On October 1, 2018, William J. Foote who has served as the Chief Financial Officer, Chief Accounting Officer, Secretary and Treasurer of Inrad Optics, Inc., was appointed as Executive Vice President of the company. He will continue to serve as Chief Accounting Officer. Also on October 1, 2018, Elias Kabous, age 62, who has served as the company's Controller since joining the Company on June 12, 2017 was appointed as Interim Chief Financial Officer, Secretary and Treasurer of the Company, replacing Mr. Foote in those positions.

Prior to joining Inrad Optics, Inc., Mr. Kabous worked with Cine Magnetics Inc. from March 2009 until June 2017. It is anticipated that Mr. Foote will retire from the Company in early 2019 but will continue to serve as a Director of the Company. The appointment of Mr. Kabous is part of that transition process.