This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

DEI Holdings Establishes New Audio Division, Sound United, And Announces Promotions

VISTA, Calif., April 4, 2013 /PRNewswire/ --  DEI Holdings, Inc., a leading designer and marketer of premium home, car, and personal audio products, and security and remote start systems, has formed Sound United, a new division that will oversee its Polk Audio ®, Definitive Technology ®, and BOOM™ Movement audio brands. The three brands will remain separate and distinct from one another to fill their unique roles in the market. Directed, DEI's business specializing in vehicle security and remote start systems, will remain a stand-alone division and will not be affected.

(Logo: http://photos.prnewswire.com/prnh/20130404/NY85221LOGO)

"By creating Sound United, we put a name to the business model we have been operating for nearly the last 10 years since acquiring Definitive in 2004 and then Polk in 2006. Specifically, we work collaboratively with the management of each of our brands to provide strategic resources and the capital necessary to accelerate growth while providing our channel partners and consumers with innovative products and differentiated brands," explained Jim Minarik, Chairman and Chief Executive Officer of DEI Holdings, Inc. 

"With our recent investment in a Global Design Center, which is chartered to fuel innovation in our product portfolio and add amazing aesthetics to our award-winning acoustics, we anticipate Sound United will continue to serve an important role in the ever changing global audio industry."     

The new Sound United business unit will be led by Chairman and Chief Executive Officer Jim Minarik and President Kevin Duffy, both of whom will also retain their current roles at DEI Holdings. Polk Audio's Senior Vice President Sales, Ben Newhall, has been promoted to Chief Sales Officer for Sound United.  In addition, Polk Audio's Senior Vice President, Joe Tristani, has been named Chief Operating Officer of Sound United. Michael DiTullo and Blair Tripodi currently serve as Sound United's Chief Design Officer and Chief Marketing Officer, respectively. 

Dave Peet and Steve Jain are continuing in their roles as Executive Vice President of Definitive Technology and Director of Sales of BOOM Movement, respectively, and will report directly to Mr. Newhall. Mr. Newhall's other direct reports include Dave Penrod, National Account Manager for Sound United, and Arturas Rainys, VP Corporate Development for International Sales. 

At Polk, Dan Wakefield has been promoted to Vice President of Sales directly reporting to Mr. Newhall. He will be replaced by Bill Kinsella as Polk Audio's National Sales Director.  Mike Simmons continues in his role as President of Directed.

"We are all very excited about the formation of Sound United," said Ben Newhall, Sound United's newly appointed Chief Sales Officer. "Each brand will retain its unique culture, product philosophy, and market focus while we take advantage of the Global Design Center to drive innovation and fuel growth."

As part of the move, Sound United launched a new web site today, reflecting the strength and personality of the new company. ( www.soundunited.com

About DEI Holdings, Inc.Headquartered in Vista, Calif., DEI Holdings, Inc. ( www.deiholdings.com) is the parent company of some of the most respected brands in the consumer electronics industry. Its flagship audio division, Sound United, is the largest designer and marketer in North America of premium loudspeakers, which are sold under the Polk Audio ®, Definitive Technology ®, and BOOM™ Movement brand names. Its flagship automotive company, Directed, is an industry leader in consumer-branded vehicle security and remote start systems, which are sold under Viper ®, Clifford ®, Python ®, Autostart ® and other brand names.

About Sound UnitedSound United ( www.soundunited.com) is the new audio division of DEI Holdings, Inc. Based in Vista, Calif. and Baltimore, Maryland, it oversees the Polk Audio ®, Definitive Technology ®, and BOOM™ Movement audio brands. Together these innovative brands offer a complete range of high-performance audio for the sounds of every application – whether it is personal audio, gaming, TV programs, movies, or audiophile-grade music reproduction.

Media Contact: Adam SohmerSohmer Associates, LLC347-497-4965 adam@sohmerassoc.com

SOURCE Sound United

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,153.16 +56.26 0.31%
S&P 500 2,103.75 +5.22 0.25%
NASDAQ 4,990.8880 +23.7470 0.48%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs