PFSweb to Appoint Benjamin Rosenzweig to Board of Directors
16 Mai 2013 - 12:09AM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), an international provider of
end-to-end eCommerce solutions, today announced that, after
discussions with representatives of Privet Fund LP, the Company’s
Board of Directors (the “Board”) has voted to appoint Benjamin
Rosenzweig as a director of the Board effective immediately. The
Board will also nominate Mr. Rosenzweig for election as a director
in the Company’s proxy statement for its 2013 annual meeting of
stockholders in connection with a settlement and standstill
agreement entered into on May 15, 2013 with Privet Fund LP, Privet
Fund Management LLC, Ryan Levenson and Benjamin Rosenzweig (the
“Privet Group”). Mr. Rosenzweig will also be appointed to the
Nominating Committee and Special Committee of the Board.
Mr. Rosenzweig, 28, is currently an analyst at Privet Fund
Management LLC. Prior to joining Privet in 2008, Mr. Rosenzweig
served as an Investment Banking Analyst in the Financial
Restructuring Group of Alvarez & Marsal Corporate Finance where
he performed financial analysis and due diligence for M&A,
capital raisings and advisory engagements across multiple
industries. Mr. Rosenzweig graduated magna cum laude from Emory
University with a Bachelor of Business Administration degree in
Finance and a Bachelor of Arts in Economics.
A copy of the settlement and standstill agreement will be filed
with the Securities and Exchange Commission by the Company on a
Current Report on Form 8-K.
About PFSweb, Inc.
PFSweb is engaged by iconic brands to enable and manage
customized eCommerce and omni-channel commerce initiatives.
PFSweb’s iCommerce Hub(SM) technology ecosystem offers retailers a
multi-channel order management system that allows partner/client
data integration and international payment processing. PFSweb’s
iCommerce Professional Service(SM) provides interactive marketing
services, eCommerce web site development and support services, IT
development services, content management, customer intelligence and
relationship and account management services. PFSweb’s iCommerce
Centers of Excellence(SM) provides global fulfillment and
logistics, high-touch customer care, client financial services and
technology hosting.
Together, PFSweb’s iCommerce Solutions allows for international
reach and expertise in both direct-to-consumer and
business-to-business initiatives. PFSweb supports organizations
across multiple industries including Procter & Gamble, L’Oreal,
LEGO, Columbia Sportswear, Sorel, Carter’s, AAFES, Riverbed, Ricoh,
Hawker Beechcraft Corp, Roots Canada Ltd., Diageo, BCBGMAXAZRIA,
BCBGENERATION and HERVÉ LÉGER BY MAX AZRIA. PFSweb is headquartered
in Allen, TX with additional locations in Tennessee, Mississippi,
Canada, Belgium, and the Philippines.
To find out more about PFSweb (NASDAQ: PFSW), visit the
company’s website at http://www.PFSweb.com.
The matters discussed herein consist of forward-looking
information under the Private Securities Litigation Reform Act of
1995 and is subject to and involves risks and uncertainties, which
could cause actual results to differ materially from the
forward-looking information. PFSweb’s Annual Report on Form 10-K
for the year ended December 31, 2012 and Quarterly Report on Form
10-Q for the three months ended March 31, 2013 identify certain
factors that could cause actual results to differ materially from
those projected in any forward looking statements made and
investors are advised to review the Annual and Quarterly Reports of
the Company and the Risk Factors described therein. PFSweb
undertakes no obligation to update publicly any forward-looking
statement for any reason, even if new information becomes available
or other events occur in the future. There may be additional risks
that we do not currently view as material or that are not presently
known.
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