IONI I ON Digital Corporation (PK)

Item 5.02.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officer.

On May 16, 2023, I-ON Digital Corp. (the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Brad Hoffman, Steve Aust, and Ken Park as members of the Board, effective May 12, 2023. The Board had not yet determined committee assignments for Messrs. Hoffman, Aust or Park.

 

There are no arrangements or understandings between Messrs. Hoffman, Aust or Park and any other person pursuant to which they were selected as directors, and there are no relationships or transactions to which Messrs. Hoffman, Aust or Park are a party that would require disclosure under Item 404(a) of Regulation S-K.

Brad Hoffman, 53, has spent over 30 years in the business finance world. He has worked with many distinguished companies, such as HH&A, IHRS, Dubrow Kavanaugh Capital, Ashford Capital, Galen Capital Corp., and Drawbridge Special Opportunities and Assets Fund. With his knowledge and history of creating and executing transactions for technology, healthcare, entertainment, and energy industries and business finance/management degrees from UCLA and Pepperdine University, Mr. Hoffman represents an invaluable asset to I-ON's Board.

 

Steve Aust, 65, has two decades of experience in venture capital and energy solutions. He has raised over $100 million in venture capital for a variety of businesses across multiple industries, including Video Home Shopping Network, Vision Quest, and 2Extreme Sports – taking them public through successful IPOs. Since 2011, Mr. Aust has also served as President of VRDT Corporation. Mr. Aust is a graduate of Southern Oregon University. With his experience in direct sales, M&A, marketing, and technology strategy, Mr. Aust is a multi-faceted addition to I-ON's Board.

 

Ken Park, 57, has a 25-year track record of delivering digital strategies to major consumer brands, such as Adobe, Atlantic Records, Grey Healthcare, and the NHL, among many others. He founded two action sports companies in his early twenties and earned acclaim as a world-ranked professional skateboarder, traveling the world for the sport in the late 80s and early 90s. He also launched HyperCD^®, a patented technology that delivered encrypted, HD video streaming over low-speed internet connections before the proliferation of broadband. In addition to his success with Oktane Media, Mr. Park led marketing and helped launch the world's first gold digitization company, Orebits, LLC. [Years and positions of employment for previous five years need to be identified here]. Mr. Park was featured alongside Guy Kawasaki, Christos Cotsakos, and Anita Roddick in "Entrepreneurial Marketing: Real Stories & Survival Strategies." Mr. Park earned his degree at San Diego State University and remains an authoritative voice in today's marketing technology industry.

 

A copy of the press release announcing the appointment of Messrs. Hoffman, Aust or Park to the Board is attached as Exhibit 99.1 hereto and is incorporated by reference herein.