Optex Systems Holdings Inc. announced that on December 31, 2012, Ronald F. Richards resigned as a director and chairman of the board. On January 3, 2013, at a special meeting of the board of directors of the company elected Merrick Okamoto as chairman of the board. Additionally, the board of directors unanimously voted to election of Danny Schoening as Chief Executive Officer and Director of the company to fill the vacancy created by Mr. Richards' resignation.