Electric housewares maker Salton, Inc. announced its board of directors appointed David Maura as a director.
Maura is a consultant to Harbinger Capital Partners Master Fund I, Ltd. Harbinger Capital Partners purchased 30,000 shares of Salton's Series A Voting Convertible Preferred Stock, which is currently convertible into approximately 2,647,067 shares of Salton common stock, from affiliates of Centre Partners Management LLC.
In connection with that transaction, Robert A. Bergmann and Bruce G. Pollack, directors designated by Centre Partners, resigned from the board of directors. Centre Partners and its affiliates continue to own 544,852 shares of common stock and 10,000 shares of Series A Voting Convertible Preferred Stock.
Maura previously was a managing director at First Albany Capital, where he focused on distressed debt and special situations in the consumer products & retail sectors of the high yield market.
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