ACCO BRANDS CORPORATION (NYSE:ACCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Director
On March7, 2018, the Board of Directors of ACCO Brands Corporation (the “Company”), upon the recommendation of the Company’s Governance and Nominating Committee, elected Ronald M. Lombardi as a director of the Company effective March8, 2018. Mr. Lombardi is expected to serve until the 2018 Annual Meeting, where he is expected to be included as one of the director nominees for election at the 2018 Annual Meeting, or until his successor is duly elected and qualified. Mr. Lombardi’s election fills a vacancy on the Company’s Board of Directors.
Mr. Lombardi is Chairman, President and Chief Executive Officer of Prestige Brands Holdings, Inc., which markets and distributes brand-name, over-the-counter healthcare and household cleaning products throughout the United States and Canada, Australia, and in certain other international markets. He was elected Chairman of the Board of Prestige Brands in May 2017 and has served as a director and as President and Chief Executive Officer since June 2015. Prior to this role, Mr. Lombardi served as Prestige Brands’ Chief Financial Officer from December 2010 until November 2015. Previously, Mr. Lombardi had served as Chief Financial Officer of Medtech Group Holdings, a components and contract medical device manufacturer, from October 2010 to December 2010, and as Chief Financial Officer of Waterbury International Holdings, a specialty chemical and pest control business, from October 2009 to October 2010. Mr. Lombardi also served as Chief Operating Officer of Cannondale Sports Group, a sporting goods and apparel manufacturing company, from August 2008 to October 2009 and as its Senior Vice President and Chief Financial Officer from March 2004 to August 2008.
There are no arrangements or understandings between Mr. Lombardi and any other person to which he was elected as a director to the Company. Mr. Lombardi does not have an interest in any related party transactions required to be reported under Item 404(a) of Regulation S-K. The Board of Directors has determined that Mr. Lombardi is independent under the requirements of the New York Stock Exchange and the Company’s Corporate Governance Principles. Mr. Lombardi will receive the same compensation as is paid to other non-employee directors of the Company. As of his appointment to the Board of Directors, Mr. Lombardi did not beneficially own any common stock of the Company.
About ACCO BRANDS CORPORATION (NYSE:ACCO)
ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. It operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. ACCO Brands North America includes the United States and Canada, and ACCO Brands International includes the rest of the world, primarily Northern Europe, Brazil, Australia and Mexico. Its Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. These accessories include security products, input devices and ergonomic aids.