Genius Brands International, Inc. appointed Henry Sicignano III as an independent member of the Board, replacing P. Clark Hallren. Mr. Sicignano III was also appointed as chair of the Board's Audit Committee, and to serve on the Board's Investment Committee. Mr. Hallren has served on the Board for the previous nine years since May 2014.

Mr. Hallren's decision to resign as a director was not due to any disagreements with the Company, which remains grateful for his long service. Mr. Sicignano currently serves as the President of Charlies Holdings, Inc., a publicly traded consumer goods company with sales extending to more than 90 countries. Prior to this role, he served as Chief Executive Officer of 22nd Century Group, Inc., a publicly listed plant biotechnology company.

Additionally, Mr. Sicignano served as General Manager at NOCO Energy Corp, as well as Vice President at Kittinger Furniture Company, Inc. He also served on the board of directors of Anandia Laboratories, Inc., which was acquired in 2018. Mr. Sicignano III holds an MBA from Harvard Business School as well as a BA (cum laude) from Harvard College. Mr. Sicignano III is a seasoned executive who has significant experience as President, CEO, and CFO, as well as director of numerous public companies, leading teams, developing strategies, managing P&L's, and growing businesses.

Mr. Sicignano III is eligible to receive compensation for his service on the Board consistent with that provided to all non-employee directors.