Avid Technology, Inc. announced that on March 21, 2022, Garrard Brown, Vice President, Chief Accounting Officer and Principal Accounting Officer of Avid Technology, Inc. (the “Company”) tendered his resignation to accept a position with another company. Mr. Brown's resignation will be effective as of April 15, 2022 and is not the result of any dispute related to accounting policies or internal controls or any other disagreement with the Company. The Company is diligently working to identify qualified candidates to replace Mr. Brown as Chief Accounting Officer and Principal Accounting Officer.

The Company has appointed, upon the effectiveness of Mr. Brown's resignation, Kenneth Gayron, currently the Company's Executive Vice President, Chief Financial Officer, Corporate Treasurer and Principal Financial Officer to serve as the Executive Vice President, Chief Financial Officer, Chief Accounting Officer, Corporate Treasurer, Principal Financial Officer and Principal Accounting Officer. Mr. Gayron has served as the Company's Chief Financial Officer and Executive Vice President since May 31, 2018.