SURGE COMPONENTS, INC. (OTCMKTS:SPRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SURGE COMPONENTS, INC. (OTCMKTS:SPRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item 5.02.

Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On April 6, 2017, the board of directors (the
Board) of Surge Components, Inc. (the
Company) elected Peter Levy to the Board.

Mr. Levy, age 56, is a member of the law firm Mandelbaum
Salsburg. From February 2012 to September 2015, Mr. Levy served
as Chief Operating Officer, Executive Vice President and
President of MYOS RENS Technology, Inc. (NASDAQ: MYOS). From
October 2010 to January 2012, Mr. Levy served as Executive Vice
President of Empire Sports and Entertainment Company, a
promotional and entertainment firm focused on live events. From
April 2010 to October 2010, he served as head of research and
development for JMP Holdings, a real estate development firm
maintaining a portfolio of retail, entertainment, sports,
education, government projects, and residential properties. From
January 1999 until April 2010, Mr. Levy was a partner and
principal of Sobel Co., LLC, Certified Public Accountants and
Consultants, a regional CPA firm, where he was responsible for
the firm’s Sarbanes-Oxley practice, Strategic Planning, and the
Corporate Integrity Unit. From March 1989 to January 1998, Mr.
Levy worked at ATT (NYSE:T), first as a technology attorney in
the Computer Systems Business Unit, and subsequently as an
attorney and Senior Attorney in the Consumer Business Unit and
ATT EasyLink Services, ATT Internet Division. In 1992, he became
the division head of ATT Advanced Consumer Enterprises, ATT’s
strategic planning group responsible for researching and
developing new consumer services aligned with telecommunications.
From August 1985 to February 1989, he served as an attorney with
Rosenman Colin Freund Lewis and Cohen, a New York law firm. Mr.
Levy graduated from Harvard University in 1982 with honors, and
was a recipient of the John Harvard Scholarship for Academic
Distinction. Mr. Levy graduated from Cornell Law School in 1985.

There are no family relationships between Mr. Levy and any of the
Companys directors or executive officers and the Company has not
entered into any transactions with Mr. Levy that are reportable
to Item 404(a) of Regulation S-K.


About SURGE COMPONENTS, INC. (OTCMKTS:SPRS)

Surge Components, Inc. (Surge) is a supplier of electronic products and components. The Company’s products include capacitors, which are electrical energy storage devices, and discrete components, such as semiconductor rectifiers, transistors and diodes, which are single function low power semiconductor products that are packaged alone as compared to integrated circuits, such as microprocessors. The products that the Company sells are utilized in the electronic circuitry of products, including automobiles, telecomm, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. The products that the Company sells are sold to both original equipment manufacturers (OEMs) and to distributors of the lines of products it sells. Surge supplies a range of electronic components, which can be divided into approximately two categories, including capacitors and discrete components.

SURGE COMPONENTS, INC. (OTCMKTS:SPRS) Recent Trading Information

SURGE COMPONENTS, INC. (OTCMKTS:SPRS) closed its last trading session down -0.060 at 0.840 with 2,730 shares trading hands.

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