Salon Media Group, Inc. announced that Effective May 3, 2019, Jordan Hoffner resigned as its Chief Executive Officer. Mr. Hoffner's resignation from all positions with the Company was not because of any disagreements with the company on matters relating to its operations, policies and practices. Mr. Hoffner will continue to serve as one of its directors.

Effective May 3, 2019, in connection with Mr. Hoffner's resignation as Chief Executive Officer, the board appointed Richard MacWilliams as its acting Chief Executive Officer and the board also appointed Trevor Colhoun as its acting Chief Financial Officer to fill the vacancy from Ms. Betsy Hambrecht's prior resignation. Messrs. MacWilliams and Colhoun both currently serve as directors of the Company.

Mr. MacWilliams will receive $7,500 per month for his role as acting CEO and Mr. Colhoun will receive $2,500 per month for his role as acting CFO. Richard MacWilliams, 67, currently serves as Chairman of the Board of Directors, a position he has held since on January 25, 2017. Mr. MacWilliams is co-founder and Managing Partner of Vista Capital Advisors.

Previously, Mr. MacWilliams was Chairman of BoardEx and Executive Vice President of Bridge Information Systems. He joined Bridge as a result of Bridge's acquisition of EJV Partners where he was President and CEO. Trevor Colhoun, 42, currently serves as a director, a position he has held since January 25, 2017. Mr. Colhoun is a Managing Member of Humilus Holdings Capital Management Company LLC.

From 2007 to present, Mr. Colhoun has acted as Managing Partner of Humilis Holdings, LP.