CARLSBAD, Calif.—Effective Aug.14, 2015, Michael Marckx, CEO of Spy Optics since December 2011, has stepped down as a director and chief executive officer of the company. To assist in a smooth transition, Marckx has entered into a Separation and Consulting Agreement continuing his employment with Spy until Dec. 15, 2015, serving as an advisor to Seth Hamot, the chairman of the board of directors, who is serving as the company's interim CEO.

Beginning Jan. 1, 2016 through Dec. 31, 2016, Marckx will then serve as a consultant to the company. As a consultant, his duties may include; consult with and advise the company with respect to the transition of the CEO duties and responsibilities; consult with and advise the company with respect to the company’s ongoing operations; and work on special assignments relating to certain marketing activities assigned by the chairman or his designee.

While serving as interim CEO, Hamot will also be leading the search for a new CEO.