On October 28, 2013, Jack H. Jacobs resigned from the Board of Directors of SED International Holdings, Inc., effective immediately. On October 30, 2013, Arnold Kezsbom was appointed to the Board of Directors of the company. The Board has determined Mr. Kezsbom to be an independent director, and he will serve as a member of the Audit Committee and the Compensation Committee and as the Chair of the Nominating and Corporate Governance Committee.