NVTR Nuvectra Corporation

Appointment of Chief Executive Officer

Effective February 1, 2019, the Company appointed Dr. Parks, age 71, as the Company’s Chief Executive Officer. Dr. Parks has served on the Board as a Class I Director since March 2016. Because of his position as an executive officer of the Company, Dr. Parks will no longer be deemed an independent member of the Board and therefore will no longer serve as a member of the Board’s Compensation and Organization Committee.

Dr. Parks was previously the President and Chief Executive Officer of Analogic Corporation, a medical imaging and aviation security company, from October 2016 to June 2018. Dr. Parks was also the Chief Executive Officer of Enovate Medical from July 2015 until October 2016. Prior to joining Enovate Medical, Dr. Parks served as Chief Executive Officer of NDS Surgical Imaging, LLC from August 2011 to 2013 and Chairman and Chief Executive Officer of Urologix, Inc. from May 2003 to February 2008. Prior to joining Urologix, Dr. Parks served as President and Chief Executive Officer of Marconi Medical Systems, which is currently part of Philips Medical Systems. Dr. Parks previously served as a director of Analogic Corporation and Enovate Medical. Previously, Dr. Parks served as a director of NDS Surgical Imaging, Urologix, EG&G, Inc. (now PerkinElmer), St. Jude Medical and Steady State Imaging. Mr. Parks received a B.S. in mechanical engineering from the University of Missouri-Rolla, a M.S. in mechanical engineering from the University of Arizona and a Ph.D in mechanical engineering from the University of Missouri-Columbia. The Company intends to enter into an Executive Employment Agreement with Dr. Parks, which it is still finalizing.

Appointment of C lass III Director

Effective February 1, 2019, the Board appointed Mr. Christopher G. Chavez, age 63, as an independent member of the Board and as a member of the Board’s Compensation and Organization Committee. Mr. Chavez fills the vacancy left by Mr. Drees’ resignation as a Class III Director and the vacancy on the Compensation and Organization Committee resulting from Dr. Parks appointment as Chief Executive Officer. Mr. Chavez intends to stand for election as a Class III Director at the Company’s 2019 annual meeting of stockholders to be held later this year.

As a non-employee director of the Company, Mr. Chavez will receive compensation for his service as a member of the Board and its committees on which he serves. Mr. Chavez’ compensation is comprised of an annual cash retainer of $40,000, an additional annual retainer as a member of the Compensation and Organization Committee of $7,500 and an initial one-time grant of restricted stock equal in value to $180,000, which will vest in three equal installments over a three-year period.

Mr. Chavez has over 30 years of leadership experience in the medical device industry. He served as President, Chief Executive Officer and Chairman of TriVascular Technologies, Inc. from April 2012 through its merger with Endologix, Inc. in February 2016. Following the merger, he served as an Endologix Director from February 2016 through June 2018. Mr. Chavez also served as President of the Neuromodulation Division of St. Jude Medical Inc. (NMD) from 2005 through 2011 following the acquisition of Advanced Neuromodulation Systems Inc. (ANSI) by St. Jude Medical in 2005. Prior to that, he served as CEO, President and Director of ANSI from 1998 through 2005 and led ANSI and NMD through 14 years of profitable growth and innovation. In 1997, Mr. Chavez served as Vice President, Worldwide Marketing & Strategic Planning for the Health Imaging Division of the Eastman Kodak Company. Mr. Chavez worked his first 15 years (1981-1996) in the medical device industry at Johnson & Johnson; most recently as Vice President and General Manager of the Infection Prevention Business Unit of Johnson & Johnson Medical Inc. He served on the board of directors of Advanced Medical Optics Inc. from 2002 until it was acquired by Abbott Laboratories Inc. in 2009. He also previously served as Chairman of the Medical Device Manufacturers Association, Chairman of the Dallas/Fort Worth Health Industry Council and Director of the North Dallas Visiting Nurses Association. Mr. Chavez received his Bachelor of Accountancy from New Mexico State University and his M.B.A. from Harvard Graduate School of Business.