Table of Contents
EAST RUTHERFORD, N.J. — CCA Industries Inc. co-founder Ira Berman plans to step down as chairman as of the company’s next annual shareholders meeting.
The health and beauty aids company said Thursday that Berman and director Jack Polak won’t stand for re-election to the board of directors at the annual meeting.
Plans call for Berman, who started the company with David Edell in 1983, to become chairman emeritus and remain as a consultant to the company for a five-year period that began Jan. 1. Polak has served as a director since 1983.
"The company feels honored to have had both Ira Berman and Jack Polak on our board," CCA president and chief executive officer Dunnan Edell said in a statement. "Their work has been invaluable in building a company, which in 1983 had no shareholder value, to where we are today. We will always be extremely grateful to them and for their long years of service."
Also on Thursday, CCA announced that its board has invited Sardar Biglari and Dr. Philip Cooley to be nominees for directors to stand election at the next shareholders annual meeting.
"Sardar is chairman of Biglari Holdings Inc., a diversified holding company which owns 12.8% of our common stock," Berman stated. "We continue to be excited about our future and look forward to the participation of Sardar and Phil to assist in the achievement of our goals."
CCA’s roster of products includes Plus+White toothpastes and teeth whiteners; Mega-T Green Tea diet supplements, gum and mints; Bikini Zone medicated topical and shave gels; Nutra Nail nail care treatments; Scar Zone scar treatments; Sudden Change anti-aging skin care; Parfume de Vanille fragrances; Solar Sense sun protection; Hair Off hair removal and depilatory products; Wash ‘N Curl shampoos and conditioners; and the Pain Bust RII analgesic.
