The Board also approved a change in the company's fiscal year-end to the Saturday closest to June 30 from the Saturday closest to December 31. With this change, the company's 2007 fiscal year will begin July 2nd 2006 and end June 30th 2007.
The fiscal year-end change will result in the issuance of a six-month transition period financial report for the period from January 1st 2006 through July 1st 2006. Due to the ready availability of its quarterly financial information, the company does not intend to issue pro-forma financial data for the effected periods.
The company currently does approx. 70 percent of its business and earns all of its profit in the period between July and December, with the heaviest business volume falling in the Christmas shopping season. The fiscal year-end change will shift the company's year-end close away from the critical performance holiday period to a time of year when business is more normalized.
During the company's annual meeting, held this morning at its suburban Columbus headquarters, shareholders reelected directors Janice Page, Harvey Weinberg and David Lauer to 3-year terms.
Ms Page, 57, is an independent retail consultant and former Senior Group VP of Sears, Roebuck and Co; Weinberg, 68, is the former Chairman and CEO of Hartmarx Corporation clothiers; and, Lauer, 63, is the former President and COO of Bank One, Columbus.
RG Barry Corporation, The Dearfoams Company, is one of the world's leading developers and marketers of comfort footwear for at and around the home.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
