Pep Boys Holds Annual Meeting
June 19 2008 - 9:59AM
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 registered public accounting firm and approved the
amendment of the Company�s Articles of Incorporation to provide for
majority voting in uncontested elections of Directors. In addition,
Interim CEO Mike Odell and CFO Ray Arthur 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 over 560 stores and approximately
6,000 service bays in 35 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 www.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 implementation of its long-term strategic
plan, 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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