KarpReilly LLC Announces Withdrawal of Slate of Nominees for Election to Charlotte Russe Board
16 Abril 2009 - 12:13PM
PR Newswire (US)
GREENWICH, Conn., April 16 /PRNewswire/ -- KarpReilly LLC
("KarpReilly") announced today that it is withdrawing its slate of
three director nominees for election to the Board of Directors of
Charlotte Russe Holding, Inc. ("Charlotte Russe" or the "Company")
(NASDAQ:CHIC) at the Company's 2009 annual meeting of stockholders
on April 28, 2009. Allan W. Karp, KarpReilly's managing member,
stated, "We thank the Company's stockholders for the support we
have received to date, however, in view of the reports issued by
RiskMetrics Group and Glass Lewis & Co., which acknowledge many
of our concerns but recommend that stockholders support the
incumbent nominees, we believe it is in the best interests of all
stockholders for KarpReilly to withdraw its slate of nominees."
About KarpReilly LLC KarpReilly LLC is a private investment firm
focused on long-term investments in premier consumer growth
companies. KarpReilly and its predecessor firm Saunders, Karp &
Megrue have owned and helped to build such successful national
chains as Dollar Tree Stores, Hibbett Sporting Goods, The
Children's Place, Mimi's Cafe, Bob's Discount Furniture, The Habit
Burger Grill and Tommy Bahama. DATASOURCE: KarpReilly LLC CONTACT:
Steven C. Balet of Okapi Partners LLC, +1-212-297-0720
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