On August 29, 2022, Allan Grafman, who became the Chief Executive Officer of IDW Media Holdings, Inc. submitted his resignation as a member of the Board of Directors of the Company, and the Board appointed Mr. Grafman as an Ex Officio(non-voting) member of the Board. Mr. Grafman's resignation is related to his appointment as Chief Executive Officer of the Company and the Company's desire to maintain a majority of members of the Board as independent as defined in the Company's Corporate Governance Guidelines, and is not related to any disagreement with the Company relating to the Company's operations, policies or practices. On August 29, 2022, Sanford (Sandy) Climan submitted his resignation as a member of the Board and the Board appointed Mr. Climan as an Ex Officio(non-voting) member of the Board.
Mr. Climan's resignation is in accordance with the Company's desire to maintain a majority of the Board as independent, and is not related to any disagreement with the Company relating to the Company's operations, policies or practices.
IDW Media Holdings, Inc. is an integrated media company providing compelling stories and characters for global audiences. The Company's segments include IDW Publishing (IDWP) and IDW Entertainment (IDWE). IDWP is a publishing company that creates comic books, graphic novels and digital content through its imprints IDW, Top Shelf Productions and Artists Editions. IDWE is a production company and studio that develops, produces and distributes content based on IDWP original, copyrighted intellectual property (IP), published in the form of comic books, graphic novels and any other forms of print publication, for a variety of formats, including film and television. Its comics and graphic novels are primarily distributed through three channels: to comic book specialty stores; to traditional retail outlets, including bookstores and mass market stores, on a returnable basis, and to e-book distributors. IDWP publications are available digitally through a range of distributors.