Stockholders of Collective Brands, Inc. (NYSE: PSS) today approved all three of management's proposals at the Corporation's annual meeting. Stockholders re-elected three directors to the Collective Brands Board of Directors, ratified the reappointment of Deloitte & Touche LLP as the corporation's independent registered public accountant for fiscal year 2009, and approved the amendments to and restatement of the Collective Brands, Inc. 2006 Stock Incentive Plan.
Mylle H. Mangum, Chief Executive Officer of IBT Enterprises, LLC; John F. McGovern, Partner, Aurora Capital LLC; and D. Scott Olivet, Chief Executive Officer and Director of Oakley, Inc. were re-elected to the Collective Brands Board of Directors at the meeting. These re-elected board members were each elected to a three-year term to expire at the annual meeting of stockholders in 2012.
Other board members whose terms continue are: Daniel Boggan Jr., Retired Senior Vice President of the National Collegiate Athletic Association; Judith K. Hofer, retail consultant; Matthew A. Ouiment, Executive Vice President for Corinthian Colleges; Robert F. Moran, President and Chief Operating Officer of PetSmart, Inc.; Matthew E. Rubel, Chairman, Chief Executive Officer and President of Collective Brands; Michael A. Weiss, President and Chief Executive Officer of Express LLC; and Robert C. Wheeler, retired Chairman and President of Hill's Pet Nutrition.
Matthew E. Rubel has been re-elected as Chairman of the Board. Robert Moran has been re-elected as Lead Director. The Chairman of the Board and Lead Director are elected annually at the Board meeting immediately following the annual meeting of stockholders.
