Printer Friendly

DIRECTORS ELECTED AT Hi/LO ANNUAL MEETING

 DIRECTORS ELECTED AT Hi/LO ANNUAL MEETING
 HOUSTON, May 19 /PRNewswire/ -- At the Annual Meeting of


Stockholders of Hi-LO Automotive, Inc. (NYSE: HLO) held today, the Company's current directors were re-elected to serve a one year term on the Board of Directors. The Company's directors are: Richard Q. Armstrong, Charles P. Durkin, Jr., Daniel D. Floeck, Sr., Randal B. McDonald, Edward T. Story, Jr., James M. Turnbow and T. Michael Young.
 T. Michael Young, Chairman of the Board, briefly reported on the Company's progress since its initial public stock offering in May 1991. Major accomplishments include opening 12 stores and implementing a new everyday low pricing strategy. Hi/LO has opened four stores in 1992 and plans to open 12 additional stores by year-end.
 He also reviewed trends in the aftermarket industry and described how Hi/LO will benefit from the changes. He explained that parts proliferation is one of the most significant trends. Parts proliferation is expected to result in a continuation of the industry consolidation that began in the 1980s. Young also discussed the trend toward merging of the retail and traditional distribution channels in the automotive aftermarket. He observed that Hi/LO has always served both markets and is well positioned to benefit from this trend and noted that Hi/LO's goal is to provide quality products, extensive product selection and everyday low prices to both retail and commercial customers.
 Hi-LO Automotive, Inc. sells automotive parts, products and accessories to the retail consumer and the commercial installer. The Company, based in Houston, operates 118 stores in Texas and Louisiana, and trades on the New York Stock Exchange under the ticker symbol "HLO."
 -0- 5/19/92
 /CONTACT: Gary D. Walther, Chief Financial Officer, Hi/LO Automotive, Inc., 713-991-6052/
 (HLO) CO: Hi-LO Automotive, Inc. ST: Texas IN: AUT SU: PER


JZ -- CH006 -- 1931 05/19/92 14:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 19, 1992
Words:311
Previous Article:STRATEGIES FOR THE FUTURE HIGHLIGHT UPJOHN ANNUAL MEETING
Next Article:CHAMPS DECLARES DIVIDEND
Topics:


Related Articles
YOUNG ELECTED CHAIRMAN AT HI-LO AUTOMOTIVE, INC.
YOUNG ELECTED CHAIRMAN AT HI-LO AUTOMOTIVE, INC.
HOYT NAMED SENIOR VICE PRESIDENT-MERCHANDISING AT HI/LO
FEDERAL-MOGUL NAMES VICE PRESIDENT - GLOBAL SOURCING
DIRECTORS ELECTED AT Hi/LO ANNUAL MEETING
DIRECTORS ELECTED AT Hi/LO ANNUAL MEETING
LOWREY ELECTED TO HI-LO AUTOMOTIVE BOARD OF DIRECTORS
DIRECTORS ELECTED AT Hi/LO ANNUAL MEETING
CHIEF AUTO PARTS AGREES TO ACQUIRE Hi/LO AUTOMOTIVE
DIRECTORS ELECTED AT HI/LO ANNUAL MEETING

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters