On June 2, 2015, Marisa Gardini resigned as director of Xcel Brands, Inc. and advised the Board that
her resignation was not based on any disagreement with XCel's operations, policies or practices. On June 2, 2015, Michael Francis was appointed as a director of XCel. Mr. Francis was also appointed to serve as a member of the Audit Committee of the Board of Directors of Xcel. Since February 2012, Michael Francis has served as the Chief Global Brand Officer of DreamWorks Animation SKG. During this tenure with DreamWorks, Mr. Francis has been responsible for global consumer products, retail, brand strategy, creative design, location-based entertainment, digital, publishing and franchise development.
Xcel Brands, Inc. is a media and consumer products company. The Company is engaged in the designing, production, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. It owns the Judith Ripka, Halston, LOGO by Lori Goldstein, and C. Wonder brands and a minority stake in the Isaac Mizrahi brand. It also owns and manages the Longaberger brand. The Company is engaged in pioneering a modern consumer products sales strategy, which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. Lori Goldstein brands, including LOGO by Lori Goldstein, and the brand is available through the QVC channel.
XCEL BRANDS, INC. 
