The Board of Directors of Steadymed Ltd (NASDAQ:STDY) approved the Eleventh Amended and Restated Articles of Association, subject to approval by the Company’s shareholders at the Company’s 2016 Annual Meeting of Shareholders on October 5, 2016 (the “Annual Meeting”). In the Eleventh Amended and Restated Articles of Association the requirement to maintain two external directors outside of the staggered director classes has been removed in light of recent changes under Israeli Companies Law, 5759-1999 and its regulations. The Company’s stockholders approved the Eleventh Amended and Restated Articles of Association at the Annual Meeting and the Eleventh Amended and Restated Articles of Association became effective on that date.