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Unico American Corporation Announces Retirement and Resignation of Cary L. Cheldin as President, CEO and Chairman of the Board and the Appointment of Ronald Closser as Interim President, CEO and Board Chair

Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") announced today that Cary Cheldin has retired as President and Chief Executive Officer and in conjunction with his retirement, has resigned as a member of the Board of Directors of the Company, effective immediately. Mr. Cheldin has served in these roles since April 1, 2009. Previously, Mr. Cheldin served in several executive and management roles within the Company over four decades.