NETWORK-1 TECHNOLOGIES, INC. : Change in Directors or Principal Officers (form 8-K)

About this update from Network-1 Technologies, Inc.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Effective December 21, 2022 , the Board of Directors of Network-1 Technologies, Inc. (the "Company") elected Robert Mahan as the Company's new Chief Financial Officer following David Kahn's retirement. Mr. Mahan will provide services to the Company on a consulting basis and will be compensated at the rate of $175,000 per annum. Robert Mahan's background is as follows: Robert M. Mahan , CPA, age 56, currently serves as President of Management and Financial Services, Inc. , a consulting firm that he founded in 2011 which provides general management, financial and operations consulting services to private and public companies. From May 2021 to February 2022 , Mr. Mahan served as Interim Chief Financial Officer of Loft Orbital Solutions, Inc. , a space infrastructure company that designs, launches and operates low earth orbit satellites. From April 2019 to May 2021 , he served as the Interim Chief Financial Officer of XWELL, Inc. , formerly XpresSpa Group, Inc., (NASDAQ: XWEL), a global health and wellness holding company operating XpresCheck®, XpresSpa®, and Treat™ locations in airports. From November 2016 through April 2019 , Mr. Mahan served as the Chief Financial Officer of SkyBell Technologies, Inc. , a company engaged in the video doorbell and smart home industry. Mr. Mahan began his career in the audit practice of PricewaterhouseCoopers from 1989 through 1992 and as a Controller/Division Chief Financial Officer of Tommy Hilfiger USA, Inc. from 1992 - 2001. -2- © Edgar Online, source Glimpses

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