MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE:SKX) announced today that the Company has named
Katherine J. Blair to its board of directors as an independent member.
The appointment brings the total number of directors to ten, including
six independent members.
“After careful consideration and review, we are expanding our board of
directors with the addition of Katherine Blair,” began Robert Greenberg,
Skechers chief executive officer and chairman of the board. “Katherine
brings a welcome perspective on business, driven by her extensive
experience in corporate law and governance. Complementing our current
directors, her background expands the diverse viewpoints of our board,
which will continue executing our strategic plans and driving Skechers’
success moving forward.”
Katherine Blair has practiced law for over 20 years and is a partner at
Manatt, Phelps & Phillips, LLP in Los Angeles. She specializes in
corporate and transactional matters where she works directly with
executive officers, general counsel and directors on corporate
governance, SEC reporting and compliance, public and private securities
offerings, as well as mergers and acquisitions. Ms. Blair currently
serves as Chair of the Executive Committee of the Business Law Section
of the Los Angeles County Bar Association. She is also an officer of the
Corporations Committee of the Business Law Section of the California
Lawyers Association. She regularly speaks and presents her expertise on
corporate governance, ethics and funding topics to audiences at business
and legal conferences and events.
Including this appointment, the Skechers Board of Directors is comprised
of Skechers founder, chairman and CEO Robert Greenberg, Skechers
president Michael Greenberg, Skechers chief operating officer David
Weinberg, Skechers senior vice president Jeffrey Greenberg, as well as
independent members Katherine Blair, Morton Erlich, Geyer Kosinski,
Richard Rappaport, Richard Siskind, and Thomas Walsh.
About Skechers USA, Inc.
Based in Manhattan Beach, California, Skechers designs, develops and
markets a diverse range of lifestyle footwear for men, women and
children, as well as performance footwear for men and women. Skechers
footwear is available in the United States and over 170 countries and
territories worldwide via department and specialty stores, more than
3,060 Skechers Company-owned and third-party-owned retail stores, and
the Company’s e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in
Canada, Japan, India, and throughout Europe and Latin America. For more
information, please visit about.skechers.com
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This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include,
without limitation, Skechers’ future domestic and international growth,
financial results and operations including expected net sales and
earnings, its development of new products, future demand for its
products, its planned domestic and international expansion, opening of
new stores and additional expenditures, and advertising and marketing
initiatives. Forward-looking statements can be identified by the use of
forward-looking language such as “believe,” “anticipate,” “expect,”
“estimate,” “intend,” “plan,” “project,” “will be,” “will continue,”
“will result,” “could,” “may,” “might,” or any variations of such words
with similar meanings. Any such statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected in forward-looking statements. Factors that might cause
or contribute to such differences include international economic,
political and market conditions including the challenging consumer
retail markets in the United States; sustaining, managing and
forecasting costs and proper inventory levels; losing any significant
customers; decreased demand by industry retailers and cancellation of
order commitments due to the lack of popularity of particular designs
and/or categories of products; maintaining brand image and intense
competition among sellers of footwear for consumers, especially in the
highly competitive performance footwear market; anticipating,
identifying, interpreting or forecasting changes in fashion trends,
consumer demand for the products and the various market factors
described above; sales levels during the spring, back-to-school and
holiday selling seasons; and other factors referenced or incorporated by
reference in Skechers’ annual report on Form 10-K for the year ended
December 31, 2018 and its quarterly report on Form 10-Q for the three
months ended March 31, 2019. The risks included here are not exhaustive.
Skechers operates in a very competitive and rapidly changing
environment. New risks emerge from time to time and the companies cannot
predict all such risk factors, nor can the companies assess the impact
of all such risk factors on their respective businesses or the extent to
which any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. Given these risks and uncertainties, you should not place
undue reliance on forward-looking statements as a prediction of actual
results. Moreover, reported results should not be considered an
indication of future performance.
Media Contact:
Jennifer Clay
Skechers USA, Inc.
[email protected]
310.937.1326
Source: Skechers USA, Inc.