Investor News | April 12, 2024

IDW Media Announces Majority Stockholder Actions

LOS ANGELES, CA and NEWARK, NJ – April 12, 2024:  IDW Media Holdings, Inc., (the “Company” or “IDW”) (OTCQB: IDWM), an integrated media company, today announced that on April 10, 2024, the holder of shares of IDW Media Holding, Inc.’s Class B common stock and Class C common stock, each $0.01 par value per share, constituting a majority of the combined voting power of the Company’s outstanding capital stock, adopted resolutions by written consent, in lieu of a meeting of stockholders.

The following actions were taken:

  1. Election of Directors: The following individuals have been elected to serve as directors of the Company until the next annual meeting of stockholders, or written consent in lieu thereof, or until they shall resign, or shall be removed, or shall otherwise be disqualified to serve, or until their respective successors shall be elected and qualified:

Howard S. Jonas

Davidi Jonas

David Breau

Jonathan Rand

James R. Woody

  • Authorization of Stock Option and Incentive Plan: The Company’s Amended and Restated 2019 Stock Option and Incentive Plan has been authorized and approved.

These resolutions were previously approved by the Company’s Board of Directors.

A written notice was sent to all stockholders who were recorded as stockholders of record of the Company at the close of business on April 10, 2024, informing them of the actions taken.  A copy of the Amended and Restated 2019 Stock Option and Incentive Plan was included with the written notice.

About IDW Media Holdings:

IDW (OTCQB: IDWM) is an integrated media company providing compelling stories and characters for global audiences. Our IDW Publishing and IDW Entertainment businesses acquire and license IP for holistic franchise development across comics and graphic novels, television and other entertainment platforms and leverage established stories from our creative partners.

Forward-Looking Statements:

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our Annual Report for the fiscal year ended October 31, 2023, and subsequent reports that we have made available. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Company Contact:

Davidi Jonas

IDW Media Holdings, Inc.