July 23, 2013
Natural Grocers by Vitamin Cottage, Inc.
(NYSE: NGVC) announced today that
was elected to be an independent member of the Board of Directors on
, 2013. As a Class III director, Mr. Cerkovnik will hold that position until the annual meeting of stockholders in 2015. Mr. Cerkovnik is an additional, not replacement, member of the Board of Directors. The total number of members of the Board of Directors now is seven.
Mr. Cerkovnik also was elected on that same date to be an additional, not replacement, member of the Compensation Committee, and to be a member of the Audit Committee. In satisfaction of New York Stock Exchange independence requirements for audit committees,
resigned from the Audit Committee effective upon Mr. Cerkovnik's appointment. Mr. Isely remains Chairman, Director and Co-President of the Company.
Mr. Cerkovnik is a founder and President of Breckenridge Holding Company, the owner and operator of the Breckenridge Brewery & Pub concept, as well as other food and beverage concepts. He has served as an officer and director of Breckenridge Holding Company since its inception in 1994. In addition, Mr. Cerkovnik has been an active principal in other restaurant and commercial real estate projects since 1994.
"Mr. Cerkovnik brings practical and in-depth business experience to the Board of Directors, and we are grateful that he has agreed to join us," said
, Chairman and Co-President.
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products must meet strict quality guidelines. Grocery products may not contain artificial colors, flavors, preservatives, sweeteners, or partially hydrogenated or hydrogenated oils. Natural Grocers' flexible small-store format allows it to offer affordable prices in a shopper-friendly retail environment. The Company provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 69 stores in 13 states.