COPPELL, Texas, Jan. 17, 2011 /PRNewswire/ -- Craftmade International, Inc. (OTCQX: CRFT) (the "Company") today announced that the Company's Annual Meeting of Stockholders will be held on Thursday, February 10, 2011 at the Sheraton DFW Hotel located at 4440 West John Carpenter Freeway, Irving, Texas. Attendance at the meeting is limited to stockholders, their proxies and invited guests of the Company.
The following actions are expected to be taken at the annual meeting:
- Election of five directors to serve until the next annual meeting of stockholders of the Company or until their successors have been duly elected and qualified;
- Ratification of the selection by the Audit Committee of the Company's independent registered public accounting firm; and
- Consideration of any other matters properly brought before the meeting.
Only stockholders of record at the close of business on January 10, 2011 or their proxies may vote at the annual meeting. Please refer to the By-Laws with respect to the specific requirements, including timely notice, for submitting any stockholder proposals or making any stockholder nominations for directors to be properly considered at the annual meeting. More information about these business items is described in the Proxy Statement and Notice of Annual Meeting of Stockholders, being mailed out to stockholders. Included with the proxy statement is a copy of our Annual Report for the fiscal year ended June 30, 2010. The proxy can also be found by visiting www.craftmadeannualmeeting.com.
Founded in 1985, Craftmade International, Inc. is engaged in the design, manufacturing, distribution and marketing of a broad range of home decor products, including proprietary ceiling fans, lighting products and outdoor furniture. The Company distributes its premium products through a network of independent showrooms and mass retail customers through its headquarters and distribution facility in Coppell, Texas and manufacturing plant in Owosso, Michigan. More information about Craftmade International, Inc. can be found at www.craftmade.com.
Various statements in this Press Release or incorporated by reference herein, in future filings with the OTCQX or the SEC, in press releases, and in oral statements made by or with the approval of authorized personnel constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and are indicated by words or phrases such as "may," "will," "should," "could," "might," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "forecasts," "intends," "potential," "continue," and similar words or phrases and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. These forward-looking statements include statements or predictions regarding among other items: revenues and profits; gross margin; customer concentration; customer buying patterns; sales and marketing expenses; general and administrative expenses; pricing and cost reduction activities; income tax provision and effective tax rate; realization of deferred tax assets; liquidity and sufficiency of existing cash, cash equivalents, and investments for near-term requirements; purchase commitments; product development and transitions; competition and competing technology; outcomes of pending or threatened litigation; and financial condition and results of operations as a result of recent accounting pronouncements. These forward-looking statements are based largely on expectations and judgments and are subject to a number of risks and uncertainties, many of which are beyond our control. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Craftmade International, Inc.