Spectrum Group Announces New Appointments to Its Board of Directors
03 October 2012 - 6:51AM
Business Wire
Spectrum Group International, Inc. (SPGZ.PK) announced today
that its Board of Directors, on the recommendation of the
Nominating Committee, has voted to appoint Joel R. Anderson and
Ellis Landau to fill vacancies on its Board of Directors. Both
appointments were effective October 1, 2012.
Mr. Anderson, age 68, is the Chairman and Director of Anderson
Media Corporation, the country’s largest distributor and
merchandiser of pre-recorded music and a major distributor of
books, and is also the Chairman and Director of various affiliated
companies, including TNT Fireworks, the country’s largest importer
and distributor of consumer fireworks; Anderson Press, a major
publisher of children’s books and associated children’s product;
and Whitman Publishing Company, the leading publisher of books and
related products for coin collections.
Mr. Anderson has been a member of the Board of Trustees of the
American Numismatic Society since 2006 and serves on its Nominating
and Governance Committee. He is also a lifetime member of the
American Numismatic Association. Mr. Anderson, together with family
members, owns a controlling interest in Stack’s, LLC, the Company’s
joint venture partner in Stack’s Bowers Galleries, its rare coin
and currency coin auction house.
Mr. Anderson was appointed to the Board of Directors as a Class
III director, to serve until the 2012 annual meeting.
Mr. Landau, age 68, is President, Treasurer and Director
of ALST Casino Holdco, LLC, the holding company of Aliante Gaming,
LLC, which owns and operates Aliante Station Casino + Hotel in Las
Vegas, Nevada. Mr. Landau was formerly a member of the Board
of Directors of Pinnacle Entertainment, Inc. (NYSE:PNK), a leading
gaming company, where he served as Chairman of the Audit Committee
and as a member of its Nominating and Governance Committee and its
Compliance Committee. In 2006, Mr. Landau retired as Executive
Vice President and Chief Financial Officer of Boyd Gaming
Corporation (NYSE: BYD), a position he held since he joined the
company in 1990. The Board appointed Mr. Landau as an independent
director, to serve as a Class I director until the 2013 annual
meeting.
Greg Roberts, President and CEO, commented, “With his
long-standing business experience and in-depth knowledge of the
coin industry, we have no doubt that Joel will contribute
immeasurably to our Board of Directors.”
Chairman of the Board Jeffrey Benjamin added, “Ellis’s
operational and financial expertise will be an asset to the
Company. I am confident that both Joel and Ellis will be valuable
additions to our Board.”
About Spectrum Group
Spectrum Group International, Inc. (together with its
subsidiaries, “we,” the “Company” or “SGI”) is a global trading and
collectibles network and a designated Fortune 500 company. We are a
trader of precious metals and an auctioneer of coins and wine,
serving both collectors and dealers. We are also a merchant/dealer
of certain collectibles. Our collectibles offerings span the price
spectrum from modest to ultra-high end. Furthermore, we offer loans
to coin dealers, collectors and investors backed by their precious
metals, rare coins, and other collectibles as collateral.
Our Trading business is conducted through A-Mark Precious
Metals, Inc. (“A-Mark”) and its subsidiaries. A-Mark is a
full-service precious metal trading company, and an official
distributor for many government mints throughout the world. A-Mark
products include gold, silver, platinum and palladium for storage
and delivery in the form of coins, bars, wafers and grain, and our
services include financing, leasing, consignment, hedging and
various customized financial programs. A-Mark’s subsidiary,
Collateral Finance Corporation, provides financing on a wide array
of bullion and numismatic products.
Our Collectibles business operates as an integrated network of
leading companies concentrating on numismatic materials and rare
and fine vintage wine. We have offices and auction houses in North
America, Europe and Asia. In addition to traditional live auctions,
we also conduct Internet and telephone auctions.
Spectrum Group’s Collectibles companies in the numismatics field
include Stack’s Bowers Galleries (rare coin and currency auction
house), Stack’s Bowers and Ponterio (world and ancient coins and
currency auction house), Teletrade (online coin auctions), and
Spectrum Numismatics International (wholesale rare coin dealer),
all based in Irvine, California. Spectrum Wine Auctions is engaged
in the sale by auction of rare and fine vintage wine.
Spectrum (CE) (USOTC:SPGZ)
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