Continued growth for Everlast Worldwide, says Chairman at annual meeting
03 Jun '06
3 min read
At the meeting, shareholders elected eight members to the Board of Directors, who will serve until the next Annual Meeting. Shareholders also voted to amend the bylaws of the company to classify the composition of the Board of Directors. The selection of Berenson LLP as the company's independent auditors was also ratified by the shareholders.
Before adjourning the meeting, Horowitz told those in attendance, "As a company, Everlast is in a better position now than it has been in its 96-year history. We significantly strengthened our balance sheet by refinancing our debt, and positioned the company for consistent and profitable growth for this year and beyond. Finally, we will increase our visibility within the financial community and we remain steadfast in our commitment to enhance shareholder value."
The company noted its intention to resume hosting quarterly conference calls beginning with the release of its second quarter results. The date and time will be announced.
Everlast Worldwide Inc manufactures, markets and licenses sporting goods, apparel and active lifestyle products under the Everlast brand name. Since 1910, Everlast has been the preeminent brand in the world of boxing and is among the most dominant brands in the overall sporting goods and apparel industries.
marketing@alchempro.com
