Stran appoints two new board members as three directors exit

QUINCY, MA - Promotional products company Stran & Company, Inc. (NASDAQ:SWAG) announced today the appointment of Mark Adams and Sarah Cummins to its Board of Directors, following the resignation of three existing board members.

The new appointments come as directors Travis McCourt, Ashley Marshall, and Alejandro Tani step down to pursue other opportunities, according to a company press release. Their departures were described as amicable and not related to any disagreements with company operations or policies.

Adams is the founder, President and CEO of Adams Publishing Group, LLC, a community-focused media organization established in 2013. His previous experience includes managing publishing portfolios at Boston-based private equity firm M/C Partners. Adams currently serves as a director for The Associated Press, News/Media Alliance, The McCallum Theater, and DAP Health Inc.

Cummins brings over 25 years of experience in sports, media, and entertainment to the board. She currently serves as Senior Vice President of Global Partnerships at WTA Ventures LLC, the commercial division of the Women's Tennis Association. Her background includes executive roles at Isos7 Sports, WWE, New York Road Runners, Vineyard Vines, and the United States Tennis Association.

"Their exceptional track records, diverse expertise, and visionary leadership will elevate our strategic direction," said Andy Shape, President and CEO of Stran & Company, in the statement.

Stran & Company, which has operated for over 30 years, specializes in promotional products, branded merchandise, and loyalty incentive programs. The company manages promotional programs for numerous Fortune 500 clients across various industries.

In other recent news, Stran & Co reported a notable 52.4% year-over-year increase in revenue for the first quarter of 2025, totaling $28.7 million. Despite a net loss of $400,000, this represents an improvement from a $500,000 loss in the same period last year. The company has successfully launched its NetSuite ERP system, which is expected to enhance operational efficiency. Stran & Co's strategic acquisition of the Gander Group assets in August 2024 has contributed significantly to its growth, particularly in the hospitality and gaming sectors. Additionally, the company holds a strong cash position of $12.2 million with no long-term debt. The firm has also announced plans to resume its share buyback program, with $6 million remaining in authorized funds. Analysts from TSA Capital have engaged with the company regarding its ongoing financial strategies, including expense management and tariff impacts. Stran & Co continues to focus on expanding its market presence and improving its financial performance.

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