Reynolds and Reynolds Shareholders Elect Four Board Members
10 February 2000
Reynolds and Reynolds Shareholders Elect Four Board Members
DAYTON, Ohio, Feb. 10 -- At their annual meeting held in
Dayton today, shareholders of The Reynolds and Reynolds Company
elected Lloyd G. Waterhouse (48), the company's president and chief operating
officer to a three-year term expiring in 2003. Additionally, the following
board members were re-elected to three-year terms: James L. Arthur (64),
chairman, CoCreate, a Hewlett-Packard company; Cleve L. Killingsworth (47),
president and chief executive officer, Health Alliance Plan, and executive
vice president for Insurance, Henry Ford Health System; and Dale Medford (49),
Reynolds' corporate vice president Finance and chief financial officer.
Gayle B. Price Jr. (69), former chairman, president and chief executive
officer, Price Brothers Company, a board member since 1976, whose term expired
today, elected to retire. "I want to thank Gayle on behalf of the board for
providing us with wise counsel and sound guidance for nearly a quarter
century," David R. Holmes, Reynolds' chairman and chief executive officer,
said.
Holmes also announced that Richard H. Grant Jr. (87), a board member since
1939, whose term would have expired in 2001, has also elected to retire.
"Since his family purchased Reynolds and Reynolds over 60 years ago, Dick
Grant has given tirelessly to the company. He has a great love of this
company and its people. He retires as director and becomes Director Emeritus.
On behalf of the board of directors and our family of over 9,000 employees, we
wish him the very best," Holmes said.
Reynolds and Reynolds, headquartered in Dayton, Ohio, is a leading
provider of integrated information management systems and related value-added
services to automotive and general business markets. The company reported
revenues of $1.63 billion for the 12 months ended December 31, 1999. For more
information on Reynolds and Reynolds, visit the company's Web site at
http://www.reyrey.com, or call the Information Hotline at 1-888-4REYREY.
Certain statements in this news release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements are based on current expectations,
estimates, forecasts and projections of future company or industry performance
based on management's judgment, beliefs, current trends and market conditions.
Forward-looking statements made or to be made by or on behalf of the company
may be identified by the use of words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," and similar expressions.
Forward-looking statements are not guarantees of future performance and
involve certain risks, uncertainties and assumptions which are difficult to
predict. Actual outcomes and results may differ materially from what is
expressed, forecasted or implied in the forward-looking statements. See also
the discussion of factors that may affect future results contained in the
company's Current Report on Form 8-K filed with the SEC on February 9, 2000,
which we incorporate herein by reference. The company undertakes no
obligation to update any forward-looking statements, whether as a result of
new information, future events or otherwise.