On May 31, 2021, the Board of Directors of Emerson Radio Corp. received notice from Mr. Duncan Hon of his intention to retire and resign, effective as of June 30, 2021, from the Board and from his positions as Chief Executive Officer and President of the Company and all roles with the Company's subsidiaries. On June 2, 2021, the Board appointed Mr. Christopher Ho, currently the Chairman of the Board, to serve as the Company's Chief Executive Officer and President, effective upon Mr. Hon's resignation. Mr. Ho, age 70, has served as a director of the Company and the Chairman of the Board since June 2016, and previously served as the Company's Chairman of the Board from July 2006 through November 2013.