VerifyMe Announces Changes to Board of Directors

VerifyMe Announces Changes to Board of Directors-01

VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), providing brand owners authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced changes to its Board of Directors.

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Scott Greenberg has been appointed Executive Chairman of the Board, as he takes a more active role focusing on strategic growth initiatives including mergers and acquisitions with executive management of the company. As a result, effective immediately, Mr. Greenberg ceased to be an independent director and stepped down as chair of the Board’s audit committee and a member of the Compensation Committee. Marshall Geller has been appointed to serve as non-Executive Vice Chairman of the Board.

Our new Board member, Adam Stedham is an independent director and replaces Mr. Greenberg as chair of the audit committee and as a member of the compensation committee.

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