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Buckle declares quarterly dividend, William Orr retires from Board

Jun '06
Casual apparel and footwear retailer Buckle Inc has announced that at its quarterly meeting of the Board of Directors, held on June 2nd 2006, the Board authorized a $.17 per share quarterly dividend payment to be paid to shareholders of record at the close of business on July 14th 2006, and payable on July 27th 2006.

The company also announced the retirement of William Orr from its Board of Directors effective with the company's annual meeting held on June 2nd 2006. He served as a Director for the company since July 1st 1991.

Buckle Inc's President and CEO, Dennis Nelson, said, "We would like to thank Bill for 15 years of service and for the many contributions he made during his tenure on our Board."

Orr has been replaced on the Board by John P (Jack) Peetz, whose term as a Director began June 2nd 2006, upon shareholder approval. Peetz is currently the Executive VP and COO for Crete Carrier Corporation, one of the largest privately held trucking companies in the United States, located in Lincoln, Nebraska.

Year-to-date, the company has repurchased 54,000 shares of its common stock at an average price of $40.09 per share. These shares have been repurchased pursuant to the stock repurchase program originally authorized by the company's Board of Directors on October 12th 2005 and then expanded by the Board on March 24th 2006. It has 635,600 shares remaining under the existing repurchase program.

Headquartered in Kearney, Nebraska, Buckle Inc is a retailer of casual apparel, footwear and accessories for young men and women. It currently operates 344 retail stores in 38 states.

Buckle Inc

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