On January 14, 2013, the holders of the majority of the shares of common stock of Drinks Americas Holdings, Ltd., acting by written consent in lieu of a meeting of the shareholders, voted to decrease the number of Directors on the Board of Directors to three Directors. As a result of the decreased size of the company's Board of Directors, Fredrick Schulman, Douglas Cole and Jack Kleinert could no longer remain on the Board. On January 15, 2013, Steven Dallas, tendered his resignation from the Board of Drinks Americas Holdings, Ltd., effective immediately.

On January 16, 2013, the remaining Directors, acting by unanimous written consent in lieu of a meeting, elected Mr. Charles Menzies to fill the vacancy created by Mr. Dallas' resignation.