Effective as of February 8, 2023, Thomas Zielecki and iMedia Brands, Inc. (the “Company”) mutually agreed to end his employment as Senior Vice President and Chief Financial Officer of the Company. Mr. Zielecki will serve as a consultant to the Company for the next three months to provide, among other things, consultation and assistance as reasonably requested by the Company. In exchange for his continued service, Mr. Zielecki will be entitled to continue to receive his existing compensatory arrangements for the duration of his continued service to the Company.

Timothy A. Peterman, the Company's Chief Executive Officer, will serve as acting Chief Financial Officer, serving as the principal accounting and financial officer, until a successor is appointed. There is no change to Mr. Peterman's compensation for service in this role.