Franklin Wireless Corp. announced on September 30th, 2022, David Brown resigned as acting Chief Financial Officer of the Company to pursue other opportunities. Mr. Brown's resignation was not the result of any disagreement with respect to the Company's operations, policies, or practices.

The Board of Directors has appointed Bill Bauer to serve as the Interim Chief Financial Officer while the Company searches for a replacement for Mr. Brown. Bill has served as General Counsel and Director of Strategic planning for the Company since January 2020. Prior to joining Franklin, Bill served as in-house legal counsel and senior finance executive across various industries in California and Texas.

Bill has over 15 years of experience in finance and executive management. Bill also holds a Master's degree in Business Administration from San Diego State University and a Juris Doctorate from California Western School of Law. Bill is also a member of both the California and Texas State Bars.