Hannover House, Inc. announced that the Board reviewed a resignation letter submitted by D. Frederick Shefte, President of Hannover House. After a discussion, it was moved, seconded and approved to accept the resignation of Shefte as President effective at the close-of-business on March 15, 2021. Shefte’s participation as a member of the Board of Directors will continue for a maximum of up to thirty (30) additional days in order to enable the Company the opportunity to engage two additional directors, at least one of which would be considered an “outside” director. The challenges in obtaining Directors and Officers Liability Insurance Coverage for non-reporting companies suggested that the recruitment of additional directors be on an “interim basis” until such time that proper D&O Insurance Coverage may be obtained. The Board elected to defer discussion of the proposed terms of engagement for a new President or general-purpose replacement for duties previously performed by Shefte. However, it was indicated that an interim President is expected to be announced within ten days, based on current discussions occurring with qualified candidates. Until a new President is engaged, C.E.O. Eric Parkinson will assume the duties of President on an interim basis, in addition to his existing duties as C.E.O. and Secretary.
Hannover House, Inc. is a media production and distribution company. The Company is involved in book publishing, feature film and video production, and distribution of feature films and videos through various media platforms and territories worldwide. It publishes fiction and non-fiction books. The Companyâs media distribution includes the release of films to theaters, home video, digital streaming formats, television outlets and international licensors. The Company is also developing a digital streaming site, MyFlix, which consolidates feature films and television series programming owned by a range of studios and content owners into a single destination digital streaming site. The Companyâs subsidiaries include Medallion Releasing, Inc., which is engaged in handling non-Hannover House producer clients, and Bookworks, Inc., which is a special purpose entity utilized for book publishing activities, as well as for the purposes with the Screen Actors Guild.
HANNOVER HOUSE, INC. 
