CSS Industries, Inc. (NYSE:CSS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
(d) |
(1)On January 29, 2019, our Board of Directors (“Board”) elected Melissa Ludwig as a member of the Board. |
(2)There are no arrangements or understandings between Ms. Ludwig and any other persons to which Ms. Ludwig was selected as a director.
(3)With respect to Ms. Ludwig and members of her immediate family, there have been no past transactions, and there are no currently proposed transactions, described in Item 404(a) of Regulation S-K.
(4)Ms. Ludwig will participate in the same compensation arrangements as our other non-employee directors. For her service as a non-employee director, she will receive an annual fee of $52,500. In addition, she will receive attendance fees if she attends more than twelve Board meetings in a given fiscal year. Attendance fees are equal to $1,500 for each Board meeting attended in excess of twelve, except that the fee for attendance at Board meetings held telephonically and of not more than one hour in duration is $750.00. Further, all non-employee directors, including Ms. Ludwig, are eligible to receive equity compensation awards under our 2013 Equity Compensation Plan.
About CSS Industries, Inc. (NYSE:CSS)
CSS Industries, Inc. is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items. Its Christmas products include decorative ribbons and bows, boxed greeting cards, gift tags, gift bags, gift boxes, gift card holders, tissue paper and decorations. Valentine product offerings include classroom exchange Valentine cards and other related Valentine products, while its Easter product offerings include Dudley’s brand of Easter egg dyes and related Easter seasonal products. Its brands include Paper Magic, Berwick, Offray and others.