One Stop Systems appoints Michael Knowles as CEO effective June 5; new employment deals for CFO and CPO

ONE STOP SYSTEMS, INC.

David Raun stepped down as CEO and President on June 5, 2023; succeeded by Michael Knowles.
New CFO John Morrison employment: base salary $310,648, target bonus 40% of base.
New CPO Jim Ison employment: base salary $294,480, target bonus 30% of base.
Agreements have one-year initial term with auto-renewal; severance of six months' base salary plus COBRA for non-cause termination.
CEO transition consistent with prior 8-K filings; Raun's employment agreement automatically terminated.

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