Holly Brothers Pictures, Inc. announced that on November 15, 2019, the Company's Board of Directors elected Donal R. Schmidt, Jr., TMDI's President, as Chief Executive Officer of the Company, and D. Hughes Watler, Jr., an independent financial and accounting consultant, as the Chief Financial Officer of the Company. The Company's Board of Directors also elected Messrs. Schmidt and Watler as members of the Board of Directors.

Donal R. Schmidt, Jr.is the founder and President of TMDI. D. Hughes Watler, Jr. has been an independent financial and accounting consultant since 2017. From 2007 to 2017, he served as the Chief Financial Officer of Stack-It Storage, Inc. and predecessor companies.

Simultaneous with the election of Messrs. Schmidt and Watler as officers and directors of the Company, Brent Willson resigned as Chief Executive Officer and a member of the Board of Directors of the Company and Steve Bond resigned as Chief Financial Officer and a member of the Board of Directors of the Company.