Mad Catz Interactive Inc. announced the resignation of William Woodward from the Company's Board of Directors. Mr. Woodward also was a member of the Board's Audit Committee and a key supporter of the Company's growth and more sophisticated product mix. Mr. Woodward resigned from the Board for personal reasons and his decision was not the result of any disagreement with the Company or the Board.

The Company announced the appointment of Scott Guthrie to the Company's Board and Audit Committee. Mr. Guthrie joins the Board in conjunction with the vacancy created by the resignation of Mr. Woodward. Mr. Guthrie has spent his entire career building consumer-facing businesses and was recently appointed Regional General Manager of the Americas for SodaStream International Ltd.