Pacific Sunwear said that on July 14, 2008, Julius (“Reb”) Jensen III resigned from its board of directors to pursue other personal interests. According to a filing with the Securities & Exchange Commission, Jensen's decision to resign was not the result of any disagreement with the company relating to its operations, policies or practices.
Sally Frame Kasaks, Chief Executive Officer and Chairman of the Board of the Company, stated, “Pacific Sunwear thanks Reb for his twenty years of dedicated service as a Board member. We wish him the best of luck in all of his future endeavors.”
Jensen has been a Managing General Partner of Copley Venture Partners, a venture capital investment firm since April 1982. Jensen has been a Director of Natural Wonders Inc. since February 1996. Mr. Jensen has been a Director of Pacific Sunwear of California Inc. since 1988 and is Chairman of Audit Committee and Member of Nominating and Governance Committees.
