STAMFORD, Conn., Jan. 5, 2017 /PRNewswire/ -- Cenveo, Inc.
(NYSE: CVO) (the "Company") announced today that James Moorhead has joined its board of directors
effective immediately. Mr. Moorhead is currently the Chief
Marketing Officer at Metromile, a leader in pay-per-mile car
insurance, where he is responsible for all marketing
efforts. Prior to that, James spent three years at Dish
Network as Senior Vice President, Chief Marketing Officer and
served on their executive leadership team. Previously, Mr.
Moorhead spent 11 years with Procter & Gamble in senior
marketing roles working with healthcare and grooming brands like
Prilosec OTC, Vicks, Gillette and Old Spice.
Mr. Moorhead will qualify as an independent director under all
applicable standards and will participate in standard independent
director compensation programs. In addition, Mr. Moorhead will
enter into the Company's standard indemnification
agreement. Lastly, no arrangement or understanding exists
between Mr. Moorhead and any other person pursuant to which he was
selected as a director of the Company. Mr. Moorhead will serve
on the Audit and Nominating & Governance Committees.
Robert G. Burton, Sr.,
Chairman and Chief Executive Officer, stated:
"I am
pleased to announce the appointment of James as Director of the
Company. James brings a wealth of experience in operating
complex businesses and his track record of increasing sales as well
as his industry knowledge will benefit Cenveo and our customers
tremendously. James brings a unique perspective to the board and I
want to personally welcome him to our team."
Cenveo also reported that it has received formal notification
from the New York Stock Exchange ("NYSE") that the Company is back
in full compliance under the NYSE's continued listing standards and
has been removed from its "Watch List." The reinstatement to full
compliance is a result of the Company's consistently positive
performance and execution of its business plan as submitted to the
NYSE and the Company's compliance with the NYSE's minimum market
capitalization standard.
Cenveo (NYSE: CVO), world headquartered in Stamford, Connecticut, is a leading global
provider of print and related resources, offering world-class
solutions in the areas of custom labels,
envelopes, commercial print, content management and
publisher solutions. The company provides a one-stop
offering through services ranging from design and content
management to fulfillment and distribution. With a worldwide
distribution platform, we pride ourselves on delivering quality
solutions and service every day to our customers. For more
information please visit us at
www.cenveo.com.
Statements made in this release, other than those concerning
historical financial information, may be considered
"forward-looking statements," which are based upon current
expectations and involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. In view of such
uncertainties, investors should not place undue reliance on our
forward-looking statements. Such statements speak only as of
the date of this release, and we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. Factors
which could cause actual results to differ materially from
management's expectations include, without limitation: (i) recent
United States and global economic
conditions have adversely affected us and could continue to do so;
(ii) our substantial level of indebtedness could materially
adversely affect our financial condition, liquidity and ability to
service or refinance our debt, and prevent us from fulfilling our
business obligations; (iii) our ability to pay the principal of, or
to reduce or refinance, our outstanding indebtedness depends on
many factors; (iv) the terms of our indebtedness imposing
significant restrictions on our operating and financial
flexibility; (v) additional borrowings available to us which could
further exacerbate our risk exposure from debt; (vi) our
ability to successfully integrate acquired businesses with our
business; (vii) a decline in our consolidated profitability or
profitability within one of our individual reporting units could
result in the impairment of our assets, including goodwill and
other long-lived assets; (viii) the industries in which we operate
our business are highly competitive and extremely fragmented; (ix)
a general absence of long-term customer agreements in our industry,
subjecting our business to quarterly and cyclical fluctuations; (x)
factors affecting the United
States postal services impacting demand for our products;
(xi) the availability of the Internet and other electronic media
adversely affecting our business; (xii) increases in paper costs
and decreases in the availability of raw materials; (xiii) our
labor relations; (xiv) our compliance with environmental
laws; (xv) our dependence on key management personnel; (xvi)
any failure, interruption or security lapse of our information
technology systems; and (xvii) statutory requirements that share
repurchases are subject to certain asset sufficiency standards This
list of factors is not exhaustive, and new factors may emerge or
changes to the foregoing factors may occur that would impact our
business. Additional information regarding these and other
factors can be found in Cenveo, Inc.'s periodic filings with the
SEC, which are available at www.cenveo.com.
Inquiries from analysts and investors should be directed to
Ayman Zameli at (203) 595-3063.
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SOURCE Cenveo, Inc.