PICKERINGTON, Ohio, Nov. 4, 2011 /PRNewswire/ -- Shareholders of R.G. Barry Corporation (Nasdaq:DFZ) Thursday re-elected four directors, supported two management "say on pay" recommendations and ratified the reappointment of its independent public accounting firm during the Company's annual meeting held at its suburban Columbus, Ohio headquarters.
Directors David Lauer, David Nichols, Thomas Von Lehman and Gordon Zacks were each re-elected to two-year terms on the accessories marketer's eight-member board.
Mr. Lauer is the former President and Chief Operating Officer of Bank One Columbus. Mr. Nichols is the former President and Chief Operating Officer of the Macy's South Division of Federated Department Stores. Mr. Von Lehman is the Managing Director of the Meridian Group, an investment banking and corporate renewal firm, and served as RG Barry's interim President and Chief Executive Officer from 2004-2006. Mr. Zacks retired from the Company in 2004 following a 50-year career that included 24 years as RG Barry's Chief Executive Officer. Since his retirement, he has served as the Company's non-executive Chairman of the Board.
Shareholders also approved a management-recommended "Say on Pay" resolution calling for annual advisory votes by shareholders on executive compensation; an advisory resolution on proposed executive compensation for fiscal 2012; and the reappointment of KPMG LLP as the Company's independent public accountants.
Following voting, RG Barry President and Chief Executive Officer Greg Tunney recapped the company's "transformational" 2011 fiscal year, its sixth consecutive year of top-line growth; and the successful acquisition and integration of two accessories-category businesses. He also presented management's vision of growth during the next five years.
"Our long-term strategy is to roll up key niche brands within the $30 billion accessories sector. We think we have put the disciplines, processes and strategies in place to really provide some exciting growth as a company in the next five years," he said.
RG Barry will announce its first quarter FY2012 operating results and conduct a conference call/ Webcast at 9 a.m. Eastern on Tuesday, Nov. 8. Listen via the Internet at http://www.videonewswire.com/event.asp?id=82610.
About RG Barry
RG Barry creates and markets great accessories brands and fashionable, solution-oriented products that make life better. Our primary brands include: Dearfoams slippers (www.dearfoams.com); baggallini handbags, totes and travel accessories (www.baggallini.com); and Foot Petals premium insoles and comfort products (www.footpetals.com). To learn more, visit us at www.rgbarry.com.
SOURCE R.G. Barry Corporation
