Enesco (NYSE:ENC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Enesco Charts. Click Here for more Enesco Charts.](/p.php?pid=staticchart&s=NY%5EENC&p=8&t=15)
The Board of Directors at Enesco Group, Inc. (NYSE:ENC),
a leader in the giftware, and home and garden decor industry, today
announced the retirement of George R. Ditomassi following the
Company's Annual Shareholders Meeting.
Mr. Ditomassi served on the Board of Directors since 2000, served
in the Office of the Chairman from January 2001 to March 2001, and was
Enesco's Interim Chief Executive Officer from August 2004 through
January 2005. In 1988, Enesco's Board adopted a policy providing for
mandatory retirement at the annual meeting of shareholders following
the date on which a director reaches age 72. Mr. Ditomassi will become
age 72 later this year and has decided to retire at this time.
"We thank George Ditomassi for his support of Enesco and the Board
of Directors over the past six years," stated Anne-Lee Verville,
Chairman of Enesco's Board of Directors. "We will miss the
contributions he made to the Board, but wish him well with his future
endeavors."
About Enesco Group, Inc.
Enesco Group, Inc. is a world leader in the giftware, and home and
garden decor industries. Serving more than 44,000 customers worldwide,
Enesco distributes products to a wide variety of specialty card and
gift retailers, home decor boutiques, as well as mass-market chains
and direct mail retailers. Internationally, Enesco serves markets
operating in the United Kingdom, Canada, Europe, Mexico, Australia and
Asia. With subsidiaries located in Europe and Canada, and a business
unit in Hong Kong, Enesco's international distribution network is a
leader in the industry. Enesco's product lines include some of the
world's most recognizable brands, including Border Fine Arts, Bratz,
Circle of Love, Foundations, Halcyon Days, Jim Shore Designs, Lilliput
Lane, Pooh & Friends, Walt Disney Classics Collection, and Walt Disney
Company, among others. Further information is available on Enesco's
web site at www.enesco.com.
This press release contains forward-looking statements, which
reflect management's current assumptions and beliefs and are based on
information currently available to management. Enesco has tried to
identify such forward-looking statements by use of such words as
"expects," "intends," "anticipates," "could," "estimates," "plans,"
and "believes," and similar expressions, but these words are not the
exclusive means of identifying such statements. Such statements are
subject to various risks, uncertainties and other factors, which could
cause actual results to vary materially from those anticipated,
estimated, expected or projected. Important factors that may cause
actual future events or results to differ materially and adversely
from those described in the forward-looking statements include, but
are not limited to: Enesco's success in implementing its comprehensive
plan for operating improvement and achieving its goals for cost
savings and market share increases; Enesco's ability to identify and
hire a permanent CEO and Executive Vice President and Chief Financial
Officer; Enesco's success in developing new products and consumer
reaction to Enesco's new products; Enesco's ability to secure,
maintain and renew popular licenses, particularly our Cherished
Teddies, Disney and Jim Shore Designs licenses; Enesco's ability to
grow revenues in mass and niche market channels; Enesco's ability to
comply with covenants contained in its credit facility; changes in
general economic conditions, as well as specific market conditions;
fluctuations in demand for our products; manufacturing lead times; the
timing of orders and shipments and our ability to predict customer
demands; inventory levels and purchase commitments exceeding
requirements based upon forecasts; collection of accounts receivable;
changes in the regulations and procedures affecting the importation of
goods into the United States; changes in foreign exchange rates; price
and product competition in the giftware industry; variations in sales
channels, product costs or mix of products sold; and, possible future
terrorist attacks, epidemics, or acts of war. In addition, Enesco
operates in a continually changing business environment and does not
intend to update or revise the forward-looking statements contained
herein, which speak only as of the date hereof. Additional information
regarding forward-looking statement risk factors is contained in
Enesco's reports and filings with the Securities and Exchange
Commission. In light of these risks and uncertainties, the
forward-looking statements contained herein may not occur and actual
results could differ materially from those set forth herein.
Accordingly, you should not rely on these forward-looking statements
as a prediction of actual future results.