Business Context and Reporting Period
This Form 8-K is a current report filed by Prestige Brands Holdings, Inc. on June 8, 2009. The filing addresses a corporate governance change regarding the composition of the Board of Directors effective as of the 2009 Annual Meeting of Stockholders scheduled for August 4, 2009.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to disclosure under Regulation FD regarding board composition and does not contain financial performance data.
Material Changes
The primary material change disclosed is the reduction of the Board of Directors from ten members to seven members. Consequently, three directors—David A. Donnini, Ronald B. Gordon, and Raymond P. Silcock—will not stand for re-election at the conclusion of their current terms.
Guidance, Outlook, and Management Commentary
The Board has approved a slate of seven nominees for election to the Board for a one-year term ending at the 2010 Annual Meeting. The nominees are Mark Pettie, L. Dick Buell, John E. Byom, Gary E. Costley, Ph.D., Vincent J. Hemmer, Patrick M. Lonergan, and Peter C. Mann. No financial guidance, risk factors, or unusual items are discussed in this filing.
Key Facts for Investor Verification
- The Board size is being reduced from 10 to 7 members effective August 4, 2009.
- Directors David A. Donnini, Ronald B. Gordon, and Raymond P. Silcock are departing the Board.
- The new slate of nominees includes Mark Pettie, L. Dick Buell, John E. Byom, Gary E. Costley, Vincent J. Hemmer, Patrick M. Lonergan, and Peter C. Mann.
- This filing contains no financial results or forward-looking financial guidance.