8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 16, 2009

KID BRANDS, INC.
(Exact name of registrant as specified in its charter)

New Jersey	1-8681	22-1815337
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1800 Valley Road, Wayne, New Jersey	07470
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (201) 405-2400

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 5 — Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective December 31, 2009, Fritz Hirsch, President of Sassy, Inc. since its acquisition by Kid Brands, Inc. (the “Company”) in July 2002 (and prior to that, since 1986), will leave the Company. In connection with his departure, Mr. Hirsch will receive the payments and other benefits applicable to a termination by Sassy without Cause under his employment agreement, as described in the Company’s last definitive proxy statement filed with the Securities and Exchange Commission. In consideration of the receipt of such severance payments, Mr. Hirsch is required to execute the Company’s general form of release. The restrictions in his employment agreement surviving the expiration thereof remain applicable. The Company thanks Mr. Hirsch for his years of dedicated service to Sassy.

Mr. Hirsch’s duties will be temporarily assumed by various members of the Company’s senior management while the Company completes a search for his replacement.

Section 8 — Other Events

Item 8.01 Other Events

On December 16, 2009, the Company issued a press release announcing that Mr. Hirsch is leaving the Company.

Section 9 — Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are filed with this report:

Exhibit 99.1 Press Release, dated December 16, 2009, announcing that Mr. Hirsch is leaving the Company.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 16, 2009		KID BRANDS, INC.
	By:	/s/ Marc S. Goldfarb
		Marc S. Goldfarb Senior Vice President and General Counsel

Exhibit Index

Exhibit 99.1  Press Release, dated December 16, 2009, announcing that Mr. Hirsch is leaving the Company.

EX-99.1

Exhibit 99.1

AT THE COMPANY	AT FINANCIAL DYNAMICS
Marc S. Goldfarb Senior Vice President & General Counsel	Erica Pettit / Leigh Parrish General Information
201-405-2454	212-850-5600

FOR IMMEDIATE RELEASE

SASSY, INC.’S PRESIDENT TO LEAVE THE COMPANY

Wayne, N.J. — December 16, 2009 — Kid Brands, Inc. (NYSE: KID) announced that Fritz Hirsch, the President of its Sassy, Inc. subsidiary, will be leaving Sassy to pursue other interests, effective December 31, 2009. Mr. Hirsch was part of the original Sassy management team (in 1983), and has served as President of Sassy since 1986. The Company is pursuing an external search for a new President/General Manager for Sassy.

Bruce G. Crain, President and Chief Executive Officer, commented, “For more than a quarter of a century, Fritz has established Sassy as an industry leader. Most recently, Fritz led the Sassy team through a repositioning, which refocused the company around its core strengths as a developmental toy and feeding, bath and baby care products company. The success of this effort has been evidenced in part by a series of awards that Sassy has won for its new product line and branding renewal. Fritz’s efforts and accomplishments leading Sassy have been greatly appreciated, and we wish him the very best.”

Kid Brands, Inc.

Kid Brands, Inc., formerly known as Russ Berrie and Company, Inc., and its subsidiaries are leaders in the design, development and distribution of infant and juvenile branded products. Its design-led products are primarily distributed through mass market, baby super stores, specialty, food, drug, independent and e-commerce retailers worldwide.

The Company’s operating business is composed of four wholly-owned subsidiaries: Kids Line, LLC; LaJobi, Inc; Sassy, Inc.; and CoCaLo, Inc. Through these subsidiaries, the Company designs and markets branded infant and juvenile products in a number of complementary categories including, among others: infant bedding and related nursery accessories and decor (Kids Line^® and CoCaLo^®); nursery furniture and related products (LaJobi^®); and developmental toys and feeding, bath and baby care items with features that address the various stages of an infant’s early years (Sassy^®). In addition to the Company’s branded products, the Company also markets certain categories of products pursuant to various licenses, including Carter’s^®, Disney^®, Graco^® and Serta^®. Additional information about the Company is available at www.kidbrandsinc.com.

Note: This press release contains certain forward-looking statements. Additional written and oral forward-looking statements may be made by the Company from time to time in Securities and Exchange Commission (SEC) filings and otherwise. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking words or phrases including, but not limited to, “anticipate”, “believe”, “expect”, “project”, “intend”, “may”, “planned”, “potential”, “should”, “will” or “would”. The Company cautions readers that results predicted by forward-looking statements, including, without limitation, those relating to the Company’s future business prospects, revenues, working capital, liquidity, capital needs, order backlog, interest costs and income are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Specific risks and uncertainties include, but are not limited to those set forth under Item 1A, “Risk Factors”, of the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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