Following Mr. Mendelson's passing, Eric A. Mendelson and Victor H. Mendelson, the Company's Co-Vice Chairmen and Co-Chief Executive Officers were named Co-Chairmen of the Company's Board of Directors, in accord with HEICO's long-existing succession plans approved by the Company's Board of Directors. They remain the Company's Co-Chief Executive Officers. The Company further stated that it does not anticipate any changes to HEICO's business or operations as a result of Mr. Mendelson's passing.