LAKEWOOD, Colo., Aug. 6, 2020 /PRNewswire/ -- Natural Grocers by
Vitamin Cottage, Inc. (NYSE: NGVC) today announced that
David C. Rooney was unanimously
elected to the company's board of directors on August 5, 2020. Mr. Rooney's election filled the
vacant seat on the board created by the previously announced
retirement of Michael T. Campbell,
which was effective August 5, 2020.
Mr. Rooney will serve an initial term expiring at the
company's 2023 annual meeting of stockholders. Mr. Rooney, who
recently retired as an audit partner at Deloitte & Touche LLP,
was also appointed to serve as Chair of the board's Audit
Committee.
"Our announcement of David's election to our board reflects our
effective succession planning and ensures that we will maintain the
full array of skills and experience needed to provide strong board
leadership and oversight," said Kemper
Isely, Natural Grocers' Co-President and Chairman. "His
significant financial and auditing experience will be highly
beneficial to our board. I want to thank Michael Campbell for his leadership and
exemplary service to the board. It has been a privilege to serve
with him over the past eight years."
Mr. Rooney, 62, recently retired after a 40-year career with
Deloitte & Touche LLP, where he served as an audit partner and
held numerous leadership roles. During his time at Deloitte, he
served as partner-in-charge of the Denver audit practice, as Colorado practice leader for services to the
Consumer & Industrial products industries, and as an advisory
partner, advising public and private companies on critical business
issues. He has extensive experience in the areas of accounting and
finance, risk assessment, internal controls, corporate governance,
mergers and acquisitions, and public offerings.
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an
expanding specialty retailer of natural and organic groceries, body
care products and dietary supplements. The products sold by Natural
Grocers must meet strict quality guidelines and may not contain
artificial colors, flavors, preservatives or sweeteners, or
partially hydrogenated or hydrogenated oils. The Company sells only
USDA certified organic produce and exclusively pasture-raised,
non-confinement dairy products, and free-range eggs. Natural
Grocers' flexible smaller-store format allows it to offer
affordable prices in a shopper-friendly retail environment. The
Company also provides extensive free science-based nutrition
education programs to help customers make informed health and
nutrition choices. The Company, founded in 1955, has 159 stores in
20 states.
Visit www.NaturalGrocers.com for more information and store
locations.
Forward-Looking Statements
The following constitutes a "safe harbor" statement under the
Private Securities Litigation Reform Act of 1995. Except for the
historical information contained herein, statements in this release
are "forward-looking statements" and are based on current
expectations and assumptions that are subject to risks and
uncertainties. All statements that are not statements of historical
fact are forward-looking statements. Actual results could differ
materially from those described in the forward-looking statements
because of factors such as risks and challenges related to the
COVID-19 pandemic and government mandates, the economy, changes in
the Company's industry, business strategy, goals and expectations
concerning the Company's market position, future operations,
margins, profitability, capital expenditures, liquidity and capital
resources, future growth, other financial and operating information
and other risks detailed in the Company's Annual Report on Form
10-K for the fiscal year ended September 30,
2019 (the Form 10-K) and the Company's subsequent quarterly
reports on Form 10-Q. The information contained herein speaks only
as of the date of this release and the Company undertakes no
obligation to update forward-looking statements, except as may be
required by the securities laws.
For further information regarding risks and uncertainties
associated with the Company's business, please refer to the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Risk Factors" sections of the Company's
filings with the Securities and Exchange Commission, including, but
not limited to, the Form 10-K and the Company's subsequent
quarterly reports on Form 10-Q, copies of which may be obtained by
contacting Investor Relations at 303-986-4600 or by visiting the
Company's website at http://Investors.NaturalGrocers.com.
Investor Contact:
Scott Van Winkle, ICR, Managing
Director, 617-956-6736, scott.vanwinkle@icrinc.com
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SOURCE Natural Grocers by Vitamin Cottage, Inc.