CCC Information Services Group Inc. Holds Annual Shareholders Meeting.Business Editors CHICAGO--(BUSINESS WIRE)--June 3, 2004 CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Information Services See Information Systems. Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCCG CCCG Canadian Conference on Computational Geometry CCCG Climate Change Co-ordinating Group ), a leading provider of software and information services to the automotive claims and collision repair industries, today announced that stockholders at the company's annual meeting held in Chicago, Illinois yesterday (i) approved the election of seven directors to hold office until the next annual meeting of stockholders in 2005, (ii) approved the restatement of the company's 2000 Stock Incentive Plan; and (iii) ratified the reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment. of PricewaterhouseCoopers LLP LLP - Lower Layer Protocol as the company's independent auditor for fiscal year 2004. The seven members elected to the company's Board of Directors were: Morgan W. Davis, Michael R. Eisenson Michael R. Eisenson is Co-Founder, Managing Director and Chief Executive Officer of Charlesbank Capital Partners, LLC, a private investment firm and the investment manager of certain assets of Harvard Management Company, which he joined in 1986. , J. Roderick Heller, III, Thomas L. Kempner, Githesh Ramamurthy, Mark A Rosen and Herbert S. Winokur, Jr. In addition, CCC announced that Githesh Ramamurthy, Chairman and Chief Executive Officer, has also been elected President of the company by the Board of Directors. Ed Stevens, formerly President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CCC, accepted a special assignment through November 2004 and will focus his efforts on projects designed to enhance the company's growth opportunities. "CCC has a strong vision, validated by customers at our recent industry conference, and exciting plans for how we want to build and grow the company," Ramamurthy said. "I look forward to continuing to work with our customers, employees, and Board of Directors to pursue and attain this vision." About CCC CCC Information Services Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CCC Information Services Group, headquartered in Chicago, is a leading supplier of advanced software, communications systems, Internet and wireless-enabled technology solutions to the automotive claims and collision repair industries. Its technology-based products and services optimize efficiency throughout the entire claims management supply chain and facilitate communication among over 21,000 collision-repair facilities, 350 insurance companies and a range of industry participants. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor provisions of those sections and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in the Company's filings with the SEC, and that actual results or developments may differ materially from those in the forward-looking statements and are inherently uncertain. Specific factors that might cause actual results to differ from expectations include, but are not limited to, competition in the automotive claims and collision repair industries, the ability to develop new products and services, the ability to protect trade secrets and proprietary information, the ability to generate the cash flow necessary to meet the Company's obligations, the outcome of certain legal proceedings and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. The Company has based these forward-looking statements on information currently available and disclaims any intention or obligation to update or revise any forward-looking statement. For more information about CCC Information Services Inc., visit our Web site at www.cccis.com; or contact Patrick Donoghue of CCC at 312-229-2984, or Michelle Hellyar of CCC at 312-229-2830. |
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