Action Performance Announces Appointment of David Martin as CFO.Business Editors PHOENIX--(BUSINESS WIRE)--Aug. 3, 2000 Action Performance Companies Inc. (Nasdaq:ACTN ACTN Action ACTN Acetone ) today announced that R. David Martin David Martin may refer to: Politicians
A resident of Phoenix for the past 30 years, Martin previously served as audit partner for a number of public companies in the Phoenix area. Martin, who graduated from Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. with a bachelor's degree in accounting, retired from Deloitte & Touche in June. "I am excited about joining the Action Performance team and expect to make a notable contribution to the company's future success," said Martin. "Action is an innovative company with significant future potential and I look forward to this challenging opportunity." "With the recent developments in our executive structure, Action is pleased to bring on a professional like David whose experience and financial prowess are sure to be an asset to our company," said Fred W. Wagenhals, Action Performance president, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "I am confident in his abilities to play an important role in continuing the success Action has experienced in the past." Action Performance Companies is the leader in the design, promotion and distribution of licensed motorsports merchandise. Its products include a broad range of motorsports-related die-cast car replica collectibles, apparel, souvenirs and other memorabilia. The company markets and distributes products through a wide variety of channels, including Racing Collectables Club of America (RCCA RCCA Root Cause and Corrective Action (to prevent the recurrence of a defect by eliminating its cause) RCCA Rural Community College Alliance RCCA Roller Coaster Corporation of America RCCA Rod Cluster Control Assembly ), trackside track·side n. The area near a track, especially a racetrack. at racing events, mass retail department stores and a worldwide network of wholesale distributors and specialty dealers. This news release contains forward-looking statements. The company's actual results could differ materially from those set forth in the forward-looking statements. Factors that might cause such a difference include, among others, competitive pressures, acceptance of the company's products and services in the marketplace, the company's ability to implement successfully its Internet strategy, the company's ability to integrate successfully acquired businesses and other risks discussed in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 1999, dated Sept. 30, 1999, which is on file with the U.S. Securities and Exchange Commission. |
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