HD Supply Holdings, Inc. Announces New Board Member and Conclusion of SEC Investigation
29 Junho 2020 - 5:30PM
HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest
industrial distributors in North America, today announced the
appointment of Milford W. McGuirt to serve as a member of the
Company’s Board of Directors. Mr. McGuirt was appointed on June 28,
2020, and will serve as a member of the Audit and Nominating and
Corporate Governance Committees.
"We are excited to welcome Milford to our board of directors.
Milford brings a tremendous performance track record and decades of
financial, operational and community leadership to the team,” said
Joe DeAngelo, Chairman and CEO of HD Supply.
Mr. McGuirt, served as managing partner of the Atlanta office
and mid-south region of KPMG until his retirement. He additionally
served as KPMG’s national audit sector leader and national industry
leader for the firm’s higher education practice. He has served on
the Executive Committee and was Treasurer for the Metro Atlanta
Chamber of Commerce, Audit Committee Chair of the Woodruff Arts
Center and Board Chair for the Commerce Club and the Georgia
Partnership for Excellence in Education. Mr. McGuirt has more than
41 years of experience in public accounting and audit services to a
wide range of public and private companies across a variety of
industries, including 29 years of experience leading audits, audit
practices, and overseeing teams leading audits.
Conclusion of Previously-Disclosed SEC
Investigation
On June 24, 2020 the Company received a letter from the staff of
the Atlanta Regional office (“the staff”) of the U.S. Securities
and Exchange Commission (“Commission”) confirming that the staff
has completed its investigation of HD Supply Holdings, Inc. and,
based upon the information the Staff has currently, does not intend
to recommend to the Commission that an enforcement action be
brought against the Company.
About HD Supply
HD Supply (www.hdsupply.com) is one of the largest industrial
distributors in North America. The company provides a broad range
of products and value-add services to approximately 500,000
customers with leadership positions in the maintenance, repair and
operations and specialty construction sectors. Through
approximately 270 branches and 44 distribution centers in the U.S.
and Canada, the company's more than 11,000 associates provide
localized, customer-tailored products, services and expertise.
Forward-Looking Statements
This press release includes "forward-looking statements".
Forward-looking statements are based on management's beliefs and
assumptions and information currently available to management and
are subject to known and unknown risks and uncertainties, many of
which may be beyond our control. We caution you that the
forward-looking information presented in this press release is not
a guarantee of future results, and that actual results may differ
materially from those made in or suggested by the forward-looking
information contained in this press release. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "may," "plan," "seek,"
"comfortable with," "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. A number of important
factors could cause actual events to differ materially from those
contained in or implied by the forward-looking statements,
including, without limitation, unexpected changes in the
Commission’s intentions or adverse outcomes with respect to future
actions of governmental bodies, which cannot be predicted and could
change rapidly, and those "Risk factors" in our annual report on
Form 10-K, for the fiscal year ended February 2, 2020, filed on
March 17, 2020 and those described from time to time in our, and HD
Supply, Inc.'s, other filings with the U.S. Securities and Exchange
Commission (the “SEC”). Any forward-looking information presented
herein is made only as of the date of this press release, and we do
not undertake any obligation to update or revise any
forward-looking information to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise.
Investor and Media Contact:Charlotte
McLaughlinHD Supply Investor
Relations770-852-9100InvestorRelations@hdsupply.comCharlotte.McLaughlin@hdsupply.com
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