Johnson Outdoors Welcomes Jeffrey M. Stutz to Board of Directors
23 Mai 2023 - 12:00PM
Johnson Outdoors Inc. (Nasdaq:JOUT), a leading
global innovator of outdoor recreation equipment and
technology, today announced the appointment of Jeffrey M. Stutz as
an independent director to the Company’s Board of Directors
effective May 23, 2023. Mr. Stutz is joining the Board as a Class A
Director, and will also be a member of the Audit Committee. He will
stand for re-election at the Annual Meeting in 2024. With the
addition of Mr. Stutz, the Board now consists of nine members.
“We’re pleased to welcome Jeff to Johnson Outdoors’ Board of
Directors. Jeff’s significant experience in business, finance, and
strategic planning, combined with his skill set operating in an
innovative retail and ecommerce market, will be a great addition to
our Board as we develop new strategies to grow our business,” said
Helen Johnson-Leipold, Chairman and Chief Executive Officer.
Mr. Stutz is Chief Financial Officer at MillerKnoll, Inc. and
was a key architect of the transformative merger of Herman Miller
with Knoll Furniture. He joined the company in 2001 as Manager of
Financial Reporting and later served as Director of Consolidations
and Assistant Corporate Controller. Prior to joining MillerKnoll
(formerly known as Herman Miller, Inc.) in 2001, he worked at
Donnelly Corporation, a publicly traded automotive supplier based
in Holland, Michigan, where he held roles in financial operations
and corporate accounting.
ABOUT JOHNSON OUTDOORS INC.
JOHNSON
OUTDOORS is a leading global
innovator of outdoor recreation equipment and technologies that
inspire more people to experience the awe of the great outdoors.
The company designs, manufactures and markets a portfolio of
winning, consumer-preferred brands across four categories:
Watercraft Recreation, Fishing, Diving and Camping. Johnson
Outdoors' iconic brands include: Old Town® canoes and kayaks;
Carlisle® paddles; Minn Kota® trolling motors, shallow water
anchors and battery chargers; Cannon® downriggers; Humminbird®
marine electronics and charts; SCUBAPRO® dive equipment; Jetboil®
outdoor cooking systems; and, Eureka!®camping and hiking
equipment.
Visit Johnson Outdoors at
http://www.johnsonoutdoors.com
Safe Harbor Statement
Certain matters discussed in this press release are
“forward-looking statements,” intended to qualify for the safe
harbors from liability established by the Private Securities
Litigation Reform Act of 1995. Statements other than statements of
historical fact are considered forward-looking statements. These
statements may be identified by the use of forward-looking words or
phrases such as "anticipate,'' "believe,'' "confident," "could,''
"expect,'' "intend,'' "may,'' "planned,'' "potential,'' "should,''
"will,'' "would'' or the negative of those terms or other words of
similar meaning. Such forward-looking statements are subject to
certain risks and uncertainties, which could cause actual results
or outcomes to differ materially from those currently anticipated.
Factors that could affect actual results or outcomes include the
matters described under the caption “Risk Factors” in Item 1A of
the Company’s Form 10-K filed with the Securities and Exchange
Commission on December 9, 2022, and the following: changes in
economic conditions, consumer confidence levels and discretionary
spending patterns in key markets; uncertainties stemming from
political instability (and its impact on the economies in
jurisdictions where the Company has operations), uncertainties
stemming from changes in U.S. trade policies, tariffs, and the
reaction of other countries to such changes; the global outbreaks
of disease, such as the COVID-19 pandemic, which has affected, and
may continue to affect, market and economic conditions, and the
timing, pricing and continued availability of raw materials and
components from our supply chain, along with wide-ranging impacts
on employees, customers and various aspects of our operations; the
Company’s success in implementing its strategic plan, including its
targeted sales growth platforms, innovation focus and its
increasing digital presence; litigation costs related to actions of
and disputes with third parties, including competitors; the
Company’s continued success in its working capital management and
cost-structure reductions; the Company’s success in integrating
strategic acquisitions; the risk of future write-downs of goodwill
or other long-lived assets; the ability of the Company’s customers
to meet payment obligations; the impact of actions of the Company’s
competitors with respect to product development or enhancement or
the introduction of new products into the Company’s markets;
movements in foreign currencies, interest rates or commodity costs;
fluctuations in the prices of raw materials or the availability of
raw materials or components used by the Company; any disruptions in
the Company’s supply chain as a result of material fluctuations in
the Company’s order volumes and requirements for raw materials and
other components necessary to manufacture and produce the Company’s
products including related to shortages in procuring necessary raw
materials and components to manufacture and produce such products;
the success of the Company’s suppliers and customers and the impact
of any consolidation in the industries of the Company’s suppliers
and customers; the ability of the Company to deploy its capital
successfully; unanticipated outcomes related to outsourcing certain
manufacturing processes; unanticipated outcomes related to
litigation matters; and adverse weather conditions and other
factors impacting climate change legislation. Shareholders,
potential investors and other readers are urged to consider these
factors in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements included herein are only
made as of the date of this filing. The Company assumes no
obligation, and disclaims any obligation, to update such
forward-looking statements to reflect subsequent events or
circumstances.
At
Johnson Outdoors Inc. |
|
David Johnson |
Patricia Penman |
VP & Chief Financial Officer |
VP – Marketing Services & Global Communications |
262-631-6600 |
262-631-6600 |
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