On February 6, 2014, Ian Thompson, Declan Keegan and Barry Kernan resigned from the Board of Directors of CMG Holdings, Inc. Each of these three directors resigned to pursue other interests and their resignations were not the result of any disagreement with the company. On February 10, 2014, the company's Board of Directors appointed Mr. Ronald Burkhardt to fill one of the vacancies created by the resignations of Messrs. Thompson, Keegan and Kernan.

Mr. Burkhardt, age 65, is and has been the CEO and Creative Director of Burkhardt Ltd. since January 2003.