VOXX International Corporation Directors Elected At Annual Shareholders Meeting

Industry Veteran Denise Gibson joins the Board of Directors

Jul 28, 2015, 09:00 ET from VOXX International Corporation

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

 

SOURCE VOXX International Corporation



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