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May 05, 2015 5:16 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Tumi Holdings, Inc.

Company Overview

Tumi Holdings, Inc. designs, produces, and markets a range of travel and business products, and accessories. It operates in four segments: Direct-to-Consumer North America; Direct-to-Consumer International; Indirect-to-Consumer North America; and Indirect-to-Consumer International. The company provides wheeled travel products and soft styles without wheels comprising satchels, garment bags, boarding totes, and cross-body bags; and business cases, including wheeled business cases, backpacks, messenger bags, day bags, and totes. It also offers accessories comprising agendas and planners, passport cases, mobile covers, umbrellas, and travel accessories, such as electric current adapters, key fo...

1001 Durham Avenue

South Plainfield, NJ 07080

United States

Founded in 1975

1,484 Employees

Phone:

908-756-4400

Key Executives for Tumi Holdings, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $885.0K
Chief Financial Officer, Executive Vice President and Director
Age: 65
Total Annual Compensation: $466.9K
President of Retail
Age: 51
Total Annual Compensation: $421.2K
Senior Vice President of Product Development, Manufacturing and Sourcing
Age: 58
Total Annual Compensation: $441.5K
Executive Vice President, General Counsel and Secretary
Age: 46
Total Annual Compensation: $396.0K
Compensation as of Fiscal Year 2014.

Tumi Holdings, Inc. Key Developments

TUMI Announces Global, Multi-Year Licensing Agreement with Incipio for Mobile Device Accessories

Incipio with TUMI announced a multi-territory, multi-year licensing agreement with leading global travel lifestyle brand, TUMI to produce a range of premium mobile device accessories. The strategic agreement will allow Incipio to manage the design, manufacturing and global distribution of TUMI branded mobile device accessories. As part of the license agreement, Incipio will introduce the TUMI brand to new, premium retail and distribution channels through leveraging Incipio’s established and wide-ranging presence in the mobile solutions industry. The terms of the agreement will also allow Incipio to expand the TUMI branded mobile device accessory category of protective smartphone and tablet cases to include an extensive power product assortment and audio product line. The comprehensive range of high-end accessories will integrate TUMI’s signature design aesthetic with refined materials and smart functionality that attribute to the TUMI Difference. The entire line of TUMI mobile device accessories is expected to range in price from $40 to $150 plus and will be available in international, premium consumer electronic retailers and carrier locations beginning in the fourth quarter of 2015.

Tumi Holdings, Inc. Replaces Grant Thornton with Deloitte & Touche LLP as Independent Registered Public Accounting Firm

The Audit Committee of the board of directors of Tumi Holdings, Inc. recently completed a process to determine which audit firm would serve as the company's independent registered public accounting firm. Grant Thornton has served as the company's independent registered public accounting firm since September 2003. On April 9, 2015, the company, with the approval of the Audit Committee, notified Grant Thornton that Grant Thornton was being dismissed as the company's independent registered public accounting firm, effective on April 9, 2015. On April 9, 2015, the Audit Committee approved the appointment of Deloitte & Touche LLP as the company's new independent registered public accounting firm commencing for the quarter ended March 29, 2015 and its fiscal year ending December 31, 2015.

Tumi Holdings, Inc., Annual General Meeting, May 04, 2015

Tumi Holdings, Inc., Annual General Meeting, May 04, 2015., at 09:00 US Eastern Standard Time. Location: At the offices of Skadden, Arps, Slate, Meagher & Flom LLP. Agenda: To consider election of directors to serve for a three-year term; to consider and approve, on an advisory basis, the compensation of the company's executive officers; and to transact any other business as may properly come before the Annual Meeting and any adjournments or postponements thereof.

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