On August 20, 2012, the Board of Directors of LRAD Corporation (the "Company") increased the size of the Board of Directors to five Directors and appointed George William VanDeWeghe, Jr., as a Director of the Company to fill the vacancy created thereby.

George William "Bill" VanDeWeghe, Jr., age 51, serves as Managing Director of RA Capital Advisors LLC. Mr. VanDeWeghe joined RA Capital Advisors in January 2006. Mr. VanDeWeghe heads RA Capital's defense industry team developing strategies for clients and executing all facets of M&A transactions and financings. Also, since February 2010, he has served as a senior strategic advisor and independent consultant for McKenna Long & Aldridge LP's (MLA) San Diego office. In this capacity, Mr. VanDeWeghe advises and assists companies with corporate matters, business disputes, government contracting and political issues. He also serves as an advisor to BrightScope, Inc., Redhorse Corporation, Project Resources Inc., and ODME Solutions, LLC. Mr. VanDeWeghe was previously a shareholder with the law firm, Klinedinst PC. During the 15 years that he practiced law at Klinedinst PC, he worked with a broad variety of corporations throughout southern California, advising executives and business leaders on numerous issues involving their companies. He served as an artillery officer on active duty in the Army from 1983 to 1987, followed by a position commanding a firing battery in the Virginia National Guard. Mr. VanDeWeghe earned his bachelor's degree at Princeton University, and his law degree at the Marshall-Wythe School of Law at the College of William and Mary.

In addition to his appointment to the Board of the Directors, Mr. VanDeWeghe has been named to the Compensation Committee of the Board of Directors.

There is no arrangement or understanding between the Company and Mr. VanDeWeghe and/or any other persons or entities pursuant to which he was appointed as a director.

Since the beginning of the Company's current 2012 fiscal year, neither Mr. VanDeWeghe nor any immediate family member has been a party to any transaction or currently proposed transaction that is reportable under Item 404(a) of Regulation S-K.

Upon his appointment, Mr. VanDeWeghe received a non-statutory stock option to purchase 50,000 shares of common stock under the Company's 2005 Equity Incentive Plan. This option has an exercise price per share equal to the closing price of the Company's common stock on the date of appointment. The option will have a ten year life subject to continuing service to our company. The option will become exercisable, subject to continuing service as a Director, with respect to 12,500 shares on the one-year anniversary of the date of grant and with respect to an additional 3,125 shares quarterly thereafter, such that the option will be fully vested on the fourth anniversary of the date of grant. Mr. VanDeWeghe will also participate in the Company's standard outside director compensation plan.