BoxScore Brands, Inc. announced that the Board of Directors of BoxScore Brands, Inc. accepted the voluntary resignation of Sebastian Lux as chief financial officer and principal financial officer, effective immediately. Mr. Lux will continue to serve as the Company's chief executive officer, president, and principal executive officer. There was no dispute or disagreement with Mr. Lux as his resignation was necessitated by the appointment of a new chief financial officer in order to enable Mr. Lux to better focus on leading the company.

On November 09, 2022, the Board appointed Ross Saldarini to succeed Mr. Lux as the Company's chief financial officer and principal financial officer, effective immediately. Mr. Saldarini (age 53) brings over twenty-five years' experience in corporate finance, mergers & acquisitions, business and retail strategy, and ecommerce in technology services within the consumer products and financial marketplaces. Prior to joining the Company, Mr. Saldarini was chief financial officer of Upper Echelon Products, and from 2018-2022 was a managing partner with Yellowstone Advisors LLC, a strategic advisory, M&A, and management consulting services company.

The Board will consider and determine a compensation arrangement and agreement for Mr. Saldarini, as appropriate considering his position.