HSN, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment Certain Officers; Compensatory Arrangements of Certain
On September 13, 2013, the Board of Directors of HSN, Inc., a Delaware
corporation (the "Company"), increased the size of the Board from nine to ten
and appointed Matthew Rubel as an additional member of the Board of Directors.
Mr. Rubel currently serves as a Senior Advisor with TPG Capital, a leading
global private investment firm with over $50 billion of capital under
management. Until 2011, Mr. Rubel was the Chairman, President and Chief
Executive Officer of Collective Brands, Inc., the holding company for Payless
ShoeSource, Collective Brands Performance Lifestyle Group and Collective
Licensing International and a leader in lifestyle, fashion and performance
brands for footwear and related accessories. Mr. Rubel joined Collective Brands
in 2005 as Chief Executive Officer and President. Among many qualifications,
Mr. Rubel brings significant retail and branding experience and experience as a
chief executive officer of a large public company, including managing a
significant business transformation.
Mr. Rubel is a member of the board of directors of SUPERVALU Inc., grocery
industry leader, providing supply chain and wholesale distribution services, as
well as serving customers through more than 3,400 owned, licensed, franchised
and affiliated stores across the United States, and serves as Chairman of its
Leadership Development and Compensation Committee. Mr. Rubel is also a director
and serves as Chairman of the Governance Committee for Hudson's Bay Company, an
owner and operator of department and other specialty stores in Canada and the
United States. From 2005 until 2011, Mr. Rubel was a director of Collective
Brands, Inc., and from 2006 to 2008, Mr. Rubel was a director of Furniture
Brands International, Inc., a company that designs, manufactures, sources and
sells home furnishings.
A copy of the press release announcing the election of Mr. Rubel 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 Mr. Rubel and any other person
pursuant to which he was selected as a director. There is no family relationship
between Mr. Rubel and any of the Company's other directors or executive
officers. Mr. Rubel 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. Mr. Rubel will receive cash compensation for his services as a
member of the Board of Directors in accordance with the Company's director
compensation policy approved effective August 20, 2008, as amended, and
described in the Company's most recent Proxy Statement filed with the U.S.
Securities and Exchange Commission on March 25, 2013.
Item 9.01 Financial Statements and Exhibits
99.1 Press Release dated September 17, 2013
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