Wilhelmina International, Inc Appoints Mark E. Schwarz as Principal Executive Officer on an Interim Basis
February 04, 2020 at 04:32 pm EST
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On February 3, 2020, the board of directors of Wilhelmina International, Inc. appointed Mark E. Schwarz to serve as the Company’s principal executive officer on an interim basis. Mr. Schwarz has served as a director and Chairman of the Board of the Company since 2004, and as Executive Chairman since 2012. Mr. Schwarz was the Company’s Chief Executive Officer from 2007 to 2012. Since 1993, Mr. Schwarz has indirectly controlled Newcastle Partners, L.P. and served as the Chairman, Chief Executive Officer and Portfolio Manager of its general partner, Newcastle Capital Management, L.P. (“NCM”). Mr. Schwarz presently serves as Chairman of the boards of directors of Hallmark Financial Services, Inc., a specialty property and casualty insurance company, and Rave Restaurant Group, Inc., an operator and franchisor of pizza restaurants. Within the past five years, Mr. Schwarz has served as a director of SL Industries, Inc. He also serves as a director of various privately held companies. Mr. Schwarz will serve as principal executive officer of the Company at the will of the board of directors pending the appointment of a permanent replacement. He will not receive any additional fixed compensation from the Company for his service as principal financial officer. However, the board of directors may award him a discretionary bonus at the conclusion of his tenure. Mr. Schwarz has no family relationship with any other director or other executive officer of the Company. There are no transactions in which Mr. Schwarz has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Wilhelmina International, Inc. is a provider of international full-service fashion model and talent management service, specializing in the representation and management of models, celebrities, artists, photographers, athletes, and content creators. The Company's business activities are focused on the various areas, such as fashion model and social media influencer management, celebrity management, and licensing and branding associations. It is focused on providing fashion modeling talent and social media influencer services to clients such as advertising agencies, fashion designers, Internet sites, retailers, department stores, product catalogs and magazine publications. The Company's celebrity business seeks to secure endorsement and spokesperson work for celebrities from the worlds of sports, music and entertainment. The Company conducts events, such as model search contests and others. It also owns Aperture, a talent and commercial agency located in New York and Los Angeles.
WILHELMINA INTERNATIONAL, INC. 
