On April 26, 2023, Unico American Corporation appointed Mr. Steven Shea as Chief Financial Officer of the Company, effective immediately. Mr. Shea's appointment fills the vacancy created by the previously-reported resignation of Ms. Jennifer Ziegler-Benjamin as the Company's CFO effective April 30, 2023. Mr. Shea has served as President and Chief Executive Officer of the Company since October 25, 2021 and as a Board Member since November 16, 2020, and will continue in such roles.

Mr. Shea will not receive any additional compensation for assuming the role of Chief Financial Officer.