On February 5, 2021, Ronald Closser notified Unico American Corporation of his intent to leave from his position as interim Chief Executive Officer of the company, effective February 10, 2021, upon the expiration of his Interim Employment Agreement, dated as of August 10, 2020. Mr. Closser will continue to serve as Chairman of the Board of Directors of the company. Michael Budnitsky, the company's current Treasurer, Chief Financial Officer and Secretary, was appointed, on an interim basis, as Chief Executive Officer of the company, effective February 11, 2021, while the company conducts a search for a new permanent chief executive officer and president. Mr. Budnitsky will continue serving as Treasurer, Chief Financial Officer and Secretary during this period.