School Specialty, Inc. Appoints Justin C. Jacobs as Independent Member of Board of Directors, Effective March 15, 2018; Completes Amendments to Senior Credit Facilities
March 14, 2019 at 03:33 am EDT
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School Specialty, Inc. announced the appointment of Justin C. Jacobs as the independent member of company's Board of Directors, effective March 15, 2019. Mr. Jacobs has served as Managing Director of Mill Road Capital, an investment firm, since 2005. Prior to joining Mill Road Capital, Mr. Jacobs worked at LiveWire Capital, an operationally-focused investment firm. Mr. Jacobs has held leadership positions in numerous portfolio companies including as interim Chief Operating Officer.
The company executed amendments to its senior credit facilities on March 13, 2019, with an effective date of December 28, 2018. These amendments provide, among other items, increased flexibility to certain financial covenants and expanded borrowing capacity.
SSI Liquidating, Inc., formerly School Specialty, Inc. (SSI), is a distributor of supplies, furniture, technology products, supplemental learning products (instructional solutions) and curriculum solutions, primarily to the education marketplace. It designs, develops and provides educators with its own products and services. Its segments include Distribution and curriculum. Distribution segment offers products that include basic classroom supplies and office products, supplemental learning materials, physical education equipment and classroom technology. Curriculum segment is a PreK-12 curriculum-based publisher of products in the categories of science and reading and literacy. Through its SSI Guardian subsidiary, the Company provides curriculum, training and safety and security products for school, healthcare and corporate workplace. Its SOAR life products are a customized offering for hospitals, long-term care, therapeutic facilities, home care, surgery centers and clinics.
School Specialty, Inc. Appoints Justin C. Jacobs as Independent Member of Board of Directors, Effective March 15, 2018; Completes Amendments to Senior Credit Facilities
SCHOOL SPECIALTY, LLC 
