement with the company on any matter relating to the company's operations, policies or practices.