Arden Group, Inc. Announcement of New Director.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Arden Group, Inc. (Nasdaq:ARDNA) announced that the Board of Directors of the Company elected M. Mark Albert as a director, effective February 28, 2007, to fill a vacancy on the Board of Directors having a term of office expiring at the Annual Meeting of Stockholders in 2008. Mr. Albert was also elected a member of the Audit Committee of the Board of Directors. Coinciding with Mr. Albert's election to the Audit Committee, Mr. John G. Danhakl resigned his position on the Audit Committee. Mr. Danhakl remains on the Board of Directors and as Chairman of the Company's Compensation Committee. Mr. Albert is Albert I, king of the Belgians Albert I, 1875–1934, king of the Belgians (1909–34), nephew and successor of Leopold II. He married (1900) Elizabeth, a Bavarian princess. a Managing Director of TCW/Crescent Mezzanine, an independent mezzanine firm. Mr. Albert is independent as defined in the NASDAQ listing standards and meets the criteria for independence set forth in the rules promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. under the Securities Exchange Act of 1934. Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 full-service supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, carrying both perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. and grocery products. |
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