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

By letter dated and effective January 2, 2013, Howard W. Schwan resigned as Executive Vice President and as a Director of CTI Industries Corporation (the "Registrant"). The resignation was made pursuant to agreements among the Registrant and Mr. Schwan dated September 24, 2012 pursuant to which Mr. Schwan was employed as Executive Vice President of Registrant for a term expiring on December 31, 2012 and is retained as a consultant to Registrant for a term commencing on January 1, 2013 and expiring on December 31, 2014.