IDW MEDIA HOLDINGS, INC. appointed Davidi Jonas as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b) Effective April 27, 2023, the Board removed Allan Grafman from his position as the Chief Executive Officer of the Company, as well as an ex officio (non-voting) director of the Company. The Company and Mr. Grafman are currently discussing the terms of his separation.


Effective April 27, 2023, the Board removed Brooke Feinstein from her position as the Chief Financial Officer of the Company. The Company and Ms. Feinstein are currently finalizing the terms of her separation.


(c) Effective April 27, 2023, the Board elected Davidi Jonas as the Chief Executive Officer of the Company. Davidi Jonas will retain his positions as Executive Chairman, and as Vice Chairman of the Board of Directors of the Company. Davidi Jonas is the son of Howard S. Jonas, the Company's Chairman and Chairman of the Board. Other than this father / son relationship there is no familial relationship between Davidi Jonas and any director or other executive officer of the Company and no related person transactions to which Davidi Jonas is a party. There is no arrangement or understanding between Davidi Jonas and any other person, pursuant to which Davidi Jonas was selected as an officer of the Company. Except as described herein, Davidi Jonas is not a party to any transactions that would require disclosure under Item 404(a) of Regulation S-K.


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Davidi Jonas, age 36, has been a director and Executive Chairman (an Executive Officer position) of the Company since March 2023. Mr. Jonas previously served as the Company's Chief Strategy Officer from December 2018 until January 2020. Davidi Jonas served as Chief Executive Officer, President and Director of Straight Path Communications Inc. (NYSE American: STRP) from April 2013 until February 28, 2018, and served as Chairman of the Board of Straight Path Communications Inc. from August 1, 2013 until February 28, 2018.


The Company and Davidi Jonas are engaged in discussions regarding his compensation for serving as the Company's Chief Executive Officer.


Effective April 27, 2023, the Board elected Amber Huerta as the Chief Operating Officer of the Company. There are no arrangements or understandings between Ms. Huerta and any other person pursuant to which Ms. Huerta was selected as an officer of the Company. Ms. Huerta has not entered into any related person transactions with the Company that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.


Ms. Huerta, age 43, has over 20 years of human resource experience, achieving employment law and SHRM-SCP designations. From July 2021 to present, Ms. Huerta served as Senior Vice President, People and Organizational Development of the Company, during which time she was responsible for IDW's overall human resources strategy, talent acquisition, leadership development, diversity and inclusion, organizational design, employee relations, compensation and benefits, and organizational design. Prior to IDW, from July 2019 to July 2021, Ms. Huerta served as the Head of HR at Rapid Logistics, where she was responsible for strategizing, developing, and implementing all culture, employee engagement, and organizational development initiatives, servicing over 500 employees. Ms. Huerta is an active member of the national and local chapters of the Society of Human Resource Management and currently serves on several senior HR roundtables in Los Angeles, CA.