LEGACY EDUCATION ALLIANCE, INC. (OTCMKTS:LEAI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.

Reorganization of Executive Functions

On January 17, 2019, Legacy Education Alliance, Inc. (the “Company”) issued a press release announcing the reorganization of its board of directors (the “Board”) and management leadership team. As part of the reorganization, James E. May, the Company’s current Senior Vice President and General Counsel was appointed as Interim Chief Executive Officer (“ICEO”), and current executives Iain Edwards and Martin Foster were named as Co-Presidents of the Company. Current Chief Executive Officer (“CEO”), Anthony C. Humpage was named Chairman of the Board. James K. Bass resigned as Chairman but will remain on the Board. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.

Appointment of Anthony C. Humpage as Chairman. Effective January 15, 2019, the Board elected Anthony C. Humpage, 63, as Chairman. Current Chairman James K. Bass will remain on the Board. In order to focus on his new responsibilities as Chairman, Mr. Humpage resigned from his position as the Company’s Chief Executive Officer, a position he had held since November 10, 2014, and as CEO of the Company’s subsidiaries. Mr. Humpage was CEO of the Company’s predecessor since September 4, 2012, until that time, and a member of the board of directors of the Company’s predecessor since May 23, 2012. Mr. Humpage will continue to provide services to the Company as Chairman under the terms of his September 2013, employment agreement; there will be no change in his compensation thereunder. Mr.Humpage is not a party to any transaction required to be disclosed to Item404(a) of RegulationS-K.

Appointment of James E. May as ICEO. Effective January 15, 2019, the Board appointed Mr. May, 63, as Interim Chief Executive Officer of the Company. Upon the assumption of his position as ICEO, Mr. May resigned as Senior Vice President and General Counsel. Mr. May previously served as the Chief Administrative Officer of the Company’s predecessor since September 2009, and as the General Counsel of the Company’s predecessor since May 2009. Mr. May joined the Company in June 2007 as Assistant General Counsel. Prior to joining the Company, he held the position of Associate General Counsel with Gateway Computers, and Vice President, Deputy General Counsel with Blockbuster Videos, Inc. Mr. May will continue to provide services to the Company as CEO under the terms of his September 2013 employment agreement; there will be no change in the compensation thereunder. There are no family relationships between Mr.May and any director or executive officer of the Company, and Mr.May is not a party to any transaction required to be disclosed to Item404(a) of RegulationS-K.

Appointment of Iain Edwards and Martin Foster as Co-Presidents. Effective January 15, 2019, the Board appointed Iain Edwards and Martin Foster as Co-Presidents of the Company. Prior to his appointment as Co-President, Mr. Edwards, 50, served as Senior Vice President in charge of the Company’s Property Development Division. Mr. Edwards served as the Company’s Chief Operating Officer from November 10, 2014 until March 2018. Mr. Edwards served as the Chief Operating Officer of the Company’s predecessor since May 2013. Mr. Edwards joined the Company in 2002 as general manager of the Company’s U.K. office, and was promoted to U.K. Managing Director in 2004 and to President of International Operations in 2006. Mr. Edwards served time in the British Army in various capacities. Mr. Edwards holds a B.A. in Business Studies from the University of Greenwich, London (1991).

Mr. Foster, 45, joined the Company in April 2002 as Event Manager of the UK division. During his time with the Company he has held several positions including UK Operations Manager, UK General Manager and most recently Vice President of the UK and International divisions. Mr. Foster studied Business through UNISA and IT through both Microsoft and Compaq.

Messrs. Edwards and Foster will continue to provide services to the Company as Co-Presidents under the terms of their respective October 2013 employment agreements; there will be no change in the compensation of Mr. Edwards, or Mr. Foster thereunder. There are no family relationships between Mr.Foster or Mr. Edwards and any director or executive officer of the Company, and neither Mr.Foster or Mr. Edwards is a party to any transaction required to be disclosed to Item404(a) of RegulationS-K.

Legacy Education Alliance, Inc. Exhibit
EX-99.1 2 f8k011719ex99-1_legacyedu.htm PRESS RELEASE ISSUED BY THE COMPANY ON JANUARY 17,…
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About LEGACY EDUCATION ALLIANCE, INC. (OTCMKTS:LEAI)

Legacy Education Alliance, Inc., formerly Priced In Corp., is a provider of educational training on the topics of personal finance, entrepreneurship, real estate and financial markets investing strategies and techniques. The Company operates through four segments: the United States (U.S.), Canada, the United Kingdom (U.K.) and Other foreign markets. The Company’s programs are offered through a range of formats and channels, including free-preview workshops, basic training classes, symposiums, telephone mentoring, one-on-one mentoring, coaching and e-learning, mainly under the Rich Dad Education brand (Rich Dad). In addition to Rich Dad, the Company markets its products and services under a range of brands, including Martin Roberts, The Independent Woman, Women in Wealth and Brick Buy Brick. Its products and services are offered in the United States, Canada, the United Kingdom and other international markets.