GlobeNewswire Inc | Mar 1, 2021 07:00AM EST

March 01, 2021

MADISON, Wis., March 01, 2021 (GLOBE NEWSWIRE) -- Sonic Foundry, the trusted leader for video creationandmanagement solutions as well asvirtual and hybrid events, today announcedthat Kelsy Boyd,the companysChief Financial Officer, haschosen to step away from the business for personal reasons.

"It has been a sincere honor to serve Sonic Foundry through an exciting and transformativetime, Boyd said.Unfortunately, personal reasons prevent me from continuingon thisjourney, but I am fully confident in SonicFoundrysability tocapitalizeon the expected growth opportunitiesahead.

Boyd is committed to an organized transition of her duties throughApril 2, 2021. The company has appointed long-standingformeremployee Ken Minor, who served as Sonic Foundry CFO from 1997 to 2020, asinterimCFO. Minorwill work closely with CEO Joe Mozden Jr. to oversee Sonic Foundrysfinancial strategy.

On behalf of Sonic Foundrys board members and employees, Id like to thank Kelsy for her dedication and leadership as weve pivotedto address the challenges and opportunities of this new digital-first worldover the past year. We truly enjoyed working with Kelsy and wish her all the best in her next endeavor, Mozden said.

Im pleased tobe working withSonic Foundryslong-standing colleague and former CFO,Ken Minor.Ken knows our business extremely well and is poised to help lead us into the next chapter of the company. His extensive experience leading public companies financial strategies and forward-thinking mindset will help us continueour strong momentumin this next phase of the company.

About Sonic Foundry

Sonic Foundry (OTC:SOFO) is theglobal leader for video capture, management and streaming solutionsas well as virtual and hybrid events. Trusted by more than5,200 educationalinstitutions, corporations, health organizations and government entities inover65 countries, itsMediasite Video Platformquickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Learn more atwww.mediasite.comand @mediasite.

2021Sonic Foundry, Inc.Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.



Media Contact: Nicole Wise, Director of CommunicationsSonic Foundry920.226.0269nicolew@sonicfoundry.com