UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
INFORMATION REQUIRED IN PROXY STATEMENT
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
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Preliminary Proxy Statement
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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ValueVision Media, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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On June 11, 2014, ValueVision Media, Inc. issued the press release filed herewith.
For Immediate Release
ShopHQ Builds Community and Inspires Shopping During Its
Spring 2014 Fashion Season
MINNEAPOLIS, MN June 11, 2014
ValueVision Media, Inc. (NASDAQ: VVTV), a multichannel electronic retailer operating as
ShopHQ via TV, Internet and mobile, today thanked its loyal shoppers for making its spring 2014 fashion season an on-trend, major hit among customers.
During the spring 2014 season, ShopHQ held four Fashion Day events on separate occasions, including a record-breaking fashion sales event on May 17,
2014. Shoppers were treated to new and exciting fashion and accessories across ShopHQs multichannel platform as well as a curated online-only product assortment.
Each Fashion Day featured an impressive lineup of trusted brands, including customer favorites such as
OneWorld
®
, Anuschka
®
handbags, Matisse
®
and Corkys
®
footwear. Additional
ShopHQ exclusives
included fashion from Kate & Mallory
®
and Love, Carson Fab Fashion by Carson
Kressley, as well as
the premiere of
Ellen Tracy
®
handbags.
ShopHQ hosts entertained and
informed viewers with authority and credibility about the latest on-trend fashions suited for their lifestyles. Top trends included:
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Mix & Match
Make it a must to blend multiple fabrics and textures into any ensemble. Trust in ShopHQ, as its easy to achieve and unquestionably fashionable.
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2.
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White Hot Color
Command a wardrobe by pouring on white hot color. Powerful and minimalistic, the color white is guaranteed to magnify any look this year.
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3.
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A Hint of Print
Add an extra dose of personality with a punch of print. Easily incorporate patterns and prints to make a wardrobe a little more playful.
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4.
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All Dressed Up
Dress season has arrived, so whether its a special celebration or a warm night out on the town, ShopHQs got shoppers covered with a figure-flattering and flowing assortment.
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5.
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Adore Adornments
The secret is out, embellishments are in! Go with a little or a lot of detail with outfits and accessories for an added element of fabulous.
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The May 17
th
Fashion Day was the biggest Fashion Day sales event in ShopHQs history,
generating the most orders to date in a single Fashion Day and airing 123 unique styles and 90 new items. In connection with the event, ShopHQ shipped over 87,000 units and welcomed approximately 7,000 new customers. The Companys Internet,
mobile and social channels had the highest penetration and conversion for a Fashion Day event. ShopHQs phone agents greeted over 35,000 customers throughout the day.
We are thrilled to share in the success of our spring Fashion Day events with our loyal customers, said ShopHQ President Bob Ayd. As
weve always said, whats good for the customer will ultimately be good for the business, and our team works every day to make sure our viewers and shoppers are finding what they want on ShopHQ.
Mr. Ayd continued, Going forward, we will continue to offer compelling and unique events while also creating opportunities for our customers to
visit us and discover exciting new fashion finds. We are committed to keeping up this positive momentum and are thrilled that more customers than ever are relying on ShopHQ as a fashion shopping headquarters that is always there to meet their
needs.
About ValueVision Media/ShopHQ
(www.shophq.com/ir)
ValueVision Media, Inc. operates as ShopHQ, a multichannel retailer that enables customers to shop and interact via TV, phone, Internet and mobile in the
merchandise categories of Home & Consumer Electronics, Beauty, Health & Fitness, Fashion & Accessories, and Jewelry & Watches. The ShopHQ television network reaches over 87 million cable and satellite homes
and is also available nationwide via live streaming at www.shophq.com. Please visit www.shophq.com/ir for more investor information.
Forward-Looking
Information
This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. These statements are based on managements current expectations and accordingly are subject to uncertainty and changes
in circumstances. Actual results may vary materially from the expectations contained herein due to various important factors, including (but not limited to): consumer preferences, spending and debt levels; the general economic and credit
environment; interest rates; seasonal variations in consumer purchasing activities; the ability to achieve the most effective product category mixes to maximize sales and margin objectives; competitive pressures on sales; pricing and gross sales
margins; the level of cable and satellite distribution for our programming and the associated fees; our ability to establish and maintain acceptable commercial terms with third-party vendors and other third parties with whom we have contractual
relationships, and to successfully manage key vendor relationships; our ability to manage our operating expenses successfully and our working capital levels; our ability to remain compliant with our long-term credit facility covenants; our ability
to successfully transition our brand name; the market demand for television station sales; our management and information systems infrastructure; challenges to our data and information security; changes in governmental or regulatory requirements;
litigation or governmental proceedings affecting our operations; significant public events that are difficult to predict, or other significant television-covering events causing an interruption of television coverage or that directly compete with
the viewership of our programming; and our ability to obtain and retain key executives and employees. More detailed information about those factors is set forth in the Companys filings with the Securities and Exchange Commission, including the
Companys annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this announcement. The
Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Important Information
This release may be deemed to be
solicitation material in respect of the solicitation of proxies from shareholders in connection with one or more meetings of the Companys shareholders, including the Companys 2014 Annual Meeting of Shareholders. On May 9, 2014, the
Company filed with the Securities and Exchange Commission (SEC) a proxy statement and a WHITE proxy card in connection with the Companys 2014 Annual Meeting of Shareholders. The Company, its directors and certain of its executive
officers and employees may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Companys 2014 Annual Meeting of Shareholders. Information concerning the interests of these directors
and executive officers in connection with the matters to be voted on at the Companys 2014 Annual Meeting of Shareholders is included in the proxy statement filed by the Company with the SEC
in connection with such meeting. In addition, the Company files annual, quarterly and special reports, proxy and information statements, and other information with the SEC. The proxy statement for the 2014 Annual Meeting of Shareholders is
available, and any other relevant documents and any other material filed with the SEC concerning the Company will be, when filed, available, free of charge at the SEC website at
http://www.sec.gov
. SHAREHOLDERS ARE URGED TO READ CAREFULLY THE
PROXY STATEMENT FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION WITH RESPECT TO PARTICIPANTS.
Media:
Dawn Zaremba
ShopHQ
dzaremba@shophq.com
(952) 943-6043 O
Investors:
David Collins / Eric Lentini
Catalyst Global LLC
vvtv@catalyst-ir.com
(212) 924-9800 O
(917) 734-0339 M
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