Sport-Haley, Inc. said two new outside board members were elected at the company's recent annual shareholders' meeting. The new directors are Samuel A. Kidston and Lloyd M. Sems. Messrs. Kidston and Sems are also beneficial shareholders of the company, and Mr. Sems recently reported beneficial ownership of over 5% of the Ccmpany's outstanding common stock.
Mr. Kidston is the managing member and founder of North & Webster, LLC, Cambridge, Mass., an investment management and advisory firm. Prior to founding North & Webster, LLC, Mr. Kidston served as an equity analyst at BlackRock, Inc., from December 2001 to March 2006.
Mr. Sems has served as President since October 2003 of Sems Capital, LLC, and of Capital Edge, LLC, both of which he founded.
“We're excited about adding to the Board two shareholders who have each owned and followed our stock for the last few years,” stated Ronald J. Norick, Chairman of the Board. “Mr. Kidston and Mr. Sems have impressive financial backgrounds and serve on boards of other publicly traded companies. We believe that they will contribute new ideas to the Board and provide fresh perspectives to help direct the Company through the challenges that lie ahead.”
“We have been following Sport-Haley for the past few years and believe in the strength of its core brand,” stated Messrs. Kidston and Sems. “We look forward to working with the Board and the Company's employees to find ways to further leverage this brand, during these difficult economic times.
