Duluth Holdings Announces Retirement of Two Board Directors
February 23 2018 - 8:00AM
Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth
Trading”) (“Company”) (NASDAQ:DLTH), a lifestyle brand of men’s and
women’s casual wear, workwear and accessories, today announced the
retirement of two members of its Board of Directors.
William E. Ferry and C. Roger Lewis informed the Company that
they have independently decided not to stand for re-election to
Duluth’s Board of Directors at the Company’s 2018 Annual Meeting of
Shareholders. Mr. Ferry, age 77, has been a member of the
Board since September 2015 and had served on the Company’s advisory
board since 1992, and Mr. Lewis, age 75, has served on the Board
since September 2015 and had served on the advisory board since
2007. Both will continue to serve as directors until the close of
the 2018 Annual Meeting of Shareholders.
Stephen L. Schlecht, Executive Chairman of Duluth Holdings,
said, "Bill Ferry and Roger Lewis have shared their wealth of
knowledge, experience and insight that have greatly benefited
Duluth both as a private and public Company. On behalf of our board
of directors, I wish to extend our sincerest gratitude to both Bill
and Roger for their significant contributions to the Company over
many years. Their leadership and collaboration on the board will be
greatly missed and we wish them the very best in their well-earned
retirements and all their future endeavors.”
In their communications with the board, each of Mr. Ferry and
Mr. Lewis stated his decision was a desire to retire and not due to
any disagreements or company-related issues. At the present time,
the Company intends to launch a search to fill the two independent
board seats.
About Duluth Trading
Duluth Trading is a rapidly growing lifestyle brand for the
Modern, Self-Reliant American. Based in Belleville,
Wisconsin, we offer high quality, solution-based casual wear,
workwear and accessories for men and women who lead a hands-on
lifestyle and who value a job well-done. We provide our customers
an engaging and entertaining experience. Our marketing
incorporates humor and storytelling that conveys the uniqueness of
our products in a distinctive, fun way, and our products are sold
exclusively through our content-rich website, catalogs, and “store
like no other” retail locations. We are committed to outstanding
customer service backed by our “No Bull Guarantee” - if it’s not
right, we’ll fix it. Visit our website at
www.duluthtrading.com.
Investor and Media Contacts:Donni Case (310)
622-8224Johan Yokay (310) 622-8241Duluth@finprofiles.com
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