Guitar Center, Inc. Announces Results of Annual Meeting of Stockholders

  
    
  
  
    
      Guitar Center, Inc. (Nasdaq NMS: GTRC) today announced the results of 
      its Annual Meeting of Stockholders held May 10, 2007. There were three 
      proposals to be decided:
    
    
      
        the election of a board of nine directors for the ensuing year or 
        until the election and qualification of their respective successors;
      
      
        an amendment to the 2004 Guitar Center, Inc. Incentive Stock Award 
        Plan to, among other things, increase the number of shares that may be 
        issued under the plan from 2,800,000 to 4,300,000; and
      
      
        the ratification of the selection of KPMG LLP as Guitar Center’s 
        independent auditors for the year ending December 31, 2007.
      
    
    
      The company’s stockholders re-elected the 
      current nine board members for one-year terms, approved the amendment 
      and ratified the selection of KPMG LLP.
    
    
      About Guitar Center
    
    
      Guitar Center is the leading United States retailer of guitars, 
      amplifiers, percussion instruments, keyboards and pro-audio and 
      recording equipment. Our retail store subsidiary presently operates more 
      than 210 Guitar Center stores across the United States. In addition, our 
      Music & Arts division operates more than 95 stores specializing in band 
      instruments for sale and rental, serving teachers, band directors, 
      college professors and students. We are also the largest direct response 
      retailer of musical instruments in the United States through our wholly 
      owned subsidiary, Musician’s Friend, Inc., and 
      its catalogs and websites, including www.musiciansfriend.com, 
      www.guitarcenter.com, www.wwbw.com 
      and www.music123.com. More 
      information on Guitar Center can be found by visiting the Company’s 
      web site at www.guitarcenter.com.