Effective as of August 30, 2022, Thomas McNeill, Executive Vice President, Secretary and Treasurer of CVD Equipment Corporation, resigned from all positions with the Company. Mr. McNeill's resignation is not the result of any dispute or disagreement with the Company, including any matters relating to the Company's accounting practices or financial reporting. In connection with Mr. McNeill's resignation, the Company and Mr. McNeill entered into a Separation Agreement and General Release, dated as of August 31, 2022 (the “Separation Agreement”).

On August 30, 2022, the Board of Directors appointed Richard Catalano as Secretary and Treasurer of the Company, effective as of August 30, 2022. Mr. Catalano, age 62, is an experienced senior-level accounting professional who began his career at KPMG LLP in 1982. Throughout his 37 years as an audit professional, Mr. Catalano has advised a diverse array of clients through private equity financed transactions, M&A related accounting, and filings with the U.S. Securities and Exchange Commission.

Towards the later part of his tenure, Mr. Catalano served as the leader of KPMG LLP's Metro New York Healthcare and Life Sciences Practice and then co-led KPMG Global Audit Methodology Group. Mr. Catalano is a Certified Public Accountant licensed to practice in the State of New York. Mr. Catalano holds a bachelor's degree in Business Administration in Accounting from Hofstra University.