BRIEF: Hussey leaves Furniture Brands board [St. Louis Post-Dispatch]
(St. Louis Post-Dispatch (MO) Via Acquire Media NewsEdge) Aug. 29--Kent J. Hussey has resigned as a director of Furniture Brands International after only 15 months on the board of the troubled furniture maker.
Furniture Brands said in a regulatory filing today that Hussey resigned last Friday. His decision to leave the board was not a result of disagreements with the company or with matters related to company operations, the filing said.
Hussey joined the Furniture Brands board in May 2012 after retiring from Spectrum Brands Inc. He is a former chief executive of Spectrum, a consumer products company that emerged from bankruptcy in 2009.
Clayton-based Furniture Brands voluntarily delisted its stock this week from the New York Stock Exchange because its market capitalization had fallen below the NYSE's listing requirement. Furniture Brands shares trade now on the over-the-counter market.
The delisting announcement occurred last week after a news report that the company had hired turnaround advisers to examine restructuring possibilities, including a potential bankruptcy.
Furniture Brands is among the largest residential furniture makers in the United States. It sells under the Broyhill, Lane, Drexel Heritage and Thomasville brands.
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