On April 27, 2017, the Compensation Committee of the Board of Directors of ProPhase Labs, Inc. (the Company), after consulting with its compensation consultant, granted a discretionary cash bonus of $650,000 to Ted Karkus, the Company's Chairman and Chief Executive Officer, in recognition of his efforts related to the sale of substantially all of the Companys assets, comprised of the intellectual property and other assets related to the Companys Cold-EEZE
brand and product line, to Mylan N.V.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ProPhase Labs, Inc.
/s/ Ted Karkus
Chairman of the Board, Chief Executive Officer and Director
Date: May 3, 2017
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