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Last $2.15 USD
Change Today +0.10 / 4.88%
Volume 1.4K
SUMR On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 11:12 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

summer infant inc (SUMR) Snapshot

Open
$2.23
Previous Close
$2.05
Day High
$2.24
Day Low
$2.02
52 Week High
08/22/14 - $4.77
52 Week Low
11/10/14 - $1.74
Market Cap
39.1M
Average Volume 10 Days
15.8K
EPS TTM
$-0.01
Shares Outstanding
18.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SUMMER INFANT INC (SUMR)

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summer infant inc (SUMR) Details

Summer Infant, Inc., together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer, Born Free, and SwaddleM brand names. Its products include audio, video, and Internet viewable monitors; gates and home safety products, potties, bath, positioners, and infant health products; nursery products, such as wearable blankets, travel accessories, soothers, beddings, and swaddles; baby gear products, including high chairs, playards, bassinets, and strollers; and feeding products comprising bottles, drinking cups, bibs and placemats, electronics, and pacifiers. The company sells its products to large and national retailers, independent retailers, and international retail customers through a network of independent manufacturers' representatives and distributors, as well as through third-party Websites and its www.SummerInfant.com Website. Summer Infant, Inc. was founded in 1985 and is headquartered in Woonsocket, Rhode Island.

198 Employees
Last Reported Date: 03/4/15
Founded in 1985

summer infant inc (SUMR) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $32.9K
Consultant and Director
Total Annual Compensation: $44.3K
Compensation as of Fiscal Year 2014.

summer infant inc (SUMR) Key Developments

Summer Infant, Inc. Announces Executive Changes

As previously disclosed, on May 27, 2015, Summer Infant, Inc. (the ‘Company’) filed a complaint against, among other defendants, Carol E. Bramson, a member of the company’s Board of Directors, in the United States District Court for the District of Rhode Island (the ‘Complaint’). The complaint alleges that Ms. Bramson and two former employees of the Company ‘violated their unequivocal contractual obligations and betrayed their fiduciary duties to Summer by conspiring together and with several employees of a technology firm Rest Devices, Inc. (‘Rest’)—including Dulcie M. Madden (Chief Executive Officer of Rest) and Carson J. Darling (Chief Technology Officer of Rest) (the ‘Rest Defendants’), whom Summer had paid approximately $500,000 to work on Summer’s new products under strict confidentiality agreements—to intentionally steal Summer’s confidential and proprietary information, intellectual property, trade secrets, and business, branding and marketing strategies and exploit it for their own use to form a new startup company (the ‘New Startup’) to directly compete with Summer in the highly competitive juvenile products industry.’ The claims alleged against Ms. Bramson include violation of the Uniform Trade Secrets Act under Rhode Island law (Count I, paragraphs 121-127 of the Complaint), misappropriation of confidential information (Count II, paragraphs 128-132 of the Complaint), and breach of fiduciary duty (Count III, paragraphs 133-136 of the Complaint). In light of the allegations against Ms. Bramson as set forth in the Complaint, on June 10, 2015, the Company’s Board of Directors (other than Ms. Bramson), unanimously requested her resignation. Ms. Bramson failed to do so, and on June 30, 2015, through Ms. Bramson’s counsel, the Board informed Ms. Bramson that, if she failed to resign by close of business on July 1, 2015, the Company would seek to have its stockholders remove her from the Board for cause. On July 1, 2015, the Company received a letter from Ms. Bramson, through her counsel, pursuant to which she resigned as a member of the Board, effective immediately. The company accepted Ms. Bramson’s resignation upon receipt of the Resignation Letter.

Summer Infant, Inc. Appoints Ted Kelley as Senior Vice President, Global Sales, Effective from July 7, 2015

Summer Infant, Inc. announced that Ted Kelley has been appointed the Company's Senior Vice President, Global Sales effective July 7, 2015. Mr. Kelley brings 17 years of juvenile industry experience in sales, marketing, product development, and brand management from a number of companies in the industry. At Dorel's Juvenile Group, culminating in his most recent position as Executive Vice President of Sales /General Manager.

Kenneth Price Resigns as President of Global Sales & Marketing of Summer Infant, Inc, Effective on May 27, 2015

Summer Infant, Inc. announced that effective on May 27, 2015, Kenneth Price, President of Global Sales & Marketing of Summer Infant, Inc. is no longer employed by the Company.

 

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SUMR Competitors

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Company Last Change
Blyth Inc $4.73 USD -0.12
CSS Industries Inc $28.56 USD -1.33
Dorel Industries Inc C$33.25 CAD +0.68
View Industry Companies
 

Industry Analysis

SUMR

Industry Average

Valuation SUMR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.4x
Price/Cash Flow 7.9x
TEV/Sales NM Not Meaningful
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