The preliminary proxy materials, when available after the close of market trading on
Jeereddi, together with its proposed nominees, are beneficial owners of approximately 2.3% of the shares of the Company's common stock. These entities previously submitted a notice of nomination of three individuals for election to the Company's Board at the 2017 Annual Meeting and proposed immediately replacing current Chief Executive Officer
The Board's conclusion with respect to Tuesday Morning's progress and momentum is bolstered by the Company's recently-provided financial and operational guidance. As detailed during the Company's Fourth Quarter and Fiscal 2017 earnings presentation, this includes achieving comparable store sales in the range of 2% to 5% and a significant improvement in EBITDA compared to last year.
As detailed in the Company's preliminary proxy statement, the Board unanimously recommends that stockholders vote "For" the election of each of the nominees proposed by the Board of Directors on the WHITE proxy card.
About Tuesday Morning
Important Additional Information and Where to Find It
Stockholders will be able to obtain, free of charge, copies of the 2017 Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the Company with the
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, which are based on management's current expectations, estimates and projections. Forward-looking statements typically are identified by the use of terms such as "may," "will," "should," "expect," "anticipate," "believe," "estimate," "intend" and similar words, although some forward-looking statements are expressed differently. You should carefully consider statements that contain these words or words that state other "forward-looking" information because they describe our current expectations, plans, strategies and goals and our current beliefs concerning future business conditions, future results of operations, future financial position, and our current business outlook. Forward-looking statements in this press release include, but are not limited to, statements of management's current plans and expectations in this press release.
Reference is hereby made to the Company's filings with the
The forward-looking statements made in this press release relate only to events as of the date on which the statements were made. Except as may be required by law, the Company disclaims obligations to update its forward-looking statements to reflect events and circumstances after the date on which the statements were made or to reflect the occurrence of unanticipated events. Investors are cautioned not to place undue reliance on any forward-looking statements.
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