Skullcandy Names Jason Hodell as Chief Executive Officer

PARK CITY, Utah, Oct. 10, 2016 -- Skullcandy, Inc. announced that its Board of Directors has appointed Jason Hodell as Chief Executive Officer effective immediately.

Hoby Darling, Skullcandy’s outgoing President and Chief Executive Officer commented, “I can't be more pleased that Jason will be the next leader of the Skullcandy and Astro Gaming brands.  Jason’s years of service as Skullcandy’s Chief Financial Officer and Chief Operating Officer, his excitement for the brands and his motivation make him the best choice to continue the leadership of the company as it begins its next chapter.”

Jason Hodell stated, "I cannot be more honored about the opportunity to lead Skullcandy.  We have two strong, market-dominant brands, and I am confident we will continue to excite our customers with our products.  I speak for the whole Skullcandy family as we thank Hoby Darling for his mentorship, dedication and motivation in leading Skullcandy to this point.  His contributions led to the turnaround of Skullcandy, years of solid growth and a terrific company culture."

Skullcandy was acquired by an affiliate of Mill Road Capital Management LLC in a merger that closed on October 3, 2016.

Thomas Lynch, Mill Road’s Founder, commented, “I am delighted that Jason Hodell has accepted the job of CEO of Skullcandy and have full confidence that he will be an outstanding leader and will further develop the Skullcandy family of brands into one of America’s leading branded lifestyle companies.”

About Skullcandy, Inc.

Skullcandy, Inc. creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands. Founded at the intersection of music, sports, technology and creative culture, the Skullcandy brand creates world-class audio and gaming products for the risk takers, innovators, and pioneers who inspire us all to live life at full volume. From new innovations in the science of sound and human potential, to collaborations with up-and-coming musicians and athletes, Skullcandy lives by its mission to inspire life at full volume through forward-thinking technologies and ideas, and leading edge design and materialization. Astro Gaming creates premium video gaming equipment for professional gamers, leagues, and gaming enthusiasts. Astro Gaming was founded in the pits of competitive gaming and has become synonymous with pinnacle gaming experiences. Skullcandy and Astro Gaming products are sold and distributed through a variety of channels around the world from the company's global locations in Park City, San Francisco, Tokyo, Zurich, Vancouver and Mexico City, as well as through partners in some of the most important culture, sports, and gaming hubs in the world. The Skullcandy brand website can be found at http://www.skullcandy.com. The Astro Gaming website can be found at http://www.astrogaming.com.

About Mill Road Capital

Mill Road Capital is a private investment firm focused on investing in and partnering with publicly traded micro-cap companies in the U.S. and Canada. The firm has flexible, long-term capital with the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or execute going-private transactions. The firm has raised approximately $670 million of aggregate equity capital commitments and has offices in Greenwich, CT and the San Francisco Bay Area. More information can be found at http://www.millroadcapital.com.

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