ISR IsoRay Inc

Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective February 12, 2019, Isoray, Inc. (the “Company”) removed William Cavanagh III from his positions as Chief Operating Officer and Chief Scientific Officer. The removal was made in conjunction with his simultaneous appointment to the position of Chief Research and Development Officer also effective on February 12, 2019.

Also effective February 12, 2019, the Company appointed Jonathan Hunt, its current Chief Financial Officer, as Co-Principal Financial Officer. Mark Austin, Controller, will remain in his position as Principal Financial Officer, now as Co-Principal Financial Officer with Mr. Hunt.

Mr. Hunt, age 52, re-joined the Company on December 3, 2018. Before then, Mr. Hunt was Chief Financial Officer at Vivid Learning Systems, an online safety training company, from 2009 to 2018, where he had a central role in its turnaround, including growing revenues and implementing financial policy and process changes that ultimately resulted in the successful sale of the business. Mr. Hunt previously served as Chief Financial Officer of the Company from 2006 to 2009. Prior to that, Mr. Hunt worked at Hypercom Corporation, a global provider of electronic payment solutions and manufacturer of credit card terminals, where he served as Assistant Corporate Controller from 2005 to 2006. Mr. Hunt holds a Bachelor of Science, Accountancy, and a Masters of Accountancy degree from Brigham Young University.

Neither the Company nor any of its subsidiaries has entered into any transactions with Mr. Hunt described in Item 404(a) of Regulation S-K. Mr. Hunt was not appointed pursuant to any arrangement or understanding between him and any other person. There are no family relationships between Mr. Hunt and any director or executive officer of the Company. Mr. Hunt will continue to serve under his Employment Agreement, dated effective December 3, 2018, described in the Form 8-K filed on December 3, 2018.