Replies to post #1895 on Genius Brands International Inc (GNUS)

[rickn23]

It probably could have waited, but, being a significant development, it would have needed a filing.

He has been with Andy and Amy for a long time. I would take the reasons for leaving as written, and that he isn't leaving on bad terms.

Gregory B. Payne, 63, has been the Corporate Secretary of the Company since November 2013, the Chief Operating Officer since July 2017, and the Chief Operating Officer and General Counsel to A Squared Entertainment LLC since October 2011 and A Squared Holdings LLC since March 2009. He was an attorney in private practice and the Chairman of Foothill Entertainment, Inc. from 2000 to present. Mr. Payne served as Senior Vice President Legal and Business Affairs to DIC Animation City, DIC Entertainment L.P. and DIC Productions L.P. variously during the period from 1986 to 1998 and was an attorney in private practice from 1978 until 1986. Mr. Payne is a director and 50% shareholder of Foothill Entertainment Inc. Mr. Payne received his Juris Doctorate from Stanford Law School.

https://www.sec.gov/Archives/edgar/data/1355848/000168316818000269/genius_424b3.htm

Top of page 32, from the last prospectus.

Edit
I like that it was filed now rather than later. It would have been far more suspicious if the filing waited until he left.