VIRNETX HOLDING CORP FILES (8-K) Disclosing Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers VirnetX Holding Corporation (the "Company") announces that William E. Sliney, the Company's Chief Financial Officer, retired effective March 31, 2012 at age 73.

The Board thanks Bill for his years of valuable service to the Company, including as a former Board Chairman, Secretary, Director, and President, and his role in helping to build the Company.

The Company also announces that on April 5, 2012, Richard H. Nance would become the Company's Chief Financial Officer, assuming the principal financial and accounting officer functions. In connection with the appointment of Mr. Nance, the Company and Mr. Nance have entered into an offer letter. The offer letter provides for part-time employment at an annual salary of $60,000 and the grant of an option to purchase up to 50,000 shares under the Company's 2007 Stock Plan.

From 2002 to 2011, Mr. Nance, age 63, worked for Strasbaugh, a designer of precision surfacing systems and solutions for the global semiconductor and semiconductor equipment, silicon wafer and silicon wafer equipment, data storage, micro-electromechanical system ("MEMS"), light emitting diode ("LED") and precision optics markets, serving most recently as its Executive Vice President and Chief Financial Officer. From 2011 to present, Mr. Nance has served clients in his private practice.

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