On August 18, 2021, David E. Rapley resigned from the board of directors (the “Board”) of Qurate Retail, Inc. (the “Company”), effective immediately. Mr. Rapley’s resignation as a member of the Board was not the result of any dispute or disagreement with the Company. Following Mr. Rapley’s resignation and effective August 18, 2021, Fiona P. Dias will serve as a member the Audit Committee of the Board, and Ms. Wong will serve as a member and the Chair of the Nominating and Corporate Governance Committee. The Board has determined that each of Ms. Dias and Ms. Wong qualifies as an independent director for purposes of the rules of The Nasdaq Stock Market as well as applicable rules and regulations adopted by the Securities and Exchange Commission.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.