July 23, 2017 9:25 PM ET

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Company Overview of Affinion Group Holdings, Inc.

Company Overview

Affinion Group Holdings, Inc. engages in designing, marketing, and servicing customer engagement and loyalty solutions worldwide. It develops programs and solutions that motivate and inspire loyalty. The company, through its proprietary technology platforms and end-to-end customer service capabilities, designs, administers, and fulfills loyalty, customer engagement, and insurance programs. Its programs and solutions include loyalty programs and solutions that help reward, motivate, and retain consumers. The company creates and manages various aspects of its clients' points-based loyalty programs, including design, platform, analytics, points management, and fulfillment; and provides loyalty ...

6 High Ridge Park

Stamford, CT 06905

United States

Founded in 1973

3,370 Employees

Phone:

203-956-1000

Key Executives for Affinion Group Holdings, Inc.

CEO & Director
Age: 46
Total Annual Compensation: $1.4M
President & MD of Global Customer Engagement
Age: 49
Total Annual Compensation: $694.6K
CFO & Executive VP
Age: 46
Total Annual Compensation: $779.0K
COO & Executive VP
Age: 48
Total Annual Compensation: $779.0K
Executive VP & President of Connexions Loyalty
Age: 51
Total Annual Compensation: $578.4K
Compensation as of Fiscal Year 2016.

Affinion Group Holdings, Inc. Key Developments

Affinion Group Holdings, Inc. Announces Board Changes

On and effective as of July 17, 2017, each of Messrs. L. Spencer Wells, Skip Victor and David L. Resnick resigned from the board of directors of Affinion Group Holdings, Inc. and from any of the committees each of them was then serving on. On and effective as of July 20, 2017, Mr. Mark R. Vondrasek resigned from the audit committee of the board of directors of the company, and Mr. Rick P. Frier resigned from the compensation committee of the board of directors Of the company. Mr. Vondrasek continues to serve as a member of the board of directors Of the company and a member of the compensation committee of the board of directors, and Mr. Frier continues to serve as a member of the board of directors and the chairperson of the audit committee of the board of directors. On and effective as of July 20, 2017, the board of directors of the company appointed Messrs. Christophe Browne, Gilbert S. Palter, Austin Camporin and Michael Iaccarino to serve as members of the board of directors to fill the vacancies resulting from the resignations of Messrs. Wells, Victor and Resnick. Messrs. Browne and Camporin will serve as Class III directors until the 2019 annual meeting of stockholders and Messrs. Palter and Iaccarino will serve as Class II directors until the 2018 annual meeting of stockholders. Mr. Palter was appointed to serve as the chairperson of the board of directors of Affinion Holdings to fill the position previously held by Mr. Wells. In addition, Messrs. Browne and Iaccarino were appointed to serve as members of the audit committee of the board of directors of the company and Messrs. Palter and Camporin were appointed to serve as members of the compensation committee of the board of directors, in each case to fill a vacancy resulting from the resignations. Mr. Palter was appointed to serve as the chairperson of the compensation committee of the board of directors to fill the position previously held by Mr. Victor. Messrs. Browne and Palter are the nominees of Metro SPV LLC. Mr. Browne is a Managing Director of ICG. Messrs. Camporin and Iaccarino are the nominees of affiliates of Elliott Management Corporation (Elliott). Mr. Camporin is an Associate Portfolio Manager of Elliott. Mr. Iaccarino is Chairman and Chief Executive Offer of Infogroup and is the former Chief Executive Officer of Epsilon.

Affinion Group Holdings, Inc. Completes Redemption of its Outstanding 13.75%/14.50% Senior Secured PIK/Toggle Notes Due 2018

On July 17, 2017, Affinion Group Holdings, Inc. (Affinion Holdings) completed its previously announced redemption (Existing Holdings Notes Redemption) of all of its outstanding 13.75%/14.50% Senior Secured PIK/Toggle Notes due 2018 (CUSIP No. 008294 AE0), originally issued on December 12, 2013 (Existing Holdings Notes). The total redemption price for the Existing Holdings Notes Redemption was 103.4375% of the principal amount of the Existing Holdings Notes, plus accrued and unpaid interest to, but not including, the redemption date of July 15, 2017. Affinion Holdings used proceeds from the issuance of Additional Notes pursuant to the previously disclosed Investor Purchase Agreement, dated as of March 31, 2017, amended and restated as of May 9, 2017, among Affinion Holdings, Affinion Group, Inc., Affinion Investments, LLC (Affinion Investments) and certain investors party thereto (Investors), to effect the Existing Holdings Notes Redemption. On July 17, 2017, Affinion Holdings and Wells Fargo Bank, National Association, as trustee under the Indenture, dated as of December 12, 2013, between Affinion Holdings and the Existing Holdings Notes Trustee, entered into a Satisfaction and Discharge Agreement to satisfy and discharge the Existing Holdings Notes Indenture and the obligations of Affinion Holdings thereunder.

Affinion Group Holdings, Inc., Annual General Meeting, Jun 01, 2017

Affinion Group Holdings, Inc., Annual General Meeting, Jun 01, 2017, at 10:00 US Eastern Standard Time. Location: executive offices located at 6 High Ridge Park Stamford, CT 06905 United States Agenda: To elect two Class I directors to the Board of Directors of the Company for a three-year term to expire at the 2020 Annual Meeting of Stockholders; to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the year ending December 31, 2017; to approve on an advisory, non-binding basis the compensation; to approve on an advisory, non-binding basis the frequency of the stockholder advisory vote on executive compensation; and to transact such other business as may properly come before the meeting and any adjournment(s) or postponement(s) thereof.

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