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True Religion Apparel coo resigns

10/1/2007

NEW YORK True Religion Apparel coo Daryl Rosenberg has resigned, according to a filing with the Securities and Exchange Commission on Friday.

No reason was given for his departure, which occurred Sept. 28, and was announced in the company’s 8-K report on Tuesday. Rosenberg joined the company in June 2006 after its previous coo, Mark Saltzman, resigned.

Before joining True Religion, Rosenberg was a vp involved in production at l.e.i., a sportswear and denim business owned by Jones Apparel Group.

In August, the company, which makes fashionable jeans that cost $200 or more, said second-quarter profit rose 3.7% as sales grew at the company's stores and over the Internet.

Rosenberg’s resignation delayed filing results with the SEC. In August, the company received a letter from the NASDAQ Listing Qualifications Panel failing to file its 10-Q form on time for one of its quarter ends (June 30).

The stock has risen about 15% calendar year-to-date.

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