On March 24, 2014, Glenn A. Garland, a member of the Board of Directors of Telkonet, Inc. and the Chairman of the Compensation Committee of the Board of Directors, notified the company of his intention to resign from the Board effective April 1, 2014. The resignation is not due to any disagreement with the company. On March 24, 2014, the Board of Directors of the company appointed Jeffrey P. Andrews and Kellogg L. Warner to the company's Board of Directors effective April 1, 2014.

Mr. Andrews was also appointed Chairman of the company's Compensation Committee, while Mr. Warner was appointed Chairman of the newly-formed Strategic Planning Committee. Mr. Andrews, 47, is currently a member of the executive leadership team of GSF/KanPak, LLC. Mr. Warner, 58, is currently the President of Deerpath Associates.