HAUPPAUGE, N.Y., July 28, 2015 /PRNewswire/ -- VOXX
International Corporation (NASDAQ: VOXX), today announced that all
of the eight nominees to its Board of Directors were elected at the
Company's Fiscal 2015 Annual Meeting of Shareholders. The
seven incumbents from the prior year were re-elected and industry
veteran, Denise Gibson, was the
newest addition, replacing Stan
Glasgow.
The VOXX International Board of Directors includes:
- John J. Shalam, Chairman of the
Board, VOXX International
- Patrick M. Lavelle, President
and CEO, VOXX International
- C. Michael Stoehr, Senior Vice
President and CFO, VOXX International
- Fred S. Klipsch, Board Member
and Former CEO of Klipsch Group, Inc.
- Ari M. Shalam, Board Member and
Managing Partner of RWN Real Estate Partners, LLC
- Denise Gibson, Board Member and
Co-founder and Chair of Ice Mobility
- Paul C. Kreuch, Jr. Board Member
and Principal in various firms specializing in executive retained
search, management consulting and mergers and acquisitions
- Peter A. Lesser, Board Member
and former President of X-10 (USA)
Inc.
Commenting on today's announcement, John
Shalam, Chairman of the Board, stated, "I would like to
formally congratulate each of our Board members on their election
and welcome Denise to our team. She is a seasoned veteran in
the consumer electronics industry and has been successful in every
position she's held. Her relationships are vast and her
experience across sales, marketing, corporate finance, and
operations will serve our Board well. I've had the pleasure
of working with her for decades as have other members of our
leadership team, and believe she will be a tremendous asset to our
organization."
Ms. Gibson added, "I see significant opportunities ahead for
VOXX, especially as the Company enters into new markets and
continues to expand its distribution in both the consumer and
automotive markets. With the continued convergence of
technology, and the Company's new products and programs, I believe
the Company is well positioned for growth and improved performance
in the years ahead. I look forward to working with the Board
and executive team and fully intend to leverage my experiences over
the past several decades to support the Company's growth
objectives, institute best practices in corporate governance and
drive shareholder value for years to come."
Denise Gibson is a seasoned
senior executive and board member with over 30 years of experience
in consumer electronics design and manufacturing, logistics and
supply chain, distribution and retail services. Ms. Gibson
currently serves as the co-founder and Chair of Ice Mobility,
launched in 2014, a national provider and distributor of wireless
products and supply chain logistics solutions. Prior to, Ms.
Gibson served as the founder and former President/CEO of Brightstar
US and as a director of Brightstar Corp. from 2001 to 2011.
Brightstar is a leading services provider to the global wireless
industry. Prior to joining Brightstar, she spent 17 years at
Motorola. Ms. Gibson has also served as a member of the
executive board and as Chairman of the Audit Committee of the
Consumer Electronics Association and was former Vice Chair of
CTIA's Wireless Foundation.
The Company also announced at its Fiscal 2015 Annual Meeting of
Shareholders that Grant Thornton LLP was elected to serve as the
Company's independent registered public accounting firm for its
fiscal year ending February 29,
2016.
About VOXX International Corporation
VOXX
International Corporation (NASDAQ:VOXX) has grown into a worldwide
leader in many automotive and consumer electronics and accessories
categories, as well as premium high-end audio. Today, VOXX
International Corporation has an extensive distribution network
that includes power retailers, mass merchandisers, 12-volt
specialists and most of the world's leading automotive
manufacturers. The Company has an international footprint in
Europe, Asia, Mexico
and South America, and a growing
portfolio, which now comprises over 30 trusted brands. Among the
key domestic brands are Klipsch®, RCA®, Invision®, Jensen®,
Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®,
CarLink®, 808®, AR for Her®, and Prestige®. International brands
include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®,
Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and
Incaar™. For additional information, please visit our Web
site at www.voxxintl.com.
Safe Harbor Statement
Except for historical
information contained herein, statements made in this release that
would constitute forward-looking statements may involve certain
risks and uncertainties. All forward-looking statements made in
this release are based on currently available information and the
Company assumes no responsibility to update any such
forward-looking statements. The following factors, among others,
may cause actual results to differ materially from the results
suggested in the forward-looking statements. The factors include,
but are not limited to risks that may result from changes in the
Company's business operations; our ability to keep pace with
technological advances; significant competition in the automotive,
premium audio and consumer accessories businesses; our
relationships with key suppliers and customers; quality and
consumer acceptance of newly introduced products; market
volatility; non-availability of product; excess inventory; price
and product competition; new product introductions; foreign
currency fluctuations and concerns regarding the European debt
crisis; restrictive debt covenants; the possibility that the review
of our prior filings by the SEC may result in changes to our
financial statements; and the possibility that stockholders or
regulatory authorities may initiate proceedings against VOXX
International Corporation and/or our officers and directors as a
result of any restatements. Risk factors associated with our
business, including some of the facts set forth herein, are
detailed in the Company's Form 10-K for the fiscal year ended
February 28, 2015.
VOXX International Corporation: Investor
Relations
Glenn Wiener
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation