Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On August 18, 2015, the Board of Directors (the "Board") of Charles & Colvard,
Ltd. (the "Company") appointed Jaqui Lividini and Suzanne Miglucci to serve as
directors of the Company. The Board also appointed Ms. Lividini to the Board's
Nominating and Governance Committee and Ms. Miglucci to the Board's Compensation
Ms. Lividini, age 53, has served as Chief Executive Officer and Founding Partner
of Lividini & Co., a brand strategy company that specializes in brand
development and marketplace positioning, engagement marketing, and retail
strategy, since May 2005. Previously, Ms. Lividini served as Senior Vice
President Fashion Merchandising & Communications at Saks Fifth Avenue from May
1999 to August 2004. Ms. Lividini also serves as Chairman of the Board of Women
In Need, Inc., anon-profit organization that provides housing, programs, and
critical services to New York City's homeless mothers and their children, and
serves on the Board of Trustees of the Fashion Institute of Technology, an
internationally recognized college for fashion, design, art, communications, and
Ms. Miglucci, age 54, has served as Chief Marketing Officer of ChannelAdvisor
Corporation ("ChannelAdvisor"), a software and services solution provider, since
June 2012. Prior to joining ChannelAdvisor, Ms. Miglucci served as Senior
Director, Global Procurement Solution Marketing, at SAP, a market leader in
enterprise application software, from November 2010 to March 2012. Prior to her
time at SAP, Ms. Miglucci served as a Strategic Marketing Consultant for
Miglucci on Marketing, LLC, a marketing consultant company, from January 2010 to
November 2010. Ms. Miglucci has also held executive marketing positions at
SciQuest, Inc., MicroMass Communications and Arsenal Digital Solutions.
Ms. Lividini and Ms. Miglucci were each granted a stock option to purchase
30,991 shares of the Company's common stock on August 18, 2015 pursuant to the
Company's Board of Directors Compensation Program, which was filed with the
Securities and Exchange Commission on March 13, 2015 as Exhibit 10.28 to the
Company's Form 10-K for the year ended December 31, 2014.
A copy of the press release announcing the appointment of Ms. Lividini and Ms.
Miglucci to the Board is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description of Document
99.1 Press Release dated August 20, 2015
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