August 18, 2017 11:16 PM ET

Specialty Retail

Company Overview of Vitamin Shoppe Industries Inc.

Company Overview

Vitamin Shoppe Industries Inc. retails and markets vitamins, supplements, and sports nutrition products. The company markets products through brands such as the Vitamin Shoppe, BodyTech, and Vitapath. It also sells its products through its catalog and website. The company is based in North Bergen, New Jersey. Vitamin Shoppe Industries Inc. operates as a subsidiary of Vitamin Shoppe, Inc.

2101 91st Street

North Bergen, NJ 07047

United States

Phone:

201-868-5959

Fax:

800-852-7153

Key Executives for Vitamin Shoppe Industries Inc.

Chairman, CEO, Chairman of Vitamin Shoppe Inc and CEO of Vitamin Shoppe Inc
Age: 64
Founder
Age: 70
Vice President of Retail
Compensation as of Fiscal Year 2017.

Vitamin Shoppe Industries Inc. Key Developments

Employment of Louis H. Weiss, Executive Vice President, Chief Merchandising and Marketing Officer of Vitamin Shoppe, Inc. and Vitamin Shoppe Industries, Inc. to End Effective January 31, 2016

The employment of Louis H. Weiss, Executive Vice President, Chief Merchandising and Marketing Officer of Vitamin Shoppe, Inc. and Vitamin Shoppe Industries, Inc., will end effective as of January 31, 2016, as a result of his position being eliminated.

The Vitamin Shoppe to Open 10 New Stores

The Vitamin Shoppe will open 10 new stores in Pennsylvania and New Jersey, most of them in the Philadelphia area. The company is opening a 3,156-square-foot store in Northeast Philadelphia's Roosevelt Mall, along with locations in Fairless Hills, Chadds Ford, Feasterville, and Paoli, and in Turnersville and Voorhees. The other new stores are in Lancaster, Wilkes-Barre and Dickson City.

Vitamin Shoppe Industries Inc., Vs Direct Inc., Vitamin Shoppe Mariner, Inc. and Vitamin Shoppe Global, Inc. Enters into Third Amendment to Amended and Restated Loan Agreement

On December 2, 2015, Vitamin Shoppe, Inc. (the “company”), as a guarantor, and its subsidiaries Vitamin Shoppe Industries Inc. (“VS Industries”), VS Direct Inc. (“VS Direct”), Vitamin Shoppe Mariner, Inc. (“VS Mariner”) and Vitamin Shoppe Global, Inc. (and collectively, with VS Industries, VS Direct and VS Mariner, the “Borrowers” and each a “Borrower”) entered into a third amendment to amended and restated loan and security agreement, with JPMorgan Chase Bank, N.A., in its capacity as agent for the lenders thereunder. The December 2015 amendment modifies certain provisions of the loan agreement to, among other things, (i) permit the issuance of up to $300 million in indebtedness convertible into common stock, (ii) add that any “fundamental change” in the indenture governing the notes convertible into the company’s common stock, par value $0.01 per share, expected to be issued by the company, will constitute a “change of control” under the loan agreement, (iii) provide that the related convertible note and hedge warrant agreements to be entered into in connection with the offering of the convertible notes do not constitute “indebtedness” under the loan agreement, (iv) provide that cash payments (other than regularly scheduled interest payments which are otherwise permitted) with respect to the convertible notes are permitted so long the required conditions are met and there is no default or event of default under the loan agreement, and (v) permit the company to deliver common stock upon conversion of the convertible notes.

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