Kubient, Inc. announced that on September 22, 2023, the Board placed Paul Roberts on paid administrative leave from his positions as Chief Strategy Officer, and President of the Company pending an internal investigation conducted by outside legal counsel on behalf of a special committee of the Board (the ?Special Committee?). Mr. Roberts also resigned from his position as Chairman and member of the Board pending the internal investigation. The Board accepted Mr. Robert?s resignation effective as of September 22, 2023.

During Mr. Robert?s absence, Elisabeth DeMarse, who will remain as a member of the Board, will also serve as Interim President of the Company. The Company plans on entering into a written agreement with Ms. DeMarse with regard to her service as Interim Chief Executive Officer and President of the Company, and will file a Current Report on Form 8-K when the terms and conditions of such agreement have been determined. As a result of her appointment as Interim Chief Executive Officer and President, on September 22, 2023, Ms. DeMarse resigned from her positions as a member of the Board?s Audit, Compensation, and Nominating, Corporate Governance, and Special Committees.

Ms. DeMarse also resigned as Chairperson of the Board?s Nominating and Corporate Governance Committee. The Board accepted Ms. DeMarse?s resignations effective as of September 25, 2023. Ms. DeMarse?s resignations were not in connection with any known disagreement with the Company on any matter relating to the Company?s operations, policies, or practices.

In order to fill the vacancies created by Mr. Roberts? and Ms. DeMarse?s resignations, on September 25, 2023, the Board appointed Lawrence Harris as a member of the Board, Chairman of the Nominating and Corporate Governance Committee, as well as a member of the Board?s Audit, Compensation, Nominating and Corporate Governance, and Special Committees. Lawrence Harris was a member of board of directors from June 2021 to June 2023, and rejoined board of directors on September 25, 2023.

As the Founder and Chief Executive Officer of Alpha Precision Media, an adtech company that leverages Amazon?s data and technology to build brand value and turbocharge sales that was founded in August 2020, Mr. Harris is seeking to cement his place as a global leader in the advertising technology industry. From September 2019 to the present, Mr. Harris has also acted as the Managing Partner of Glarris Consulting LLC, which provides strategic advisory services to companies, organizations and startups. From October 2016 to December 2019, Mr. Harris served as the Chief Executive Officer of Sightly, a performance video advertising firm.

Prior to that time, from July 2007 to June 2010, Mr. Harris was the co-founder and Chief Executive Officer of Ansible Mobile, an Interpublic Group mobile marketing company. From March 2015 to June 2016, he was the Chief Strategy Officer at Kiosked, a publisher of digital advertising, and from February 2012 to November 2014, he was the Chief Marketing Officer of PubMatic, Inc. He has also served as an advisor to a number of companies in the advertising technology industry, including SafeGuard Privacy, Qntfy, Reset Digital, and Thunder11. Mr. Harris holds a Bachelor of Arts from Harvard University.