UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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o | Soliciting Material Pursuant to Rule 14a-12 |
Tandy Brands Accessories, Inc.
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(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)
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Tandy Brands Accessories, Inc. issued the following press release announcing Institutional Shareholder Services’ recommendation to vote for the Tandy Brands Accessories, Inc. nominees.
Tandy Brands Accessories, Inc. | Investor Relations: | |
J.S.B. Jenkins | Integrated Corporate Relations | |
President/Chief Executive Officer | Bill Zima (203) 682-8200 | |
(817) 548-0090 | Media Relations: | |
britt_jenkins@tandybrands.com | Monarch Communications, Inc. | |
Jeff Siegel (516) 569-4271 |
ISS RECOMMENDS VOTE FOR TANDY BRANDS NOMINEES
ARLINGTON, TX, October 19, 2007 — Tandy Brands Accessories, Inc. (Nasdaq GM:TBAC)today announced that Institutional Shareholder Services (“ISS”), a leading independent voting advisory service, has recommended that Tandy Brands stockholders voteFORTandy Brands’ incumbent directors at the Company’s Annual Meeting of Stockholders on October 29, 2007. To follow ISS’ recommendation, Tandy Brands stockholders should voteFORTandy Brands’ incumbent directors on the Company’sWHITEproxy card TODAY. Last week, the Company announced PROXY Governance, another widely respected independent proxy advisory firm, has also recommended to stockholders to support the Tandy Brands slate of directors.
ISS is widely recognized as the world’s leading provider of proxy voting and corporate governance solutions to the institutional marketplace. Its analyses and recommendations are relied upon by over 1,700 institutional investment firms, mutual funds and fiduciaries.
ISS met with both management and the dissident before recommending that Tandy Brands’ stockholders vote for Tandy Brands’ nominees. Any stockholder seeking the advice of a knowledgeable and independent third party should strongly consider the ISS recommendation that stockholders DO NOT VOTE the blue dissident proxy.
Tandy Brands continues to urge all stockholders to vote for Tandy Brands’ directors, Colombe Nicholas and W. Grady Rosier, on theWHITEproxy card. The vote of Tandy Brands’ stockholders is extremely important — no matter how many shares Tandy Brands stockholders own. Stockholders are encouraged to vote by Internet and phone by following the instructions on theirWHITEproxy card.
If a stockholder has previously voted a blue proxy form, the stockholder can change their vote now by signing, dating and returning theWHITEproxy as soon as possible. Stockholders are urged to discard any blue proxies and voting forms sent by the dissident.
If Tandy Brands stockholders have any questions about how to vote their shares or if they need assistance in voting their shares, please contact Tandy Brands’ proxy solicitor, Georgeson, Inc. toll free at 888-605-7570. Tandy Brands’ Annual Meeting is scheduled to be held on Monday, October 29, 2007 at 10:00 a.m., Central time, at the Hilton Arlington, 2401 East Lamar Blvd., Arlington, Texas 76006. Stockholders of record as of September 19, 2007 will be entitled to notice of and to vote at the Annual Meeting.
About Tandy Brands Accessories, Inc.
Tandy Brands Accessories, Inc. designs, manufactures and markets fashion accessories for men, women and children. Key product categories include belts, wallets, handbags, suspenders, neckwear, gifts and sporting goods.
Merchandise is sold under various national brand names as well as private labels to all major levels of retail distribution, including the ROLFS e-commerce web site atwww.rolfs.net.
Safe Harbor Language
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted or expected results. Those risks include, among other things, the competitive environment in the industry in general and in the Company’s specific market areas, inflation, changes in costs of goods and services and economic conditions in general and in the Company’s specific market area. Those and other risks are more fully described in the Company’s filings with the Securities and Exchange Commission.
Important Additional Information
The Company filed a definitive proxy statement in connection with its 2007 annual meeting of shareholders with the Securities and Exchange Commission on September 21, 2007.Stockholders are strongly advised to read the proxy statement carefully, as it contains important information.The Company and certain other persons may be deemed participants in the solicitation of proxies from stockholders in connection with the Company’s 2007 Annual Meeting of Stockholders. Information concerning such participants is available in the Company’s Proxy Statement, filed with the Securities and Exchange Commission on September 21, 2007. Stockholders may obtain, free of charge, copies of the Company’s Proxy Statement and any other documents filed by the Company with the SEC in connection with the 2007 Annual Meeting of Stockholders at the SEC’s website atwww.sec.gov or by contacting the Company’s proxy solicitor Georgeson Inc. at (888) 605-7570 toll free.