August 30, 2016 2:12 PM ET

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Company Overview of Klipsch Group, Inc.

Company Overview

Klipsch Group, Inc., through its subsidiaries, engages in the design, manufacture, and distribution of loudspeakers for audio, multi-media, and home theater applications. It offers home audio/home theater products; personal audio products, including headphones, iPod docks, and computer speakers; wireless music systems; and commercial sound products, such as cinema speakers and business music systems. The company also provides custom installation services to the residential contracting market. Klipsch Group, Inc. sells its products to distributors under the Energy, Mirage, Klipsch, and Jamo speaker brands. The company was founded in 1946 and is headquartered in Indianapolis, Indiana. As of Ma...

3502 Woodview Trace

Suite 200

Indianapolis, IN 46268

United States

Founded in 1946





Key Executives for Klipsch Group, Inc.

Chief executive officer and President
Age: 58
Chief Financial Officer and Treasurer
Age: 59
Chief Operating Officer
Chief Counsel, President of Business Development and Executive Vice President
Age: 53
Senior Vice President of Corporate Development
Compensation as of Fiscal Year 2016.

Klipsch Group, Inc. Key Developments

Klipsch Group, Inc. Promotes Vince Bonacorsi to Senior Director, Strategic Business Development

Klipsch Group, Inc. announced the promotion of Vince Bonacorsi to Senior Director, Strategic Business Development. Bonacorsi, who previously served as Director of Sales in France, assumes his new role following a nine-year career in finance and sales operations with Klipsch Group. Bonacorsi will work alongside the executive leadership team at Klipsch Group to strategically build a scalable enterprise in new and existing global markets and channels of distribution. Several key initiatives include implementing a CRM platform, establishing improved brand presence and increasing consumer conversion rates on a global basis.

Klipsch Group, Inc. Announces Executive Promotions

Klipsch Group, Inc. announced the appointment of Mark Casavant to Senior Vice President of Global Brand and Business Development, David Westfall to Vice President of Global Export, and Matt Spitznagle to Director of Technology and Innovation. Mark Casavant, who previously served as SVP of Product Development, assumes the Senior Vice President of Global Brand and Business Development role following a career of sales, training, market and product development management that includes 25 years with the company. He is immediately focused on building export markets as the Klipsch Group brand evangelist, product expert, world-class trainer and face of the company. He will also provide sales and product development guidance, while ensuring the company is an even stronger competitor in new and existing markets. For the long term, Casavant is focused on performance excellence as he connects the company's rich history and legacy to its future as a tech-driven, forward-thinking audio company. David 'Westy' Westfall, who previously served as Regional Vice President Asia Pacific, has been promoted to Vice President of Global Export after nine years in sales, training and customer service management at Klipsch. Westfall will build a team of internal resources, based in the headquartered Indianapolis office, focused on and dedicated to servicing distributors and the development and growth of both the Klipsch and Jamo brands in the global export markets. Matt Spitznagle, previously Manager, Electronics Engineering for Klipsch Group is now Director of Technology and Innovation following an 11-year career at the company. Spitznagle will play a key role in leading the company's transformation as an innovative, tech-driven audio company. He will develop platforms and innovative audio solutions that cater to the way people access and listen to music around the world.

Klipsch Group, Inc. Launches Energy Connoisseur CS-30 Soundbar

Klipsch Group, Inc. launched Energy Connoisseur CS-30 soundbar. The brand's first soundbar in the Connoisseur Series instantly upgrades television sound with undeniable power, the convenience of plug n' play functionality, Dolby Digital decoding, 3D surround mode and streaming capabilities using Bluetooth wireless technology. The Energy Connoisseur CS-30 soundbar enters the speaker lineup offering users sonic accuracy and dramatic spatial reproduction of the live concert experience. The soundbar's acoustic performance stays true to Energy sound principles, presenting flat on-axis frequency response, wide and constant dispersion, as well as minimal levels of distortion and resonance. The two-way soundbar utilizes premium drivers and two lightweight ¾-inch textile dome tweeters to distinctive high-frequency detail while two 3-inch polypropylene woofers round out the enhanced sound with crisp vocals and dynamic soundtracks. The soundbar delivers simulated 3D surround mode for immersive listening. Included with the soundbar is a commanding 8-inch side-firing wireless subwoofer that is housed in a MDF cabinet with a slot-port design for deep, powerful bass. The subwoofer pairs automatically with the soundbar given its sophisticated wireless technology. The Energy Connoisseur CS-30 soundbar is compatible with most Bluetooth wireless enabled devices and also offers aptX audio coding technology for lossless, high-quality music streaming. Its Dolby Digital decoder allows the soundbar to automatically reproduce detailed sounds no matter what format of sound is coming from the TV's output. Removable feet and included keyhole mounts provide placement flexibility for the soundbar to be mounted to a wall or rest in front of the TV. An included digital optical cable connects a TV's digital output to the back of the soundbar. For the few TV's without an optical audio output, there is a two-channel analog input.

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