Last $0.76 USD
Change Today -0.0331 / -4.17%
Volume 9.2K
PRXI On Other Exchanges
As of 2:06 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

premier exhibitions inc (PRXI) Snapshot

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09/23/13 - $1.62
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07/23/14 - $0.59
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premier exhibitions inc (PRXI) Details

Premier Exhibitions, Inc., together with its subsidiaries, is engaged in presenting museum-quality touring exhibitions to public worldwide. The company operates through two segments, Exhibition Management and RMS Titanic. The company develops, deploys, operates, and presents exhibition products in exhibition centers, museums, and non-traditional venues. It operates and manages various exhibitions, including ‘Titanic: The Artifact Exhibition’, which features the artifacts recovered from the wreck site; Titanic: The Experience, a Titanic-themed exhibition; and ‘Bodies...The Exhibition’ and ‘Bodies Revealed’ that display multiple human anatomy sets, which contain a collection of whole human body specimens, and single human organs and body parts. The company also operates and manages ‘Pompeii: One Day in Pompeii’, which features the artifacts recovered from the debris of the city of Pompeii; ‘Real Pirates’, which tells the story of the Whydah, the first authenticated pirate shipwreck in U.S. waters, and the stories of the people whose lives converged on the vessel; ‘The Discovery of King Tut’, an exhibition based on King Tutankhamun; and ‘Extreme Dinosaurs’, a dinosaurs based exhibition. In addition, it sells merchandise, such as apparel, posters, gifts, and jewelry related to its shows over the Internet; and publishes exhibition catalogs and provides ancillary services, such as audio tours, as well as sells visitor exhibition themed photographs at its exhibition gift shops. The company was founded in 1987 and is based in Atlanta, Georgia.

66 Employees
Last Reported Date: 05/28/14
Founded in 1987

premier exhibitions inc (PRXI) Top Compensated Officers

Interim Chief Executive Officer and Interim P...
Total Annual Compensation: $270.8K
Executive Chairman and Member of Litigation C...
Total Annual Compensation: $270.0K
President of Arts & Exhibitions International...
Total Annual Compensation: $403.9K
Compensation as of Fiscal Year 2014.

premier exhibitions inc (PRXI) Key Developments

NASDAQ To Provide Premier Exhibitions A Cure Period In Order To Regain Compliance

As previously announced, on August 25, 2014, William M. Adams, Ronald C. Bernard, and Bruce Steinberg resigned as directors of Premier Exhibitions, Inc., effective immediately. On the same day, Jack H. Jacobs and Rick Kraniak were appointed to the Board of Directors of the Company (Board). Messrs. Jacobs and Kraniak are “independent” directors pursuant to the listing standards of the NASDAQ Stock Market and have been appointed to the Audit Committee of the Board. Mr. Jacobs qualifies as an “audit committee financial expert” and chairs the Audit Committee. Following the foregoing changes to the composition of the Board, the Company’s Audit Committee currently consists of two members. As previously announced, on August 29, 2014, the Company notified the NASDAQ Stock Market LLC (NASDAQ) that the Company is currently not in compliance with the NASDAQ Listing Rule 5605(c)(2)(A), which requires that the audit committee of a listed company be composed of at least three independent directors. On September 10, 2014, the Company received a letter from the NASDAQ indicating that due to the director resignations described above, the Company no longer complies with the NASDAQ’s audit committee requirements as set forth in Listing Rule 5605. Consistent with Listing Rule 5605(c)(4), the NASDAQ will provide the Company a cure period in order to regain compliance as follows: (a) until the earlier of the Company’s next annual shareholders’ meeting or August 27, 2015; or (b) if the next annual shareholders’ meeting is held before February 23, 2015, then the Company will be required to evidence compliance no later than February 23, 2015. The Company expects to add an additional director to the Board in the near term in order to have the Audit Committee composed of three independent directors.

Premier Exhibitions Inc. Amends Bylaws

On August 27, 2014, the Board of Premier Exhibitions Inc. amended the Bylaws of the Company, effective immediately, to provide that the Board shall consist of three or more directors as determined from time to time by resolution of the Board. On the same day, the Board reduced the size of the Board to five directors.

Premier Exhibitions Announces Board of Director Changes

Premier Exhibitions Inc. announced changes to the company's Board of Directors. On August 25, 2014, William M. Adams, Ronald C. Bernard, and Bruce Steinberg resigned as directors effective immediately. On the same day, Jack H. Jacobs and Rick Kraniak were appointed to the Board of Directors of the company. Mr. Jacobs currently serves as a director of Paragon Technologies Inc. and has served on a number of other public company boards. Mr. Kraniak through RK Consulting, currently serves as an advisor to Cavendish Global, a privately held company in the financial services industry, and Discount Coupons Corporation, a marketing company. On August 28, 2014, the board appointed Mr. Samuel S. Weiser as the Executive Chairman of the Company. Mr. Weiser is currently a director of the Company and will continue to serve in that capacity. He will be responsible for overseeing the execution of the Company's strategic plan including securing growth capital for the Company, coordinating strategic initiatives with the Company's financial advisors and executing a plan to monetize the Company's Titanic assets. Mr. Weiser succeeds Mark Sellers as the Company's Chairman. Mr. Sellers will remain a director of the company.


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