Dominion Homes Inc. formalized as new name for Borror Corp.DUBLIN, Ohio--(BUSINESS WIRE)--May 8, 1997--The new name of Borror Corp. (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 :BORR) is now Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Homes Inc. (NASDAQ:DHOM) as ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. by shareholders at the company's annual meeting held May 7. 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. Doug Borror said the company proposed the name change "because our customers identify more strongly with the Dominion Homes name and because it carries the strongest franchise value." In addition to the name change, shareholders elected Douglas G. Borror, C. Ronald Tilley and Jon M. Donnell as Class I Directors of the company; increased the number of common shares available for award under the company's Incentive Stock Plan by 350,000 shares; and determined that Coopers & Lybrand would continue as the company's auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together for the current fiscal year, which ends Dec. 31, 1997. Dominion Homes offers three distinct series of homes -- Century, Celebrity and Tradition -- that are differentiated by size, price, standard features and available options. The company's building experience philosophy focuses on "The Best of Everything" for its customers. Dominion Homes, one of the leading home builders in the Columbus market, currently has over 40 locations in the Central Ohio area. CONTACT: Dominion Homes Lori Steiner, 614/761-6113 Cindy Petrie, 614/654-1216 |
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