On April 7, 2017 Joseph Grano Jr., Chief Executive Officer of root9B Holdings, Inc. (the “Company”) informed the Board of Directors (the “Board”) of the Company that he intends to step down as Chief Executive Officer following the expiration of his current employment agreement on May 25, 2017. It is expected that Mr. Grano will continue as a director of the Company and serve as nonexecutive Chairman of the Board following his tenure as Chief Executive Officer. To succeed Mr. Grano, the Board appointed Eric Hipkins, President of root9B LLC, a wholly owned subsidiary of the Company, as Chief Executive Officer, effective May 25, 2017.

Mr. Hipkins, has served as Chief Executive Officer of root9B LLC since 2011 and a director of the Company since August 2016. Mr. Hipkins has over 25 years of experience as an accomplished cyber and intelligence professional. His experience includes numerous assignments across the Intelligence Community including senior positons within the National Security Agency, Special Programs and the Special Operations Community. Mr. Hipkins is a global war on terrorism veteran as well as serving in numerous advanced roles within the Research & Engineering, Cryptology, Intelligence-Signals Analysis and Information Operations branches of the NSA. He is recognized across the Forensic and Computer Network Operations community as a subject matter expert. Mr. Hipkins has a Masters of Arts in Computer Resources Information Management in addition to many nationally recognized technology certifications.

Mr. Hipkins currently receives an annual base salary of $350,000 and is eligible to participate in the Company’s discretionary bonus program. The Board has not yet determined the compensation and other terms of Mr. Hipkins employment following his appointment as Chief Executive Officer of the Company.

About root9B Holdings, Inc. (NASDAQ:RTNB)

root9B Holdings, Inc., formerly root9B Technologies, Inc., is engaged in providing cybersecurity, business advisory services principally in regulatory risk mitigation, and energy and controls solutions. The Company helps clients in various industries to provide cyber operations and solutions, mitigate risk, comply with regulations, and leverage and integrate technology. It operates through three segments: Cyber Solutions, IPSA International, Inc. (IPSA)/Business Advisory Solutions, and Energy and Controls Solutions. The Cyber Solutions segment provides cyber security and technology training capabilities, operational support and consulting services. The IPSA/Business Advisory Solutions segment delivers solutions in both regulatory compliance and risk mitigation. The Energy and Controls Solutions segment works with its customers to assess, design and install processes and automation. Its services include cyber operations assessments, forensics, exploitation and defense planning.

root9B Holdings, Inc. (NASDAQ:RTNB) Recent Trading Information

root9B Holdings, Inc. (NASDAQ:RTNB) closed its last trading session up +0.18 at 6.53 with 25,301 shares trading hands.