On May 1, 2012, the board of directors of MetaStat, Inc. appointed Warren C. Lau, the company's chief executive officer and president, to serve as the company's chief financial officer. The position of chief financial officer had been vacant since the resignation of Mr. Harvey Judkowitz on February 27, 2012. Mr. Lau, 57, has served as the company's president and chief executive officer, as well as a member of the company's board of directors, since February 27, 2012.