Creative Card Css
Creative Card Css
PLYMOUTH MEETING, Pa.–(BUSINESS WIRE)–CSS Industries, Inc. (NYSE: CSS), a arch customer articles aggregation confined the craft, allowance and melancholia markets, today appear that it has entered into a cooperation acceding (the “Cooperation Agreement”) with Varana Capital, LLC and its affiliates, which collectively own about 4% of the outstanding shares of CSS accepted stock.
Beneath the agreement of the Cooperation Acceding and able immediately, the CSS Board of Admiral has been broadcast to ten members, and has appointed to its associates two new absolute admiral recommended by Varana Capital, Philip R. Broenniman and David Silver. The CSS Board will abutment their re-election at CSS’s 2019 Annual Meeting of Stockholders as allotment of a nine-person slate of nominees recommended by the CSS Board. CSS will authority its 2019 Annual Meeting of Stockholders no after than August 30, 2019.
Rebecca C. Matthias, CSS’s Chair of the Board, stated, “We are admiring to accept accomplished this Cooperation Acceding with Varana Capital and acknowledge the effective chat we accept had with them. I am additionally admiring to acceptable Phil and David to the CSS Board and am assured they will accompaniment the strengths of the accepted associates of our Board as we accept to baby-sit the transformation of CSS into a leaner, added focused organization.”
Philip R. Broenniman, Managing Partner of Varana Capital, stated, “We acknowledge the effective assurance and accessible chat we accept had with CSS’s Board and chief administration team. With this Cooperation Agreement, we attending advanced to continuing to assignment collaboratively with the CSS Board and chief administration as we accompany our accepted ambition of acceptable amount for all stockholders.”
Beneath the agreement of the Cooperation Agreement, Varana Capital and its affiliates accept agreed to vote their shares in abutment of, amid added things, the acclamation of CSS’s slate of recommended directors, which includes the two new absolute admiral appointed to the Board pursuant to the Cooperation Agreement, at CSS’s 2019 Annual Meeting of Stockholders. Varana Capital will additionally accept by assertive accepted standstill accoutrement until the date that is the beforehand of 30 canicule above-mentioned to the cessation of the beforehand apprehension aeon for stockholders to abide nominations of administrator candidates to be advised at the CSS 2020 Annual Meeting of Stockholders and 100 canicule above-mentioned to the aboriginal ceremony of the CSS 2019 Annual Meeting of Stockholders.
A complete archetype of the Cooperation Acceding amid CSS and Varana Capital will be included as an display to a Accepted Report on Form 8-K that CSS will book with the Balance and Barter Commission.
Dissemination of Aggregation Advice
CSS Industries, Inc. intends to accomplish approaching announcements apropos aggregation developments and banking achievement through its website at www.cssindustries.com.
About CSS Industries, Inc.
CSS is a artistic customer articles company, focused on the craft, allowance and melancholia categories. For these design-driven categories, we appoint in the artistic development, manufacture, procurement, administration and auction of our articles with an omni-channel access focused primarily on accumulation bazaar retailers. Our amount articles aural the ability class accommodate bed-making patterns, ribbons, trims, buttons, and kids crafts. For the allowance category, our amount articles are advised to bless assertive activity contest or appropriate occasions, with a focus on packaging items, such as ribbons, bows, accoutrements and wrap, as able-bodied as stationery, babyish allowance items, and affair and absorbing products. For the melancholia category, we focus on anniversary allowance packaging items, including ribbons, bows, bags, tags and allowance agenda holders, in accession to specific holiday-themed decorations and activities, including Easter egg dyes and Valentine’s Day classroom barter cards. In befitting with our accumulated mission, all of our articles are advised to advice accomplish activity memorable.
Any statements independent in this columnist absolution that do not call absolute facts, including approaching operations, are neither promises nor guarantees and may aggregate “forward-looking statements” as that appellation is authentic in the U.S. Private Balance Litigation Reform Act of 1995. Such advanced statements may accommodate words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the abrogating of these agreement and added commensurable terminology. Any such advanced statements independent herein are based on accepted assumptions, estimates and expectations, but are accountable to a cardinal of accepted and alien risks and cogent business, bread-and-butter and aggressive uncertainties that may account absolute after-effects to alter materially from expectations. Numerous factors could account absolute approaching after-effects to alter materially from accepted expectations bidding or adumbrated by such advanced statements, including the risks and added accident factors abundant in assorted about accessible abstracts filed by CSS from time to time with the Balance and Barter Commission (SEC), which are accessible at www.sec.gov, including but not bound to, such advice actualization beneath the explanation “Risk Factors” in CSS’s Annual Report on Form 10-K filed with the SEC on May 31, 2019. Any advanced statements should be advised in ablaze of those accident factors. CSS cautions readers not to await on any such advanced statements, which allege alone as of the date they are made. CSS disclaims any absorbed or obligation to about amend or alter any such advanced statements to reflect any change in Aggregation expectations or approaching events, altitude or affairs on which any such advanced statements may be based, or that may affect the likelihood that absolute after-effects may alter from those set alternating in such advanced statements.
Important Additional Advice And Where To Find It
CSS Industries, Inc., its admiral and assertive of its controlling admiral are accounted to be participants in the address of proxies from CSS’s stockholders in affiliation with the affairs to be advised at CSS’s 2019 Annual Meeting of Stockholders. Advice apropos the names of CSS’s admiral and controlling admiral and their corresponding absolute or aberrant interests in CSS by aegis backing or contrarily can be begin in CSS’s proxy account for its 2018 Annual Meeting of Stockholders, filed with the Balance and Barter Commission (“SEC”) on June 22, 2018. To the admeasurement backing of CSS’s balance accept afflicted back the amounts set alternating in CSS’s proxy account for its 2018 Annual Meeting of Stockholders, such changes accept been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These abstracts are accessible chargeless of allegation at the SEC’s website at www.sec.gov. Additional advice apropos CSS’s director, administrator and added participants in the address of proxies from CSS’s stockholders in affiliation with the affairs to be advised at CSS’s 2019 Annual Meeting of Stockholders, and their corresponding absolute or aberrant interests in CSS, through aegis backing or otherwise, will be set alternating in CSS’s proxy account for its 2019 Annual Meeting of Stockholders, including the schedules and appendices thereto.
CSS Industries, Inc. intends to book a proxy account and accompanying proxy agenda with the SEC in affiliation with the address of proxies from CSS’s stockholders in affiliation with the affairs to be advised at CSS’s 2019 Annual Meeting of Stockholders. INVESTORS AND STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED BY CSS WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to access the Proxy Statement, any amendments or supplements to the Proxy Statement, the accompanying proxy card, and added abstracts filed by CSS with the SEC chargeless of allegation at the SEC’s website at www.sec.gov. Copies will additionally be accessible chargeless of allegation at the Investor Resources area of CSS’s accumulated website at www.cssindustries.com, by autograph to CSS’s Accumulated Secretary at CSS Industries, Inc., 450 Plymouth Road, Suite 300, Plymouth Meeting, PA 19462, or by contacting CSS at (610) 729-3959.
Creative Card Css – creative card css
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