Kid Brands, Inc. announced that Mr. Hugh Rovit, who is one of six current members of the company's board of directors, informed the board that, as a result of the anticipated demands of his succession to the position of CEO of Ellery Homestyles at the end of 2013, he will no longer seek re-election as a director at Kid Brands' 2013 annual meeting of shareholders. Mr. Rovit's decision not to stand for re-election is not the result of any disagreement with the company, and he will continue to serve as a director until the 2013 meeting, which is scheduled to occur on July 18, 2013. The board, following the recommendation of the company's nominating and governance committee, nominated Mr. Jan H. Loeb for election as a director at the 2013 meeting in place of Mr. Rovit.

Mr. Loeb, has since 2007 been the managing member of Leap Tide Capital Management LLC. From 2005 to 2007, Mr. Loeb was President of Leap Tide's predecessor, Leap Tide Capital Management Inc. Mr. Loeb has also been a consultant to Pernix Therapeutics Holdings, Inc. since August 31, 2011, he had been a director of that company from November 2006 to August 31, 2011 and chairman of its audit committee from October 2007 through August 2011.