LAKEWOOD, Colo., June 27,
2024 /PRNewswire/ -- Natural Grocers by Vitamin
Cottage, Inc. (NYSE: NGVC) today announced that Todd Dissinger, Chief Financial Officer, has
informed the Company of his intention to retire on December 31, 2024. He will continue to serve as
Chief Financial Officer until his successor is appointed to ensure
a smooth transition. The Company will conduct a thorough process to
identify Mr. Dissinger's successor with the assistance of an
executive recruiting firm.
"Since his appointment as Chief Financial Officer in
December 2017, Todd has been an
invaluable member of our executive team, helping Natural Grocers to
execute on its founding principles while achieving record financial
performance and enhancing shareholder value," said Kemper Isely, Chairman and Co-President. "I want
to thank Todd for his many contributions to our success and wish
him well in retirement. We are grateful for his dedication and
continuing leadership throughout this transition."
"I would like to express my gratitude to Kemper, the Isely
family, our Board, and all our team members for the support and
commitment they have extended during my tenure at Natural Grocers,"
said Mr. Dissinger. "I am fortunate to have had the opportunity to
conclude my career at a company with a long legacy, and a clear and
consistent mission committed to the health and well-being of its
customers, communities, and employees. I'm proud to have been part
of that mission and success. I am confident in Natural Grocers'
bright future and look forward to doing everything I can to ensure
a successful transition."
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an
expanding specialty retailer of natural and organic groceries, body
care products and dietary supplements. The products sold by Natural
Grocers must meet strict quality guidelines and may not contain
artificial colors, flavors, preservatives or sweeteners, or
partially hydrogenated or hydrogenated oils. The Company sells only
USDA certified organic produce and exclusively pasture-raised,
non-confinement dairy products, and free-range eggs. Natural
Grocers' flexible smaller-store format allows it to offer
affordable prices in a shopper-friendly, clean and convenient
retail environment. The Company also provides extensive free
science-based nutrition education programs to help customers make
informed health and nutrition choices. The Company, founded in
1955, has 168 stores in 21 states.
Visit www.NaturalGrocers.com for more information and store
locations.
Forward-Looking Statements
The following constitutes a "safe harbor" statement under the
Private Securities Litigation Reform Act of 1995 (the "PSLRA").
Certain statements in this release, including statements regarding
Mr. Dissinger's intent to retire and plans for identifying a
successor are forward-looking statements within the meaning of the
PSLRA, are based on management's current expectations and are
subject to uncertainty and changes in circumstances. The
information contained herein speaks only as of the date of this
release and the Company undertakes no obligation to publicly update
forward-looking statements, except as may be required by the
securities laws.
For further information regarding risks and uncertainties
associated with the Company's business, please refer to the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Risk Factors" sections of the Company's
filings with the Securities and Exchange Commission, including, but
not limited to, the Form 10-K and the Company's subsequent
quarterly reports on Form 10-Q, copies of which may be obtained by
contacting Investor Relations at 303-986-4600 or by visiting the
Company's website at http://Investors.NaturalGrocers.com.
Investor Contact:
Reed Anderson, ICR, 646-277-1260,
reed.anderson@icrinc.com
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SOURCE Natural Grocers by Vitamin Cottage, Inc.