Merrimac Industries Inc.

In late December 1996, Mason N. Carter was appointed President and Chief Executive Officer of Merrimac Industries. (Merrimac Announces Management Change) A board member since 1995, Mr. Carter is leading the redefining of Merrimac in terms of strategic direction, culture and operations driving towards the goal of profitable growth reversing a ten year decline in real growth. Change is well underway with reengineering initiatives implemented, a major new product development program launched, market segment focus insight and a culture that provides co-workers with recognition, reward and empowerment. The Board of Directors elected Mr. Carter Chairman in July 1997. (Merrimac Industries Elects Carter As Chairman) In July 1994, Mr. Carter joined Datatec Industries, Inc., a computer network implementation company, as President of the Product and Systems Group. Here he led the successful penetration into and growth of the indirect channel market segment. This included establishing Datatec as the first service only alliance partner of Andersen Consulting. Operationally, Mr. Carter created the value-added network configuration capability in multiple locations nationally. From 1980-1992, Mr. Carter was an executive with Metex Corp., a public corporation, and its subsidiaries. He first took over as Vice President and General Manager of the Electronic Products Division, and EMI/RFI shielding business, where he led the operational turnaround and market penetration in Europe and in the Far East. Promoted in 1982 to President of the Technical Products Division, he led the productivity improvement and cost reduction programs that allowed for the business to compete as a supplier to automotive OEMs. This, coupled with new product development programs and relationship selling, positioned this business as the dominant supplier of exhaust system and airbag components. He successfully established alliance partnerships for Pacific Rim market penetration. In 1985, Mr. Carter assumed the position of Executive Vice President of the corporation and continued to establish his expertise in business turnaround and reengineering. As President of the Dorne and Margolin subsidiary, he led the operational reengineering for the manufacture of navigation and communication antenna for military, commercial and general aviation markets greatly improving profitability and on-time delivery. With a new focus on increased share of customer, the business was postured for record growth and profit. Appointed President and Chief Executive Officer of Metex Corp. in 1987, he held this position until 1992. In 1989, Metex merged with United Capital Corp. Subsequent to the merger, Mr. Carter served on the United Capital Board of Directors until 1994. During this period, Metex set record revenue growth and profit levels. Under his direction, each of the business units developed JIT delivery capability and achieved top quality ratings from major customers. In 1992, United Capital invested in Kentile, Inc., a nationally known manufacturer of resilient flooring, which had filed for Chapter 11 Bankruptcy protection. After filing, Mr. Carter was appointed President and CEO drastically consolidating operations, implementing process controls, establishing vendor alliances and opening new channels of distribution. He led Kentile out of bankruptcy in early 1994, sixteen months after filing. He served in this position until joining Datatec Industries, Inc. as a principal. Prior to joining Metex, Mr. Carter was Vice President Sales and Marketing for Aerojet General Corporation's HR International subsidiary. During his eleven years with this $100 million manufacturer of in-process weighing systems, he successfully held positions of Director of Business Planning, Director of Aftermarket, Market Manager and Product Manager. Among his many accomplishments was the creation of a 24-hour quick response parts distribution center and the successful implementation of a broad microprocessor based product line. He initiated the first formal business planning utilizing the "product portfolio analysis" methodology he designed. He began his career in marketing and sales in 1966 with Leslie Co., a process controls manufacturer. There he supported the manufacturer's rep sales force with market analysis, creative sales tools and product line support. Overall, Mr. Carter's experience includes the following engineered technologies, products and services: * Electronic signal processing components and sub assemblies * EMI/RSI Shielding * High temperature materials * High reliability airbag components * Sealing and gasketing materials * Transformers * Navigation and communications antennas * Satellite communication antennas * Electronic locating transmitters * Process control systems * In-process weighing systems * Computer network configuration and implementation * Resilient floor covering * Aftermarket parts and service support Mr. Carter holds a B.S. Degree in Marketing from Rutgers University and a MBA from Fairleigh Dickinson University. He has testified in court as an expert in industrial sales and marketing. He has been a guest lecturer in marketing and sales for university undergraduate and graduate programs. He was an active member of the Young Presidents Organization from 1986-1996. He is currently a member of the World Presidents Organization.

Harold J. Raveche has been President of the Stevens Institute of Technology since 1988. Prior to that, he was the Dean of Rensselaer Polytechnic Institute from 1985 until 1988. He was a member of the U.S. Trade and Technology missions to Israel in 1998, Brazil in 1999 and Korea and Taiwan in 2000.

