Wellco's BOD appoints Sarah E Lovelace on Compensation Committee

23 Aug '05

1 min read

Shoemaker Wellco Enterprises Inc announced that on August 17, 2005 Sarah E. Lovelace was elected to serve the unexpired term of deceased Wellco Director James T. Emerson.. Lovelace, who was the sister of Emerson, is the sole Executor of the Estate of James T. Emerson. The Estate includes 747,084 shares of the common shares of Wellco, representing 58.8 percent of the total issued and outstanding common shares of Wellco.

Lovelace will serve on the Compensation Committee of the Board of Directors Lovelace is the mother of Wellco Director John D. Lovelace.

Lovelace will serve until the November 15, 2005 Annual Meeting of Wellco shareholders at which all nine members of its Board of Directors will be elected for a one-year term.

Wellco Enterprises Inc began operations in Waynesville, NC. Ro-Search Inc a subsidiary, develops shoe manufacturing processes and licenses its technology to other manufactures world-wide. Introduced a new line of combat boots incorporating running-shoe technology. Blast protective boot and overboot enhanced by incorporating polyurethane injection, combined with rubber in the tread area for traction and wear. Opened Combat Footgear, etc. by Wellco at Fort Bragg, North Carolina.

Wellco Enterprises Inc

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