Action Performance Companies Elects R. David Martin, CFO, to Board of Directors.Business Editors & Sports Writers The following is a list of sports writers. Historical sportswriters
PHOENIX--(BUSINESS WIRE)--Dec. 1, 2000 Action Performance Companies Inc. (Nasdaq:ACTN ACTN Action ACTN Acetone ), the leader in the design, marketing, promotion and distribution of licensed motorsports merchandise, today announced the election of CFO See Chief Financial Officer. R. David Martin to its board of directors. Martin joined the company in early August, 2000, as CFO. He had retired in May as a partner at Deloitte & Touche, an accounting, tax, and consulting firm. Commented Fred Wagenhals, chairman, president 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. of Action Performance, "In a very short time, Dave has proven to be a top professional, making valuable contributions to the company. As a board member, his extensive financial background and expertise will play a key role in providing the type of financial oversight the company needs as it begins to rebuild revenues and profitability." The company also reported that Herbert M. Baum has resigned from its board of directors due to the time required as CEO of Dial Corp. About Action Performance Action Performance Companies Inc. is the leader in the design, marketing, 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 variety of channels, including the 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 ), goracing.com, 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 press release contains forward-looking statements regarding the company's fiscal 2000 fourth-quarter results, current outlook, and future activities and expectations. The company's actual activities results could differ materially from those set forth in the forward-looking statements. Factors that might cause such differences include, among others, competitive pressures, acceptance of the company's products and services in the marketplace, the company's ability to successfully integrate acquired businesses, the company's ability to successfully implement its growth strategy, 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. dated Sept. 30, 1999, on file with the U.S. Securities and Exchange Commission. |
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