On September 13, 2013, The Grande Holdings Limited sent formal notice to Emerson Radio Corp of its intention to nominate 3 additional directors: Mark Manski, Terence A. Snellings, and Duncan HonFok for election as directors of the Company at the Company's 2013 annual meeting of stockholders. In addition, The Grande Holdings stated that it does not intend to solicit proxies in support of its nominations, and it has reserved the right to nominate additional directors to the Company's Board.