On July 17, 2015, the Board of Directors of Sibling Group Holdings, Inc. appointed Julie Young as the company's Chief Executive Officer, effective July 20, 2015. Ms. Young will serve as the company's principal executive officer in this position. Ms. Young, 55, served as the founding President and Chief Executive Officer of Florida Virtual School from its inception in 1997 until her retirement in March 2014.

Under her leadership, the organization grew into a diversified, worldwide organization serving students in 50 states and 68 countries worldwide. Ms. Young currently serves on the board, advisory board or council of several non-profit, civic and other organizations, including the International North America Council for Online Learning, United States Distance Learning Association, Western Governors University, YMCA, GoGo Labs and DreamBox Learning. Also on July 17, 2015, the Board appointed David Saba as the company's Chief Operating Officer, effective July 20, 2015.

Mr. Saba will serve as the company's principal operating officer in this position and will no longer serve as the President of the company. As Chief Operating Officer, Mr. Saba will receive an annual salary of $175,000 and will be eligible to participate in the company's health and other benefit plans on the same terms and conditions as the company's other employees. Prior to this appointment, Mr. Saba served as the company's principal executive officer since May 13, 2015.

Saba, age 54, served as President and a member of the company's Board since February 1, 2014, concurrent with the company's acquisition of the assets of DWSaba Consulting LLC (DWSaba Consulting).