Mr. Patterson has been Vice President, Finance, Chief Financial Officer and Treasurer since joining Merrimac on December 11, 2008 and was appointed Secretary on March 18, 2009. Prior to joining Merrimac, Mr. Patterson was the Chief Financial Officer of Third Wave Business Systems from March 2008 to September 2008. From December 2000 through March 2008 Mr. Patterson served as Vice President, Chief Financial Officer and Treasurer of IFTH Acquisition Corp. (“IFTH”), formerly InfoTech USA Inc., where he also served as their Secretary from January 2006 to March 2008.

Mr. Logothetis was appointed Vice President and Chief Technology Officer in March 2002. Mr. Logothetis was appointed Vice President, Multi-Mix ® Engineering in May 1998, after rejoining Merrimac in January 1997 to serve as Director, Advanced Technology. Prior to rejoining Merrimac, he served as a director for Electromagnetic Technologies, Inc. in 1995 and became Vice President of Microwave Engineering at such corporation in 1996. From 1984 through 1994, Mr. Logothetis had various engineering positions with Merrimac including Group Manager, Engineering.

Mr. Hahn was appointed Vice President, Information Technology and Chief Information Officer in October 2000, after serving as Director, Network Services since June 1998. He served as Manager, Network Services from June 1997 to June 1998 and was Information Technology Support Specialist from December 1996 to June 1997.

Mr. Green was appointed Vice President and Chief Operating Officer on January 1, 2005. He had been Vice President and General Manager since November 2002. He was Vice President and General Manager of the RF Microwave Products Group since January 2000. He was Vice President, Sales from March 1997 to January 2000 and Vice President of Manufacturing from April 1996 to March 1997. He was a member of the Board of Directors from April 1996 to May 1997 and did not seek re-election to the Board.

Mrs. Mazza was appointed Vice President, Human Resources in December 2005, after serving as our Manager of Human Resources from September 2002 to December 2005. She joined us in May 2000, serving in various human resource capacities until September 2002. Prior to joining Merrimac, she worked for Monroe Systems for Business, a division of Litton Industries; Exxon Office Systems, a division of Exxon Corporation and did private consulting work in both profit and nonprofit capacities.

Mr. Pelenskij was appointed Vice President, Manufacturing in January 2000 after serving as our Director of Manufacturing from January 1999 to January 2000. Prior to January 1999, Mr. Pelenskij held the positions of Manager of Screened Components, RF Design Engineer, and District Sales Manager since joining us in 1993.

Mr. Skolnick was appointed Vice President, Business Development in June 2008 after serving as both Vice President and Director of Sales since joining Merrimac in September 2006. From 1997 to 2006 Mr. Skolnick held Global Account Manager and Marketing Director positions at Epcos, Inc.

Arthur A. Oliner has been Professor Emeritus of Electrophysics at Polytechnic University (formerly Polytechnic Institute of Brooklyn) since 1990. Prior to that, he was head of its Electrical Engineering Department from 1966 until 1974, and was the Director of its Microwave Research Institute from 1967 to 1982. After 1982, he returned to teaching and conducting research programs in microwave integrated circuits until his retirement in 1990. He was elected a member of the National Academy of Engineering, a Fellow of the IEEE, the AAAS, and the British IEE, and he received an honorary doctorate from the University of Rome, Italy. Dr. Oliner is the author of almost 300 published papers and three books. He has received many awards, including two gold medals, for his contributions to the microwave field. He has been an engineering consultant for such companies as IBM, Boeing, Raytheon, Hughes and Rockwell.

Joel H. Goldberg has been Chairman and Chief Executive Officer of Career Consultants, Inc., a management consulting firm, and SK Associates, an outplacement firm, located in Union, New Jersey, since 1972. Dr. Goldberg is a director of Phillips-Van Heusen Corporation, Hampshire Group, Limited, and Modell's, Inc., an advisor to the New Jersey Sports and Exposition Authority and a member of the Advisory Council for Sports Management of Seton Hall University. He is also a consultant to the New York Giants, the New Jersey Nets and the Ottawa Senators professional sports teams.

Ludwig G. Kuttner was President and Chief Executive Officer of Hampshire Group, Limited (‘‘Hampshire’’), a holding company that markets apparel for men and women, from 1979 to 1992 and from 1994 through 2006. He continues to serve as Managing Member of Hampshire Investments, Inc. and K Holdings, LLC, two investment companies. Previously, he served in various capacities in the textile industry and as an owner and developer of real property.