Item
5.02 Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
Appointment
of Directors
Jordan
Schur
On
March 29, 2017, Jordan Schur was appointed to the Board of Directors (the “
Board
”) of Wizard World, Inc., a
Delaware corporation (the “
Company
”). Below is a description of Mr. Schur’s professional work experience.
Mr.
Schur is a veteran of the music and film industries. In 1994, Mr. Schur created Flip Records, a record label that sold over seventy
million records. In 1999, Mr. Schur was appointed President of Geffen Records at Universal Music Group, where he merged the original
Geffen Records with MCA Records and DreamWorks Records. The expanded company went on to become a market leader, generating over
Two Billion Dollars in sales. In 2006, Mr. Schur left Geffen and founded Suretone Records which drove several artists to number
one on itunes and soundscan in the U.S. and around the world. Mr. Schur entered the film industry in 2008, founding Mimran Schur
Pictures and going on to become a successful film producer. In 2012, Mr. Schur founded Suretone Pictures, where he released several
notable films. In 2014, Mr. Schur, in partnership with Cinsay, created and launched Suretone Live, the world’s first syndicatable
e-commerce and social media driven film, television, and music content destination.
In evaluating Mr. Schur’s experience, qualifications,
attributes and skills in connection with his appointment to the Board, the Company took into account his extensive experience
in the music and film industry.
Family
Relationships
Mr.
Schur does not have a family relationship with any of the current officers or directors of the Company.
Related
Party Transactions
There
are no applicable related party transactions.
Compensatory
Arrangements
The
Company does not have a formal agreement in place with Mr. Schur. In the near future, the Company plans to enter into a
formal agreement with Mr. Schur setting forth his compensation.
Michael Breen
On
March 29, 2017, Michael Breen was appointed to the Board. Below is a description of Mr. Breen’s professional work experience.
Mr.
Breen is an English qualified solicitor and was the Managing Director of the Sports and Entertainment Division of Bank Insinger
de Beaufort N.V., a wealth management organization and part of the BNP Paribas Group, one of the world's largest banks. Mr.
Breen was an equity partner with the law firm Clyde & Co, where he specialized in all aspects of sports and entertainment
law. Mr. Breen also has extensive experience in event based entertainment, having been responsible for the legal documentation
relating to the world famous UK music awards known as the Brit Awards. Mr. Breen holds an Honours LLB degree in law from the University
College of Wales, Aberystwyth.
In evaluating Mr. Breens’s
experience, qualifications, attributes and skills in connection with his appointment to the Board, the Company took into account
his extensive experience in the entertainment industry
.
Family
Relationships
Mr.
Breen does not have a family relationship with any of the current officers or directors of the Company.
Related
Party Transactions
There
are no applicable related party transactions.
Compensatory
Arrangements
The
Company does not h
ave a formal agreement in place with Mr. Breen. In the near future, the Company
plans to enter into a formal agreement with Mr. Breen setting forth his compensation.
Departure
of a Director
Vadim
Mats
On
March 23, 2017, Vadim Mats, member of the Board and member of the Audit Committee and Compensation Committee of the Board, resigned
from his position on the Board and his positions on all committees of the Board, effective immediately. The resignation is not
the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.