Propel Media, Inc. has made changes were effected with respect to the management of the company, which changes will become effective as of April 30, 2016. Marv Tseu was appointed as the company's Chief Executive Officer. He will cease being the company's President.

Tseu will replace Robert Regular, whose employment with the company will terminate. Regular also resigned as a member of the board of directors of the company. In connection therewith, the Board reduced the size of the Board by one, from six directors to five.

Mr. Regular's resignation was not because of a disagreement with the company, known to an executive officer of the Company, on any matter relating to the company's operations, policies or practices. David Shapiro was appointed as the company's Chief Operating Officer. He will cease being the company's Chief Corporate Development Officer and General Counsel.

Shapiro will remain the company's Secretary. Jared Pobre resigned as the company's Executive Chairman of the Board. Mr. Pobre will continue as the company's Non-Executive Chairman of the Board, but he will cease to be an officer and employee of the Company.

In connection with the management changes, the company appointed Daniela Nabors as its Chief Revenue and Product Officer.