The Board of Directors of the Company (the “Board”) elected Richard Bloom as the interim President and Chief Executive Officer of the Company, effective immediately.
Mr. Bloom, age 49, currently serves on the Board, and has served since June 2016. Mr. Bloom also serves as a director of WestMountain Gold, Inc., a publicly traded precious metals exploration company with an active gold mining project in Alaska, and has served since June 2016. Mr. Bloom also serves as a director of NexCore Group, LLC (formerly publicly traded as NexCore Healthcare Capital Corporation), a national healthcare real estate developer, operator and property manager, and has served since December 2010. He also serves as a director of GlideRite Corporation, a national field-service operator that provides equipment repair and maintenance service provider to the country’s largest retailers, and has served since June 2009. Additionally, he served as Executive Chairman of Arcata LLC (formerly MyPrint Corp), a web-based marketing execution services company, from 2009 through October 2011. He served as President and Chief Operating Officer of Renaissance Acquisition Corporation, a publicly traded special purpose acquisition company, from the date of their initial public offering in 2007 until 2009. Mr. Bloom served as the Chief Executive Officer of Caswell Massey, a branded personal care consumer product company with a catalog and internet sales division as well as retail stores throughout the country, from early 2006 to 2007, and as a director and Vice Chairman of Caswell Massey from 2003 to 2007. Mr. Bloom served as President, CEO, COO and various other positions of Marietta Corporation, a maker and marketer of personal care and household products for the country’s largest consumer product companies, from 1999 to 2006. Mr. Bloom also served as a director of Marietta Holding Corporation, the successor entity to Marietta Corporation, from 2004 to 2007, and as a director and President of BFMA Holding Corporation, which owned and operated Marietta Corporation, from 1996 to 2004. Mr. Bloom also served as a director of AmeriQual Group, LLC, the largest producer and supplier of meals ready-to-eat to the United States military, from 2005 to 2007. Mr. Bloom earned a BS summa cum laude in Economic Science from The Wharton School, University of Pennsylvania.
In connection with his election as interim President and Chief Executive Officer, Mr. Bloom resigned from the Company’s Audit Committee, of which he was also Chairperson, and from the Company’s Compensation Committee.
On October 28, 2016, in order to fill the vacancy resulting from Mr. Bloom’s resignation from the Audit Committee, the Board appointed Eric Singer to the Company’s Audit Committee, effective immediately. Brian Kelley was also appointed as the new Chairperson and financial expert of the Audit Committee.
