On August 14, 2014 the employment Agreement between Idle Media, Inc. and Raphael P. Haddock dated August 14, 2012 terminated pursuant to the terms of the Agreement. Mr. Haddock was formerly the Chief Operating Officer, Chief Financial Officer and a Director of the company. On August 14, 2014, Mr. Haddock also vacated his seat on the company's Board of Directors pursuant to the terms of the Agreement.

Mr. Frasier is currently the sole member of the company's Board of Directors. The company has determined that it will not immediately hire a Chief Operating Officer or Chief Financial Officer to replace Mr. Haddock, although it may determine to fill such positions in the future. Craig DeFranco, the company's Controller, will continue to oversee the company's financial and accounting functions.