Pep Boys Holds Annual Meeting
June 14 2007 - 9:15AM
Business Wire
The Pep Boys � Manny, Moe & Jack (NYSE:PBY), the nation�s
leading automotive aftermarket retail and service chain, today held
its Annual Meeting of Shareholders in Philadelphia. At the Annual
Meeting, shareholders elected the full Board of Directors for a
one-year term, approved the appointment of the Company�s
independent auditors and approved a shareholder proposal requesting
that the Board redeem the Company�s current or any future
Shareholder Rights Plan, unless such plan is subject to a
shareholder vote. In addition, President & CEO Jeff Rachor
discussed the Company�s business performance and opportunities. The
presentation slides from the Annual Meeting are available on the
Company�s Web site at www.pepboys.com. Pep Boys has 593 stores and
more than 6,000 service bays in 36 states and Puerto Rico. Along
with its vehicle repair and maintenance capabilities, the Company
also serves the commercial auto parts delivery market and is one of
the leading sellers of replacement tires in the United States.
Customers can find the nearest location by calling 1-800-PEP-BOYS
or by visiting pepboys.com. Certain statements contained herein
constitute "forward-looking statements" within the meaning of The
Private Securities Litigation Reform Act of 1995. The word
"guidance," "expect," "anticipate," "estimates," "forecasts" and
similar expressions are intended to identify such forward-looking
statements. Forward-looking statements include management's
expectations regarding future financial performance, automotive
aftermarket trends, levels of competition, business development
activities, future capital expenditures, financing sources and
availability and the effects of regulation and litigation. Although
the Company believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be achieved. The
Company's actual results may differ materially from the results
discussed in the forward-looking statements due to factors beyond
the control of the Company, including the strength of the national
and regional economies, retail and commercial consumers' ability to
spend, the health of the various sectors of the automotive
aftermarket, the weather in geographical regions with a high
concentration of the Company's stores, competitive pricing, the
location and number of competitors' stores, product and labor costs
and the additional factors described in the Company's filings with
the SEC. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events.
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