On January 18, 2024, Pamela J. Parizek, a director of Bright Mountain Media, Inc. notified the Company that she was resigning from the board of directors, effective immediately. At the time of her resignation, Ms. Parizek was also the Chair of the Company?s audit committee. Ms. Parizek?s resignation was prompted by a disagreement as to how to handle a matter with the Company?s lender.

Over the course of several conversations and meetings, Management of the Company and the Board discussed the matter with the Company?s internal counsel and outside counsel. Pursuant to its standard procedures, outside SEC counsel recommended to the Board that the Company pursue the course of action that ultimately prevailed, supported by a four to one vote by the Board of Directors.