Max Batzer to Join Summer Infant, Inc. Board of Directors
Company Expands Size of Board to Eight
WOONSOCKET, RI -- (Marketwire) -- 11/13/12 -- Summer Infant, Inc.
(Summer Infant) (NASDAQ: SUMR), a global leader in premium juvenile
products, today announced that Max Batzer, 68, has been elected as a
director of the Company's Board of Directors and as a member of the
Board's Strategic Planning and Nominating/Governance Committees,
effective November 12, 2012. The election of Mr. Batzer to the Board
brings the total number of directors to eight.
"Max will be a valuable asset to Summer's Board," said Jason Macari,
Chairman of the Board of Directors and CEO. "He brings a wealth of
experience from serving as a director for several public companies
throughout his long-tenured career. We look forward to benefitting
from his strong business acumen and solid financial background as we
execute on our strategy to grow the business and build shareholder
Since 1999, Mr. Batzer has served as a Portfolio Manager at
Wynnefield Capital, Inc. Prior to joining the firm, he was Chairman
of the Board and CEO of Diagnostic Health Services since 1991. Mr.
Batzer was a director at Cornell Companies and served on the Board's
Governance and Nominating Committee from 2007 and as Chair of its
Transaction Committee from its inception until the company was
acquired by The Geo Group (NYSE: GEO) in 2010. From 1981 until 1988,
he was director and executive committee member of Simmons Airlines,
Inc., a publicly traded regional airline. From 1981 through 1991, Mr.
Batzer was President of General Hide and Skin Corporation, a
worldwide commodity trading organization. Mr. Batzer obtained an
M.B.A. from the University of Arizona and a B.S. from the Wharton
School at the University of Pennsylvania.
About Summer Infant, Inc.
Based in Woonsocket, Rhode Island, the
Company is a designer, marketer and distributor of branded durable
juvenile health, safety and wellness products (for ages 0-3 years),
which are sold principally to large U.S. retailers. The Company
currently sells proprietary products in a number of different
categories, including nursery audio/video monitors, safety gates,
durable bath products, bed rails, nursery products, booster and potty
ling blankets, bouncers, travel accessories, highchairs,
swings, nursery furniture, infant feeding products, and car seats.
For more information about the Company, please visit
Certain statements in this release that are not historical fact may
be deemed "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and the Company intends that such
forward-looking statements be subject to the safe harbor created
thereby. These statements include, but are not limited to, those
relating to the Company's ability to grow the business and build
shareholder value. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by such forward-looking
statements. Such factors include the concentration of the Company's
business with retail customers; the ability of the Company to compete
in its industry; the Company's dependence on key personnel; the
Company's reliance on foreign suppliers; the Company's ability to
develop and market new products, the Company's ability to meet
required financial covenants under its loan agreement, the Company's
ability to integrate strategic acquisitions; and other risks as
detailed in the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2011, and subsequent filings with the
Securities and Exchange Commission. The Company assumes no obligation
to update the information contained in this press release.
Sharon Merrill Associates, Inc.
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