Last $4.70 USD
Change Today -0.31 / -6.19%
Volume 1.2M
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

valuevision media inc-a (VVTV) Key Developments

ValueVision Media Inc. Announces Executive Changes

ValueVision Media Inc. announced departure of Carol Steinberg as Chief Operating Officer and Annette Repasch as Chief Merchandising Officer Effective as of August 18, 2014, two of named executive officers, Carol Steinberg, Chief Operating Officer and Annette Repasch, Chief Merchandising Officer, are no longer with ValueVision Media Inc. Both executives are eligible to be paid a severance in accordance with the Executives' Severance Benefit Plan's change of control provisions.

ValueVision Media Inc. to Report Q2, 2015 Results on Aug 20, 2014

ValueVision Media Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 20, 2014

ValueVision Media Inc., Q2 2015 Earnings Call, Aug 20, 2014

ValueVision Media Inc., Q2 2015 Earnings Call, Aug 20, 2014

ValueVision Media Inc. Announces Management Changes

ValueVision Media Inc. announced it has reconstituted its Board of Directors and has unanimously appointed Mark Bozek Chief Executive Officer and Bob Rosenblatt Non-Executive Chairman of the Board, effective immediately. Mr. Bozek succeeds Keith Stewart, who has resigned as Chief Executive Officer and as a director of the Company. Mr. Bozek has more than 20 years of senior executive experience in the multi-channel commerce, electronic retailing and entertainment industries, including having served as CEO of HSN Inc., Senior Vice President of QVC Inc., and as a producer at Fox Television. The company also announced that IVS Associates Inc., the independent inspector of elections, has certified the voting results at the Company's Annual Meeting, held on June 18, 2014. Four ValueVision nominees and four nominees of the Clinton Group Inc. were elected to the ValueVision Board of Directors. The Board has appointed former President of Saks Fifth Avenue, also a fifth Clinton Group nominee, Ronald Frasch, as a director following Mr. Stewart's resignation. Accordingly, the Board will consist of: Thomas Beers, Mark Bozek, John Buck, Ronald Frasch, Landel Hobbs, Lowell Robinson, Bob Rosenblatt and Fred Siegel. The newly reconstituted Board will focus on further strengthening the Company's financial and operating performance and delivering meaningful returns for all ValueVision shareholders. Mark Bozek - Mr. Bozek is the former CEO of Home Shopping Network (HSN). John Buck - Mr. Buck currently serves as non-executive chairman of the board of Medica and previously served as chief executive officer of Medica from 2001 until his retirement in 2003. Ronald Frasch - Mr. Frasch is currently an operating partner at Castanea Partners, and the principal of Ron Frasch Associates, LLC. Landel Hobbs - Mr. Hobbs is Chief Executive Officer of LCH Enterprises LLC. Mr. Hobbs had been Chief Operating Officer of Time Warner Cable from 2005 until 2010 and was previously Chief Financial Officer from 2001 until 2005. Lowell W. Robinson served as the Chief Financial Officer and Chief Operating Officer of MIVA Inc. from August 2007 through March 2009. He joined MIVA in 2006 as Chief Financial Officer and Chief Administrative Officer. He had previously served as the President of LWR Advisors from 2002 to 2006 and as the Chief Financial Officer and Chief Administrative Officer at HotJobs.com from 2000 to 2002. Bob Rosenblatt - Bob has more than 25 years of experience leading mid and large sized retail organizations, including Tommy Hilfiger, HSN (formerly the Home Shopping Network), and Bloomingdale's. Last year he was Interim President of Ideeli.com. For the past seven years, Bob has been CEO of Rosenblatt Consulting, LLC. Fred Siegel - Mr. Siegel was Senior Vice President and marketing head for QVC from 1993 to 1998, overseeing all off-air consumer touch-points including all marketing and communications, leading special on-air events, and attracting and securing marquee brand-name vendors, helping QVC become the category-defining brand. After QVC, Mr. Siegel was marketing lead for Excite and Excite @ Home where he oversaw all marketing and communications activities. He is responsible for many Internet firsts including strategic partnerships with television networks, the first large-scale voting event on the web (with the Prime Time Emmys) and the first Online Town Hall meeting with President Clinton. He currently advises various companies from Google Ventures-backed Sidecar to the twenty-something organization.

ValueVision Media, Inc. Adopts Amended and Restated By-Laws

On June 17, 2014, the Board of Directors of ValueVision Media Inc. adopted amendments to Article 3.2(d) and Article 4.3(d) of the company’s amended and restated by-laws. The amendments to the by-laws became effective immediately upon adoption by the board: Article 3.2(d): A shareholder providing notice of business proposed to be brought before an annual meeting shall further update and supplement such notice, if necessary, so that the information provided or required to be provided in such notice pursuant to this Article 3.2 shall be true and correct as of the record date for the meeting and as of the date that is 10 business days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to, or mailed and received by, the Secretary at the principal executive offices of the Corporation not later than 5 business days after the record date for the meeting, and not later than 8 business days prior to, if practicable, the date for the meeting or any adjournment or postponement thereof (in the case of the update and supplement required to be made as of 10 business days prior to the meeting or any adjournment or postponement thereof); provided, however, that only with respect to business proposed to be brought before the corporation’s 2014 annual meeting of shareholders by a shareholder that has otherwise timely complied with each of the other requirements of this Article 3.2 as to such business, the reference above to '5 business days after the record date' shall instead be deemed to refer to '12 business days after the record date'. Article 4.3(d): A shareholder providing notice of any nomination proposed to be made at a meeting shall further update and supplement such notice, if necessary, so that the information provided or required to be provided in such notice pursuant to this Article 4.3 shall be true and correct as of the record date for the meeting and as of the date that is 10 business days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to, or mailed and received by, the Secretary at the principal executive offices of the corporation not later than 5 business days after the record date for the meeting, and not later than 8 business days prior to, if practicable the date for the meeting or any adjournment or postponement thereof; provided, however, that only with respect to nominations of persons for election to the board of directors at the corporation’s 2014 annual meeting of shareholders by a shareholder that has otherwise timely complied with each of the other requirements of this Article 4.3 as to such nominations, the reference above to '5 business days after the record date' shall instead be deemed to refer to '12 business days after the record date'.

 

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