On July 11, 2022, Robert Machinist, the Chairman of the Board of Directors of Troika Media Group, Inc., notified the company of his resignation from the Board, effective immediately. Mr. Machinist has served on the Board since March 2018. Mr. Machinist's decision to resign from the Board is due to the Company's ongoing efforts to align its resources with its current strategy and operations and not the result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices.

On July 11, 2022, John Belniak, a member of the Board notified the Company of his resignation from the Board, effective immediately. Mr. Belniak has served on the Board since April 2022. Mr. Belniak's decision to resign from the Board is due to the Company's ongoing efforts to align its resources with its current strategy and operations and not the result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices.

The board intends to elect a new Chairman to the Board in the near term.