Rocky Mountain Chocolate Factory Files Preliminary Proxy Statement in Connection with 2021 Annual Meeting of Stockholders
August 30, 2021 at 17:25 PM EDT
DURANGO, CO / ACCESSWIRE / August 30, 2021 / Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) (the "Company"), a global confectionary manufacturer, international franchisor and retail operator delighting consumers through a premium offering of gourmet chocolate, confection and self-serve frozen yogurt, today announced that it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission in connection with its 2021 Annual Meeting of Shareholders (the "Annual Meeting").
As detailed in its preliminary proxy materials filed today, the Company's slate of director nominees comprises seven highly qualified individuals with a diverse set of relevant experience, qualifications and skills, six of whom are independent directors. Through the Board's ongoing refreshment program, intended to evolve the Board to best serve the short- and long-term interests of the Company and its stockholders, the directors nominated by the Board possess significant expertise across digital, product, omnichannel, e-commerce, technology, transformation, operational excellence, consumer branding, franchising and strategic planning. With the election of the Board's nominees at the Annual Meeting, greater than a majority of the Board will have been refreshed over the last two years, all of whom are independent.
The slate of directors nominated by the Company's Board of Directors includes:
Rahul Mewawalla, Chairman of the RMCF Board, issued the following statement:
"We are continuing our commitment to transform Rocky Mountain Chocolate Factory with world-class strategic and operating experience on our Board, new highly qualified independent directors and best-in-class governance policies as we focus on creating greater value for all stockholders and delighting our consumers," said Mr. Mewawalla. "These growth-oriented actions and the significant refreshment of our Board - five new directors appointed to the Board over the last two years, all of whom are independent - demonstrate that this Board is delivering on its commitment to best-in-class corporate governance, oversight and leadership. We believe that these highly qualified director candidates nominated by the Board bring a diverse set of skills, qualifications and experiences to help the Company capitalize on exciting opportunities in digital, e-commerce and product innovation and further strengthen its iconic brand."
Rocky Mountain Chocolate Factory has a 40-year track record of delighting customers with beloved, premium chocolate, confection and frozen yogurt products. "We are focused on supporting the Company's long-term growth and innovation strategy by delivering superior customer experiences, enhancing the brand and driving shareholder value. We believe the Company is increasingly well positioned to deliver on its exciting next chapter of growth," added Mr. Mewawalla.
The Company's preliminary proxy filing highlights the Board's recent actions to build on the Company's commitment to best-in-class corporate governance, in addition to its commitment to add robust strategic, operational and transformational experience to the Board. These governance enhancements include:
As a result of these efforts, upon election of the nominees at the annual meeting, four of the Company's six independent directors will have joined the Board in 2021. The Board is committed to upholding the highest standards of corporate governance and continuing to maximize value for all Rocky Mountain Chocolate Factory stockholders.
Rocky Mountain Chocolate Factory's preliminary proxy materials can be found on the SEC's website at www.sec.gov and on the Company's website at rmcf.com/SEC-Filings. The Company's definitive proxy materials will be mailed to all shareholders eligible to vote at the 2021 Annual Meeting. The Board encourages Rocky Mountain Chocolate Factory stockholders to read all of the Company's Annual Meeting materials when they are available and to vote in favor of the Board's candidates on the WHITE proxy card.
Jeffrey R. Geygan
Mary K. Thompson
Bryan J. Merryman
Brett P. Seabert
About Rocky Mountain Chocolate Factory, Inc.
Important Additional Information and Where to Find It
Certain Information Regarding Participants to the Solicitation
SOURCE: Rocky Mountain Chocolate Factory, Inc.
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