On October 3, 2012, Gary Binkoski announced his resignation as Chief Financial Officer and Treasurer of Trinity Place Holdings Inc., effective October 11, 2012. Also on October 3, 2012, Josephine Geiger announced her resignation as Chief Accounting Officer of the company, effective October 11, 2012. Both resignations were part of the management transition arising out of Syms Corp.'s emergence from bankruptcy and its merger with the company.

On October 10, 2012, the Board of Directors of the company approved the nomination of Richard G. Pyontek to serve as Chief Financial Officer, Chief Accounting Officer and Treasurer of the company, effective October 12, 2012. Mr. Pyontek, 44, has served as Director of Accounting and Reporting for the company since its merger with Syms Corp. on September 14, 2012, having held the same role at Syms Corp.

since July 2011. Before joining Syms Corp., Mr. Pyontek served as Director of Accounting and Reporting at Ashley Stewart Inc. from 2009 to 2011.