Private Media Fills Board Vacancy

BARCELONA, Spain—Private Media Group indicated in a SEC filing dated Oct. 28 that it has appointed a replacement for the current vacancy on the company’s Board after another Board member resigned.

The filing reads, “On October 25, 2011, Private Media Group, Inc.’s (the “Company’s”) Board of Directors appointed Stefan Gunnarsson as a director to fill the vacancy on the Board created by the resignation of Peter Dixinger, to serve until the Company’s 2011 Annual Meeting of Shareholders. Mr. Gunnarsson has also been appointed to serve on the Company’s Audit Committee and has been designated as the Audit Committee Financial Expert. Mr. Gunnarsson, who is Business Development Director and Co-Founder of a management company for customer care, technical support and sales programs, holds a Bachelor’s Degree in Science from Ecole Hoteliere de Lausanne, Switzerland. Mr. Gunnarsson does also act as an advisor to a Swiss investment funding company.

“Mr. Gunnarsson has not had any direct or indirect material interest in any transaction during the last two years, or proposed transaction, to which the Company was or is to be a party. There were no arrangements or understandings between Mr. Gunnarsson and any other persons pursuant to which Mr. Gunnarsson was selected as a member of the Company’s Board of Directors.”

The company’s SEC filings and other financial reports and information can be found here.