Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 7, 2020, the Board of Directors of Regional Brands Inc. (the
"Company") appointed Sanjay Singh as a director of the Company and as a member
of the Company's Audit Committee. Mr. Singh has been appointed to fill the
vacancy on the Board of Directors created by the director resignation previously
disclosed by the Company on December 18, 2019.
Mr. Singh, age 53, has served as the President of RKI, Inc., d/b/a Roll-Kraft,
headquartered in Mentor, Ohio, since November 2015. Prior to that he was
Executive Vice President of Roll-Kraft from July 2013 to November 2015.
Roll-Kraft is an innovative supplier of tube and pipe tooling and roll forming
tooling used by manufacturers around the world to produce thousands of products.
At Roll-Kraft, Mr. Singh directs and leads the company's efforts to excel in
operational efficiencies and market penetration. He has most recently sharpened
Roll-Kraft's continuous improvement focus to meet Roll Kraft's goals of 100%
on-time delivery and first-time performance. Mr. Singh also leads Roll Kraft's
private investment initiatives in lower middle market companies located in
northeast Ohio. Mr. Singh has held various financial executive leadership roles
in Fortune 1000, privately held and private equity backed portfolio companies
across various industries, including consumer products, manufacturing and
service. Mr. Singh currently serves as a director of Mace Security
International, Inc., a manufacturer of personal safety products (OTCQX: MACE),
and as a member of the Boards of three non-profit organizations and an advisor
to the Board of a technology startup.
There is no arrangement or understanding between Mr. Singh and any other person
pursuant to which Mr. Singh was elected as a director of the Company. Mr. Singh
has not entered into any related party transactions with the Company that are
required to be disclosed pursuant to Item 404(a) of Regulation S-K.
As a director, Mr. Singh will participate in the Company's current program for
the compensation of non-employee directors, which is described under the caption
"Director Compensation" in "Item 11. Executive Compensation" of the Company's
Annual Report on Form 10-K for the year ended December 31, 2018 filed with
Securities and Exchange Commission.
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