On April 27, 2018, Mr. Justo Pozo notified the board of directors of Dolphin Entertainment, Inc. of his decision to not stand for re-election at the company's 2018 Annual Meeting of Shareholders on June 6, 2018. Mr. Pozo will continue to serve as a director and chairman of the Compensation Committee until the date of the 2018 Annual Meeting, at which time his term and service as a director will end.