On November 29, 2018, CTI Industries Corporation announced Stephen M. Merrick would step down from his role as Chief Executive Officer of the company as of November 30, 2018. At that time, Mr. Merrick would become General Counsel to the Company, transitioning to a part-time role as of January 31, 2019, and at a reduced compensation level as of that date. Mr. Merrick remains a member of the company's board of directors.

On December 1, 2018, Jeffrey S. Hyland, President of the company, will become President/CEO of CTI. There are no other changes to Mr. Hyland's relationship with the company.