On December 5, 2022, Galen Smith, who joined Chicken Soup for the Soul Entertainment Inc. as Executive Vice Chairman following acquisition of Redbox Entertainment Inc., delivered notice to board of directors that he would be resigning that position effective January 2, 2023 in order to pursue other leadership opportunities. Mr. Smith had served as Chief Executive Officer of Redbox from 2016 until acquisition of Redbox in August 2022. From 2013 to 2016, he served as Chief Financial Officer of Outerwall, Redbox's predecessor company and a leading provider of automated retail solutions, including Redbox, Coinstar and ecoATM.

Mr. Smith was instrumental in evolving Redbox into an industry leading company with a talented management and operational team and has helped lay the foundation for combined company's continuing journey to become the foremost entertainment destination for value conscious consumers. Mr. Smith has helped lead integration of Redbox since the acquisition and has ensured the establishment of a clear path forward to best serve consumers. Through January 2, 2023, Mr. Smith will work closely with management and personnel to ensure a smooth transition of his responsibilities. Mr. Smith's duties will be assumed by Chairman and Chief Executive Officer, William J. Rouhana, Jr. The terms of Mr. Smith's departure will be governed by his existing employment agreement with company.