DGSE Companies Names Dusty Clem as Chairman, President and CEO
April 21 2014 - 9:01AM
Business Wire
Brett Burford, CFO, Named to Board of
Directors
DGSE Companies, Inc. (NYSE MKT: DGSE), a leading wholesaler and
retailer of jewelry, diamonds, fine watches, and precious metal
bullion and rare coin products, today announced that James D.
“Dusty” Clem has been appointed to the positions of Chairman,
President and Chief Executive Officer of DGSE Companies, Inc.,
effective immediately. Mr. Clem replaces James Vierling, who has
resigned as CEO and as a director of DGSE to accept a position with
Elemetal, LLC (“Elemetal”), DGSE’s largest shareholder.
In addition, Brett Burford, who has served as DGSE’s Chief
Financial Officer since August 2012, was named to DGSE’s Board of
Directors, effective immediately, replacing Mr. Vierling on the
DGSE Board.
Mr. Clem became Chief Operating Officer of DGSE Companies, Inc.
in December 2012. Previously, he served as DGSE’s Vice President of
Sales and Marketing from 2008 to 2012. Prior to 2008, Mr. Clem was
with the Heritage Organization, LLC, an estate planning firm, for
seven years where he served in several positions including Vice
President of Sales and Marketing and ultimately Chief Operating
Officer. Mr. Clem holds a B.B.A. in business from the University of
Texas at Arlington.
“I am excited to lead DGSE Companies through the next phase of
its evolution,” commented Mr. Clem. “I wish to thank Jim Vierling
for his years of service to the Company, its employees, customers
and shareholders. He played a pivotal role in helping the new
management team overcome the challenges we faced, and reposition
DGSE for future success. With most of the legacy issues now behind
us, this is the ideal time for this transition as we take the next
step towards sustained profitability.”
Mr. Vierling added, “I am certain that Dusty is the ideal person
to lead DGSE into the future. I look forward to facilitating a
smooth and orderly transition, and continuing to support the
Company in the months and years to come in my new role at Elemetal,
DGSE’s largest shareholder.”
About DGSE Companies
DGSE Companies, Inc. wholesales and retails jewelry, diamonds,
fine watches, and precious metal bullion and rare coin products
through its Bullion Express, Charleston Gold & Diamond
Exchange, Dallas Gold & Silver Exchange, and Southern Bullion
Coin & Jewelry operations. DGSE also owns Fairchild
International, Inc., one of the largest vintage watch wholesalers
in the country. In addition to its retail facilities in Alabama,
Florida, Georgia, Illinois, South Carolina, Tennessee and Texas,
the Company operates internet websites which can be accessed at
www.bullionexpress.com, www.dgse.com, www.cgdeinc.com, and
www.sbcoin.com. Real-time price quotations and real-time order
execution in precious metals are provided on another DGSE website
at www.USBullionExchange.com. Wholesale customers can access the
full vintage watch inventory through the restricted site at
www.FairchildWatches.com. The Company is headquartered in Dallas,
Texas and its common stock trades on the NYSE MKT exchange under
the symbol "DGSE."
This press release includes statements which may constitute
"forward-looking" statements, usually containing the words
"believe," "estimate," "project," "expect" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's products and services in the
marketplace, competitive factors, dependence upon third-party
vendors, and other risks detailed in the Company's periodic report
filings with the Securities and Exchange Commission. By making
these forward-looking statements, the Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release.
DGSE Companies, Inc.Dusty Clem, 972-587-4021Chairman, President
and CEOinvestorrelations@dgse.comorHayden IRBrett Maas,
646-536-7331Managing Partnerbrett@haydenir.com
DGSE Companies (AMEX:DGSE)
Historical Stock Chart
From Aug 2024 to Sep 2024
DGSE Companies (AMEX:DGSE)
Historical Stock Chart
From Sep 2023 to Sep 2024