DURANGO, CO / ACCESSWIRE / August 9, 2021 / Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) (the “Corporation”), a world-wide confectionary manufacturer, worldwide franchisor and retail operator delighting customers through a quality offering of gourmand chocolate, confection and self-serve frozen yogurt, these days announced the retirement of Franklin “Frank” Crail from the Company’s Board of Directors.
As RMCF’s Co-Founder, Mr. Crail has played a defining position in creating the Company into the world-wide confectionary chief that it is currently. From 1982 by way of 2019, he served as RMCF’s President and Chief Government Officer and from 1986 through 2019 as Chairman of the Board. Mr. Crail will not be standing for re-election as a board director and will retire as a RMCF board director on the Corporation appointment of a substitute independent board director.
“Frank’s vision and leadership have been instrumental in the advancement of the RMCF brand throughout the environment and to the delight of hundreds of thousands of shoppers,” reported Rahul Mewawalla, Chairperson of the RMCF Board of Directors. “Frank has demonstrated a extraordinary motivation to RMCF’s workforce, franchisees and consumers and we are thankful for the legacy he has created. On behalf of RMCF, I want to convey our deep gratitude to Frank. It has been a private privilege and honor for me to know Frank and I know our full RMCF group joins me in wishing Frank the extremely best and our thanks for a lot of a long time of inspirational management,” additional Mr. Mewawalla.
“Being a aspect of the generation of Rocky Mountain Chocolate Factory and watching it grow from our first retail store on Main Street in Durango to the worldwide brand it is today has been the journey of a lifetime,” mentioned Mr. Crail. “It has been an honor and a privilege to provide this corporation for 40 several years alongside this sort of a large group of proficient men and women who make up our workers, our wonderful team of franchisees who have embodied our eyesight, and each shareholder who thinks like us that good chocolate can make the world a sweeter location. My working experience at Rocky Mountain Chocolate Manufacturing facility will without end fill me with joy and, as a significant shareholder, I have total faith and self confidence in the Board and leadership to lead the corporation by its next chapter of growth and achievement.”
About Rocky Mountain Chocolate Manufacturing facility, Inc.
Rocky Mountain Chocolate Factory, Inc., headquartered in Durango, Colorado, is an global franchiser of gourmand chocolate, confection and self-serve frozen yogurt merchants and a producer of an intensive line of top quality chocolates and other confectionery merchandise. The Corporation, its subsidiaries and its franchisees and licensees operate more than 300 Rocky Mountain Chocolate Manufacturing unit and self-provide frozen yogurt shops across the United States, South Korea, Qatar, the Republic of Panama, and The Republic of the Philippines. The Firm’s frequent inventory is mentioned on the Nasdaq World Marketplace under the image “RMCF.”
This press release features statements of the Firm’s expectations, intentions, plans and beliefs that represent “forward-looking statements” in just the indicating of Area 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended, and are supposed to arrive within the safe and sound harbor protection presented by these sections. These ahead-wanting statements involve a variety of hazards and uncertainties. The nature of the Company’s operations and the environment in which it operates subjects it to altering economic, aggressive, regulatory and technological situations, challenges and uncertainties. The statements, other than statements of historical truth, involved in this push release are forward-seeking statements. Lots of of the ahead-looking statements contained in this press launch may possibly be discovered by the use of ahead-hunting terms such as “will,” “intend,” “consider,” “anticipate,” “anticipate,” “should really,” “program,” “estimate,” “probable,” or similar expressions. Aspects which could lead to effects to differ consist of, but are not minimal to: the effect of the COVID-19 pandemic and worldwide financial conditions on the Firm’s business, including, between other things, online income, manufacturing unit income, retail revenue and royalty and advertising and marketing expenses, the Firm’s liquidity, the Firm’s expense chopping and cash preservation actions, achievement of the expected potential benefits of the strategic alliance with Edible Arrangements®, LLC and its affiliates (“Edible”), the ability to supply goods to Edible below the strategic alliance, Edible’s potential to maximize the Firm’s on line profits, variations in the confectionery organization setting, seasonality, customer curiosity in the Company’s items, typical economic disorders, the results of the Firm’s frozen yogurt organization, receptiveness of the Firm’s solutions internationally, customer and retail developments, prices and