Leading apparel maker & supplier Movie Star Inc announced that all matters presented to its shareholders at annual meeting were approved. All directors nominated were re-elected.
These directors included Melvyn Knigin, Chairman and Chief Executive Officer, Saul Pomerantz, Thomas Rende, Michael Salberg, Joel Simon, Peter Cole and John Eisel.
In addition, Mahoney Cohen & Company was approved as the independent auditors for fiscal 2006. Finally, shareholders approved the proposal to amend the Company's charter to limit the liability of directors as provided by New York law.
In his remarks to shareholders, Mel Knigin stated: "The disruption caused by hurricane Katrina is behind us and facility in Mississippi is fully operational again. If control costs as expected, based upon orders in hand and expected shipments through the calendar year end, will record a profit for the first half of fiscal 2006. However, visibility for the second half is not clear and cannot predict our results for the full year at this time."
Movie Star Inc produces and sells ladies apparel, including sleepwear, robes, leisurewear, and daywear. Current collections include the Cinema Etoile premium line of intimate apparel and the Movie Star line of apparel sold as private label programs.