Party City Holdco Inc. (NYSE:PRTY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On January9, 2018, Jefferson M. Case resigned from the board of directors (the “Board”) of Party City Holdco Inc. (the “Company”). Mr.Case, along with Steven J. Collins, had been designated by Advent International Corporation (“Advent”) for election to the Board to the terms of the Amended and Restated Stockholders Agreement (the “Stockholders Agreement”) dated as of April21, 2015, by and among Party City Holdco Inc., THL PC Topco, L.P., Advent Party City Acquisition Limited Partnership and the other stockholders signatories thereto. Mr.Case’s resignation occurred in connection with Advent’s sale of all of its shares of common stock of the Company on December22, 2017. Mr.Collins continues to serve on the Board.
About Party City Holdco Inc. (NYSE:PRTY)
Party City Holdco Inc. is a party goods retailer and supplier of decorated party goods. The Company operates through two segments: Retail and Wholesale. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States and Canada, principally under the names Party City and Halloween City, and it operates e-commerce Websites, principally through the domain name PartyCity.com. The Retail segment also franchises both individual stores and franchise areas throughout the United States, Mexico, and Puerto Rico, principally under the name Party City. Its Party City network consists of approximately 860 superstore locations in the United States and approximately 50 locations in Canada.