availability of uncooked resources, competitors, the achievement of the Firm’s co-branding method, the achievement of worldwide expansion attempts and the result of federal government regulations. Government restrictions which the Enterprise and its franchisees and licensees both are, or could be, topic to and which could trigger benefits to differ from forward-wanting statements include, but are not minimal to: community, point out and federal regulations relating to wellness, sanitation, safety, building and fireplace codes, franchising, licensing, work, production, packaging and distribution of food items merchandise and motor carriers. For a in depth discussion of the threats and uncertainties that might induce the Company’s genuine final results to differ from the ahead-wanting statements contained herein, you should see the “Possibility Things” contained in Merchandise 1A. of the Company’s Annual Report on Sort 10-K for the fiscal year ended February 28, 2021, as amended. Supplemental aspects that might result in these types of variations incorporate, but are not limited to: the length and severity of the existing COVID-19 pandemic and its result on among other things, manufacturing facility gross sales, retail profits, royalty and advertising and marketing service fees and operations, the effect of any governmental motion or mandated employer-paid gains in reaction to the COVID-19 pandemic, and the Firm’s ability to deal with prices and reduce expenses and the availability of further financing if and when necessary. These ahead-hunting statements implement only as of the date hereof. As these types of they should not be unduly relied upon for additional present-day conditions. Besides as expected by law, the Company undertakes no obligation to launch publicly any revisions to these forward-seeking statements that may possibly replicate functions or situations happening soon after the day of this push release or individuals that may reflect the event of unanticipated functions.
Important More Facts and Where to Find It
The Firm intends to file a proxy assertion on Program 14A, an accompanying proxy card and other applicable documents with the Securities and Trade Fee (the “SEC”) in connection with such solicitation of proxies from RMCF stockholders for the Company’s 2021 Once-a-year Assembly of Stockholders. STOCKHOLDERS ARE STRONGLY Encouraged TO Read THE Company’s DEFINITIVE PROXY Statement (Together with ANY AMENDMENTS OR Health supplements THERETO) AND ALL OTHER Paperwork Filed WITH THE SEC Cautiously AND IN THEIR ENTIRETY WHEN THEY Grow to be Offered For the reason that THEY WILL Have Important Information and facts. Traders and stockholders may perhaps obtain a duplicate of the definitive proxy statement, an accompanying proxy card, any amendments or health supplements to the definitive proxy statement and other documents filed by the Enterprise with the SEC at no charge at the SEC’s internet site at www.sec.gov. Copies will also be out there at no demand in the “SEC Filings” portion of the of the Firm’s Trader Relations web-site at www.rmcf.com/Trader-Relations.aspx or by calling the Firm’s Trader Relations department at (970) 375-5678, as before long as reasonably practicable after such elements are electronically submitted with, or furnished to, the SEC.
Selected Information About Contributors to the Solicitation
The Enterprise, its administrators and particular of its govt officers are individuals in the solicitation of proxies from stockholders in link with matters to be viewed as at the Company’s 2021 Yearly Meeting of Stockholders. Info with regards to the direct and oblique passions, by stability holdings or or else, of the Firm’s directors and govt officers, in the Enterprise is provided in its Proxy Assertion on Program 14A for its 2020 Annual Assembly of Stockholders, filed with the SEC on August 13, 2020, the Firm’s Once-a-year Report on Form 10-K for the fiscal year finished February 28, 2021, submitted with the SEC on June 1, 2021, as amended by Modification No. 1 on Form 10-K/A filed with the SEC on June 28, 2021, and in the Company’s Present Experiences on Kind 8-K filed with the SEC from time to time. Variations to the immediate or indirect passions of the Firm’s administrators and government officers are set forth in SEC filings on Preliminary Statements of Valuable Possession on Sort 3, Statements of Modify in Ownership on Sort 4 and Yearly Statements of Modifications in Useful Possession on Kind 5. These documents are accessible absolutely free of demand as explained previously mentioned. Up-to-date data about the identities of possible members and their immediate or oblique passions, by stability holdings or usually, in Corporation will be established forth in the Proxy Assertion for the Company’s 2021 Yearly Assembly of Stockholders and other appropriate files to be submitted with the SEC, if and when they develop into offered.
Kendell Moore / Jake Yanulis
William P. Fiske
Source: Rocky Mountain Chocolate Manufacturing facility, Inc.
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