Regulation FD Disclosure Form 8 K

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective June 28, 2024, the Board of Directors (the "Board") of Vintage Wine Estates, Inc. (the "Company") appointed Ivona Smith as an independent director to the Board to serve until the next election of directors by the Company's stockholders and until her successor is duly elected and qualified or until her earlier death, disability, resignation, disqualification or removal. Ms. Smith is an experienced fiduciary and investment professional and has served as an independent director on several boards over the past seven years.

For her service as a director, Ms. Smith will receive $25,000 per month, payable in advance at the beginning of each month of service and prorated for any partial month's service. Additionally, Ms. Smith will be reimbursed by the Company for all travel expenses reasonably incurred by her in the proper performance of her obligations as a non-employee director, in accordance with Company procedures. Ms. Smith will be entitled to indemnification and director and officer insurance coverage to the same extent as each other director serving on the Board.

Except as set forth herein, Ms. Smith was not selected to serve on the Board under any arrangement or understanding between her and any other person. The Company is not aware of any transactions with Ms. Smith that would require disclosure under Item 404(a) of Regulation S-K.