Published: October 11, 2004
Sport-Haley, Inc. Announces Appointment of Ronald J. Norick as Chairman of the Board
Sport-Haley, Inc. (the "Company")
announced today that the Board of Directors has appointed Ronald J. Norick,
a current director, as Chairman of the Board. The Chairman of the Board
position was newly-created by the Company through an amendment of its
Bylaws. Chairman of the Board is a non-employee and non-officer position.
Previously, Robert G. ("R.G.") Tomlinson, had served as Chairman until his
death in September 2004. The officer position of Chairman was abolished.
Mr. Norick has served as a director of the Company since 1993. He is a
member of the audit, compensation and nominating committees. From April
1987 until April 1998, Mr. Norick served as the elected Mayor of the City
of Oklahoma City, Oklahoma. From 1960 to 1992, Mr. Norick served in various
capacities, including serving as president from 1981 to 1992, of a
closely-held printing company, which was acquired by Reynolds & Reynolds in
June 1992. Mr. Norick serves on a number of civic, community, educational,
corporate and public boards, commissions and committees. Mr. Norick is a
director of Banc First Corporation, a publicly-held corporation based in
Oklahoma City, Oklahoma. Mr. Norick also serves as controlling manager of
Norick Investments Company LLC, a family-owned limited liability company,
which is engaged in investments.
Sport-Haley, Inc. designs, purchases, contracts for the manufacture of, and
markets quality men's and women's fashion golf apparel and outerwear under
the HALEY® label and premium men's apparel under the Ben Hogan® label.
HALEY® fashion golf apparel, known for its innovative design, quality
fabrics, generous fit and classic style is marketed in the premium and
mid-priced markets through a network of independent sales representatives
and distributors to golf professional shops, country clubs and resorts
across the United States and internationally. HALEY® apparel is also
marketed to corporate, college and other markets. Ben Hogan® apparel is
marketed to elite golf professional shops, upscale resorts and exclusive
department stores within the United States.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: When used in this release, the words "may," "will," "expect,"
"anticipate," "continue," "estimate," "project," "intend," "believe," and
similar expressions are intended to identify forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 regarding events, conditions and
financial trends including, without limitation, business conditions and
growth in the fashion golf apparel market and the general economy,
competitive factors, and price pressures in the high-end golf apparel
market; general economic conditions resulting from threats or acts of war
or terrorism; risks associated with an increasing percentage of sales
relating to licensed apparel; inventory risks due to shifts in market
demand and/or price erosion of purchased apparel, raw fabric and trim; cost
controls; changes in product mix; loss or reduced manufacturing capacity of
significant suppliers; loss or delay of shipments of finished goods from
foreign suppliers; and, other risks or uncertainties detailed in Securities
and Exchange Commission filings made by Sport-Haley, Inc. Such statements
are based on management's current expectations and are subject to risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, the actual plan of operations, business strategies, operating
results and financial position of Sport-Haley, Inc. could differ materially
from those expressed in, or implied by, such forward-looking statements.
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