HSN Inc. (HSNI) filed a Form 8K – Changes in Company Executive Management – with the U.S Securities and Exchange Commission on July 07, 2016.
On July 7, 2016, the Board of Directors of HSN, Inc., a Delaware corporation (the “Company”), increased the size of the Board from nine to ten and appointed Fiona Dias as an additional member of the Board of Directors. Ms. Dias will also serve on the Compensation and Human Resources Committee.
Ms. Dias is currently Principal Digital Partner at Ryan Retail Consulting, a global consulting firm, and has held this position since January 2015. Previously, she was Chief Strategy Officer of ShopRunner, an online shopping service, from August 2011 to October 2014. Before that, she was Executive Vice President, Strategy & Marketing, of GSI Commerce, Inc., a provider of digital commerce solutions from February 2007 to June 2011. Prior to 2007, Ms. Dias was Executive Vice President and Chief Marketing Officer of Circuit City Stores, Inc., a specialty retailer of consumer electronics, and also held senior marketing positions with PepsiCo, Pennzoil-Quaker State Company and The Procter & Gamble Company.
Ms. Dias currently serves on the board of directors of Advance Auto Parts, Inc., a specialty retailer, since September 2009 and Realogy Holdings Corp, a real estate brokerage company, since June 2013. Ms. Dias previously served as a director of Choice Hotels, Inc., a hotel franchisor, from November 2004 to April 2012.
A copy of the press release announcing the election of Ms. Dias to the Company’s Board of Directors is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
There was no arrangement or understanding between Ms. Dias and any other person pursuant to which she was selected as a director. There is no family relationship between Ms. Dias and any of the Company’s other directors or executive officers. Ms. Dias does not have any direct or indirect material interest in any transaction in which the Company is a participant where the amount involved exceeds $120,000. Ms. Dias will receive cash and equity compensation for her services as a member of the Board of Directors in accordance with the Company’s director compensation policy described in the Company’s most recent Proxy Statement filed with the U.S. Securities and Exchange Commission on April 4, 2016.
The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1434729/000117184316011012/f8k_070716.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1434729/000117184316011012/0001171843-16-011012-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company’s financial position or the value of its shares.
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