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Prospector
Profile
1221-05
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| American Achievement Group Holding Corp. |
NAICS |
339911 |
| 7211 Circle S Rd.
Austin, TX 78745 |
Description |
Collectibles Mfg. |
| (512) 444-0571 |
Employees |
0 |
| http://www.cbi-rings.com/ |
Revenue |
(mil) |
315.7400 |
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Income |
(mil) |
-32.5500 |
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Assets |
(mil) |
476.0700 |
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Liability |
(mil) |
620.2500 |
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(for the year ended 2007-08-25) |
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Category:
Low Rating
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Event:
Moody's Investors Service downgraded American Achievement Group Holding Corp.'s $176 million (current value) senior PIK notes due 2012, to Caa2 (LGD5, 87%) from Caa1 (LGD5, 89%). Moody's also downgraded subsidiary AAC Group Holding Corp.'s $118 million (current value) senior discount notes due 2012, to Caa1 (LGD4, 63%) from B3 (LGD4, 69%). All entities are collectively referred to as "AAC." The rating action was prompted by AAC's weak credit metrics for the ratings category.
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Intellectual Property:
The Company has trademarks, patents and licenses that are an important part of its business. The Company has trademark registration applications pending and intends to pursue other registrations as appropriate to establish and preserve intellectual property rights. The Company markets its products under many trademarked brand names, some of which rank among the most recognized and respected names in jewelry and publications. It also owns several patented ring designs and business process patents. Several marks are registered pursuant to applicable intellectual property laws, including “ArtCarved,” “ArtCarved Class Rings”, “Balfour,” “Class Rings, Ltd,” “Keystone,” “Master Class Rings,” “R. Johns,” “Keepsake,” “Who’s Who,” “The National Dean’s List,” “Celebrations of Life,” “Generations of Love,” “Namesake,” and the various logos related to the foregoing brands. [SEC Filing 10-K 08-25-07]
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Description:
American Achievement Group Holding Corp. through its subsidiaries, manufacturers and suppliers of class rings, yearbooks, graduation products, achievement publications and recognition and affinity jewelry in the U.S.
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Officers:
Donald J. Percenti (Pres., CEO & Dir.); Sherice P. Bench (Treas., Sec. & CFO); Peter Lamm (Dir.); Mac LaFollette (Dir.); W. Gregg Smart (Dir.); David G. Fiore (Dir.); Andrea Geisser (Dir.)
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Auditor:
Deloitte & Touche LLP
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Securities:
505,460 common shares outstanding as of May 26, 2007.
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