American Apparel Inc.’s board of directors moved one step closer to full occupancy Thursday.
David Danziger, a Toronto-based financial consultant and accountant, has been elected a director of the company and will serve on its audit and enterprise risk management committees, the retailer said in a Securities and Exchange Commission filing late Thursday.
Additionally, Marvin Igelman has been elected to serve as a director and member of the audit committee “effective automatically upon the occurrence or creation of a future vacancy on the board or such committee.” Igelman was the chief strategy officer of Poynt Corp., a Canadian firm, and was earlier the chief executive officer of Unomobi Inc., a mobile advertising firm he founded.
Danziger’s addition fills a vacancy created by the May resignation of Keith Miller, returning the size of the board to seven. However, two of those seats are empty, as Lyndon Lea and Neil Richardson, designated as Lion Capital’s directors, resigned from the board in March. Lion retains the right to name directors for those spots on the board.
Recent published reports held that the Los Angeles-based vertical retailer was in discussions to replace two of the six members of its board following the acquisition of $15.2 million in American Apparel stock and warrants convertible to another $27 million in shares by a group of investors led by Toronto-based Michael Serruya.
Danziger is a chartered accountant and senior partner at the accounting firm MSCM LLP as well as the president and ceo of Renforth Resources Inc., a Toronto-based company involved in exploration for precious metals, diamonds and other materials.