LOS ANGELES, CA--(Marketwired - Nov 17, 2015) - Spiral Toys (
Current board members recently voted to increase the size of the board from three to five members and Paccagnini will fill one of the two vacancies created by the increase. With Paccagnini's appointment, three of the four board members will be serving independently.
Paccagnini brings more than 32 years of financial services experience to Spiral Toys. His 25 years spent as an equity trader, including his tenure with Goldman Sachs, provides capital markets leadership to Spiral Toys' board of directors.
"Having made a career in the financial services industry Gary brings extensive Wall Street expertise to Spirals' board -- particularly having worked as an equity trader on the floor of the NYSE for 25 years," said Spiral Toys' CEO and chairman of the board, Mark Meyers. "His capital markets experience will be a valuable asset."
Paccagnini is currently a Partner at EBNY Insurance Services, where he has served for the past eight years. Prior, he worked as a Senior Vice President of Equities for Goldman Sachs where he was an NYSE trading floor specialist and prior to that served as an equity trader and Limited Partner with Spear, Leeds & Kellogg. Paccagnini earned his Bachelor of Science degree from Montclair State University.
The company expects to announce the fifth member of the board of directors in the near future.
About Spiral Toys
Spiral Toys (
Spiral offers its products for sale worldwide, and is developing additional applications based on its platform technology for several different verticals within the entertainment industry. Spiral collects revenue on both the physical purchase of goods and the sale of digital content through Apple's App Store and the Google Marketplace. The company also acts as co-developer with major entertainment studios. For more information, visit www.spiraltoys.com.
All statements in this press release that are not based on historical fact are "forward-looking statements." The terms "expects", "would", "will", "believes", and similar terms are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Spiral Toys in light of its experience and its perception of current conditions and expected future developments, as well as other factors that Spiral Toys believes are appropriate in the circumstances. Many factors could cause Spiral Toys' actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These risk factors and others relating to Spiral Toys that may cause actual results to differ are set forth in Spiral Toys' periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on Spiral Toys' forward-looking statements. Spiral Toys has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.