EVINE Live Inc. (EVLV) 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.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
| (d) | Appointment of Director |
On November 10, 2016, as permitted by the Amended and Restated
By-Laws of EVINE Live Inc. (the Company) and Minnesota corporate
law, the Board of Directors (the Board) appointed Mark Holdsworth
to the Board. His term is effective immediately and will continue
until the Companys 2017 Annual Meeting of Shareholders or until
his successor is elected and qualified, or until his earlier
death, resignation, removal or disqualification. Mr. Holdsworth
will also serve as a member of the Corporate Governance and
Nominating Committee and the Finance Committee.
Mr. Holdsworth is currently the co-founder and operating partner
of Tennenbaum Capital Partners, LLC, a Los Angeles-based private
multi-strategy investment firm with approximately $6.5 billion of
capital under management. He also serves as the founder of
Holdsworth Co., LLC, a family office focused on investments in
real estate, venture capital, common equities and privately owned
businesses. He has extensive experience investing in multiple
industries, including technology and media. Mr. Holdsworth also
has 17 years of experience serving on boards of directors for
companies in a variety of industries, currently serving on the
boards of Parsons Corporation and AGY Holding Corp. He
specializes in active management oversight, strategy, MA activity
and financing and, as a financial expert, is able to provide
knowledgeable insight to implement structures that can be used to
accelerate growth and improve financial flexibility. Mr.
Holdsworth received a B.A. from Pomona College in Physics, a B.S.
(Honors) from California Institute of Technology in Engineering
and Applied Science and an M.B.A. from Harvard Business School.
There are no arrangements or understandings between Mr.
Holdsworth and any other person(s) to which Mr. Holdsworth was or
is to be selected as a director of the Company, other than
arrangements or understandings with directors of the Company
acting solely in their capacities as such. There are no family
relationships between Mr. Holdsworth and any other director,
executive officer or person nominated or chosen by the Company to
become a director or executive officer of the Company.
There are no current or proposed transactions in which Mr.
Holdsworth or any related person of Mr. Holdsworth has an
interest that are required to be disclosed under Item 404(a) of
Regulation S-K promulgated by the Securities and Exchange
Commission. Mr. Holdsworth will receive a restricted stock grant
of the Companys common stock in an amount of 20,045 shares, which
will vest the day before the Companys 2017 Annual Meeting of
Shareholders, all in accordance with the Companys current
director equity compensation guidelines.
Following Mr. Holdsworths appointment, the Board consists of the
following eight directors: Thomas Beers, Neal Grabell, Landel
Hobbs, Mark Holdsworth, Lisa Letizio, Lowell Robinson, Robert
Rosenblatt and Fred Siegel.
About EVINE Live Inc. (EVLV)