UPD Holding Corp. announced that on December 31, 2022, Patrick Ogle tendered his resignation as Chief Operating Officer (“COO”) and Director, which resignations were accepted by Board of Directors. On December 31, 2022, Board of Directors appointed William Nicholson as a Director to fill the vacancy created by Mr. Ogle's resignation.

William Nicholson has been an investor and corporate executive for over forty years. He has owned interests in radio stations, ship building, restaurants, real estate and natural gas wells. He was Chief Operating Officer of Amway Corporation from 1984 to 1992.

From 1974 to 1977 he served as Appointments Secretary to President Ford. Mr. Nicholson received a B.S. in Finance from the University of Nevada in 1966. He served on the Board of Directors of Twinlab Consolidated Holdings Inc. from February 23, 2015 until September 22, 2015.