Cache (CACH) Adds MFP Partners' Michael Price to Board

April 8, 2013 4:36 PM EDT Send to a Friend
Cache Inc., (Nasdaq: CACH) announced changes to its Board of Directors (“Board”). Michael F. Price, Managing Partner of MFP Partners, L.P., Cache’s largest shareholder, has joined the Board. In addition, Charles J. Hinkaty, former President and Chief Executive Officer of Del Laboratories, Inc., has been appointed to the Board. In connection with their appointments, Michael F. Price and Charles J. Hinkaty have been appointed to the Nominating and Governance Committee and the Compensation and Plan Administration Committee of the Board. Charles J. Hinkaty has also been appointed to the Company’s Audit Committee.

MFP Partners is a family investment partnership established by Michael F. Price in 1998. MFP Partners uses a disciplined, research-driven process to invest in deeply undervalued stocks, focusing on long-term investing through a value investment approach. Prior to founding MFP Partners, Mr. Price was chairman of the board of Franklin Mutual Advisers and Franklin Mutual Series Fund. He had been associated with both entities and their predecessor organizations (Heine Securities Corp and Mutual Shares Fund) since 1975. Mr. Price currently serves as a Director of Liquidnet Holdings, Inc.; an Investment Advisory Council Member to the Florida State Board of Administration; and on Boards for The Albert Einstein College of Medicine, Johns Hopkins School of Medicine, Johns Hopkins Berman Institute of Bioethics and Jazz at Lincoln Center.


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