UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or certain Officers; Election of Directors; Appointment of certain Officers; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
On May 22, 2023, the Board of Directors (“Board”) of Genius Brands International, Inc. (the “Company”) appointed Henry Sicignano III as an independent (as defined in the applicable Nasdaq listing rules) 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 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.
There are no arrangements or understandings between Mr. Sicignano III and any other persons pursuant to which he was selected as a director and Mr. Sicignano III has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GENIUS BRANDS INTERNATIONAL, INC. | ||
| Date: May 26, 2023 | By: | /s/ Andy Heyward |
| Name: Andy Heyward | ||
| Title: Chief Executive Officer | ||
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