Knoll Declares Cash Dividend; Company Appoints Daniel W. Dienst to Board of Directors
August 09 2017 - 4:47PM
Knoll, Inc., (NYSE:KNL), a leading designer and manufacturer of
branded furniture, textiles, leathers and architectural and
acoustical elements, recognized for innovation and modern design,
today announced that the Company's Board of Directors declared a
quarterly cash dividend of $0.15 per share payable September 29,
2017 to shareholders of record on September 15, 2017.
The declaration and payment of dividends is subject to the
discretion of the Board of Directors and depends on various
factors, including our net income, restrictions in our credit
facility, financial position, cash requirements and other factors
deemed relevant by our Board of Directors.
The Company also announced the appointment of Daniel W. Dienst
to its Board of Directors. Most recently Mr. Dienst served as a
Director and Chief Executive Officer of Martha Stewart Living
Omnimedia, Inc. until its December 2015 sale to Sequential Brands,
Inc. Prior, he served as the Group Chief Executive of Sims
Metal Management, Ltd., the world’s largest publicly listed metal
and electronics recycler. Under Mr. Dienst’s leadership, Sims
Metal Management Ltd. was named for 5 consecutive years to the
Global Top 100 Most Sustainable Corporations in the World at the
World Economic Forum in Davos, Switzerland. Prior, Mr. Dienst held
various positions with CIBC World Markets Corp., a diversified
global financial services firm, including Managing Director of the
Corporate and Leveraged Finance Group.
He has also served as a director of 1st Dibs, Inc., the
e-commerce business that connects the world's best dealers, finest
shops and most important galleries with sophisticated collectors,
designers and curators.
Andrew B. Cogan, Knoll President and CEO, stated, "We are very
pleased to welcome Dan to our Board, and expect to benefit from his
strategic insight and financial acumen as we drive growth in the
years ahead."
Mr. Dienst holds a B.A. from Washington University, St. Louis
and a J.D. from the Brooklyn Law School.
About Knoll
Knoll, Inc. is a constellation of design-driven brands and
people, working together with our clients to create inspired modern
interiors. Our internationally recognized portfolio includes
furniture, textiles, leathers, accessories, and architectural and
acoustical elements brands. These brands — Knoll Office,
KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt,
Edelman Leather, HOLLY HUNT, and DatesWeiser — reflect our
commitment to modern design that meets the diverse requirements of
high performance workplaces and luxury interiors. A recipient of
the National Design Award for Corporate and Institutional
Achievement from the Smithsonian`s Cooper-Hewitt, National Design
Museum, Knoll, Inc. is aligned with the U.S. Green Building Council
and the Canadian Green Building Council and can help organizations
achieve the Leadership in Energy and Environmental Design (LEED)
workplace certification. Knoll, Inc. is the founding sponsor of the
World Monuments Fund Modernism at Risk program.
Investors:
Andrew B. Cogan
President and Chief Executive Officer
Tel 212 343-4010
acogan@knoll.com
Media:
David E. Bright
Senior Vice President, Communications
Tel 212 343-4135
dbright@knoll.com
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