Item 4.01 Changes in Registrant's Certifying Accountant.
On October 25, 2020, the Audit Committee of the Board of Directors of Youngevity
International, Inc. (the "Company") approved the appointment of MaloneBailey,
LLP ("MaloneBailey") as its new independent registered public accounting firm
responsible for auditing its financial statements. During the Company's two most
recent fiscal years ended December 31, 2019 and 2018, and the subsequent interim
period through October 25, 2020, neither the Company, nor anyone on its behalf,
consulted with MaloneBailey regarding either: (i) the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's financial statements,
and neither a written report nor oral advice was provided to the Company that
was an important factor considered by the Company in reaching a decision as to
the accounting, auditing or financial reporting issue; or (ii) any matter that
was either the subject of a disagreement as defined in Item 304(a)(1)(iv) of
Regulation S-K or a reportable event as described in Item 304(a)(1)(v) of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 25, 2020, William G. Thompson resigned from the Board of Directors of
the Company and as a member and chairman of the Audit Committee to accept the
position of Chief Financial Officer of the Company. In connection with Mr.
Thompson's appointment, David S. Briskie was appointed Chief Investment Officer
of the Company and resigned as the Company's Chief Financial Officer. Mr.
Briskie also retains his title as the Company's President.
Mr. Thompson's and Mr. Briskie's resignations were not a result of any
disagreement with the Company on any matter relating to the Company's
operations, policies or practices.
Mr. Thompson, age 59, had served on the Company's Board of Directors since June
10, 2013. He most recently served from March 2013 to September 2019 as Chief
Financial Officer of Broadcast Company of the Americas, a radio station operator
in San Diego, California. He served as Corporate Controller for the Company from
2011 to March 2013 and for Breach Security, a developer of web application
firewalls, from 2007 to 2010. Prior to 2007, Mr. Thompson was Divisional
Controller for Mediaspan Group and Chief Financial Officer of Triathlon
As Chief Financial Officer, Mr. Thompson will receive a base salary of $200,000
a year and will be eligible to receive an annual bonus as may be determined by
the Company. Except as set forth herein, there are no understandings or
arrangements between Mr. Thompson and any other person pursuant to which
Mr. Thompson was appointed Chief Financial Officer of the Company.
On October 27, 2020, Daniel Dorsey was appointed to the Board of Directors of
the Company to fill the vacancy created by Mr. Thompson's resignation. The
appointment of Mr. Dorsey, which is effective immediately, means that the size
of the Board will remain at five (5) members. Mr. Dorsey will serve on the Audit
Committee and his term as a director will continue until such time as his
successor is duly elected and qualified, or until his earlier resignation or
There are no family relationships between Mr. Dorsey and any of the Company's
directors or executive officers and Mr. Dorsey has no direct or indirect
material interest in any transaction required to be disclosed pursuant to Item
404(a) of Regulation S-K. Other than as described below, there were no
arrangements or understandings by which Mr. Dorsey was named as a member of the
Mr. Dorsey will receive the Company's standard non-cash compensation as a
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