Sponsors
Billabong ▲ +0.015 | PPR ▲ +1.05 | American Apparel ▲ +0.008 | The Buckle ▼ -0.07 | Columbia ▼ -0.49 | Deckers Outdoor ▼ -0.13 | Dicks ▼ -0.15 | Foot Locker ▲ +0.12 | Genesco ▼ -2.64 | Iconix Brand Group ▲ +0.13 | Jarden Corp ▲ +0.16 | Nordstrom ▼ -0.39 | Luxottica ▲ +0.57 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.22 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.30 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.20 | Macys ▼ -0.07 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

STOKES ME: Deadline today to enter SIMA Humanitarian Fund's Bowl-a-thon fundraiser.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Orange 21 CFO resigns

By Tiffany Montgomery
February 16, 2010 10:37 AM

Orange 21, the parent company of Spy Optics, said today that CFO Jerry Collazo has resigned to "pursue other opportunities."

CEO A. Stone Douglass will now take on CFO duties as well, and the company has no immediate plans to replace Collazo, according to a filing with the SEC.

The board of directors also named fellow board member Seth Harmot as chairman, replacing Douglass.

Orange 21 has experienced some turmoil recently after a dispute with No Fear and Mark Simo. No Fear is a large holder of Orange 21 stock, according to Orange 21's annual report. Orange 21 claimed No Fear owed the company nearly $1 million for product it had shipped to No Fear stores.

Mark Simo of No Fear claimed Orange 21 owed him $600,000 in compensation for his two-year tenure as CEO of Orange 21, which ended in 2008.

The two sides eventually settled their differences. To settle the claims, Simo's No Fear agreed to pay Orange 21 subsidiary Spy Optics's U.S. and Italian companies a total of $736,350 in cash and return credits. And Orange 21 agreed to give No Fear $600,000 in credits toward the purchase of future Spy products by No Fear.


 


Articles You Might Have Missed