July 24, 2016 1:07 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of American Achievement Corporation

Company Overview

American Achievement Corporation, through its subsidiaries, manufactures, distributes, and sells commemorative jewelry and recognition products. It offers class rings, yearbooks and other fine books, graduation products, achievement publications, recognition publications, personalized affinity jewelry, military rings, bridal jewelry, and rings for accomplishments in the sport of bowling. American Achievement Corporation sells its products directly to students in high schools and college bookstores, national jewelry retailers, independent jewelry stores, and mass merchandisers. The company was formerly known as Commemorative Brands Holding Corp. and changed its name to American Achievement Co...

7211 Circle South Road

Austin, TX 78745

United States

Founded in 1996

1,507 Employees

Phone:

512-444-0571

Fax:

512-443-5213

Key Executives for American Achievement Corporation

Chief Executive Officer and President
Age: 51
Executive Chairman
Age: 57
Executive Vice President and Secretary
Age: 56
Compensation as of Fiscal Year 2016.

American Achievement Corporation Key Developments

American Achievement Corporation Announces Executive Changes

American Achievement Corporation announced it has named Robert "Bob" Myers as President and Chief Executive Officer, effective March 14, 2016. Current President and Chief Executive Officer, Steven Parr, will assume the role of Executive Chairman of the Board of AAC and will work closely with Mr. Myers through a transition phase. Mr. Myers, has over 30 years of experience in the merchandise and retail industries, with a focus on sales, marketing, product development and omni-channel distribution strategies. He most recently served as President and Chief Executive Officer of Sheplers.

American Achievement Corporation Closes the Private Placement of $467 Million Aggregate Principal Amount of New Revolving Credit Facility

American Achievement Corporation announced the closing of the private placement of $467 million aggregate principal amount of new revolving credit facility, first lien term loan, senior subordinated notes and preferred stock. The proceeds of this offering will be used to refinance the Company's existing revolving credit facility and $365 million of 10.875% senior secured notes due in 2016. In addition, the recapitalization will allow AAC to redeem or exchange all outstanding Series A Preferred Stock at the Company's indirect parent, American Achievement Group Holding Corp., redeem certain minority holders of common stock and warrants and pay related fees and expenses.

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