Shoe Carnival Adds New Board Member

Shoe Carnival Adds New Board Member

Shoe Carnival Inc. announced that its Board of Directors has elected Charles Tomm, a Principal at Heritage Capital Group, as a director effective September 12, 2017. With this addition, Shoe Carnival’s Board has eight directors.

Cliff Sifford, President and Chief Executive Officer, commented, “We are pleased to welcome Charlie to our Board of Directors. We look forward to leveraging the diverse experiences and perspectives that he will bring to the Board of Shoe Carnival.”

Tomm, currently a principal at Heritage Capital Group, was president and CEO of Brumos Automotive from January 2009 through March 2016. Prior to that, he was President and CEO of the Coggin-Courtesy subsidiary of Asbury Automotive Group. During his tenure with Coggin from 1994 to 2008, he served in several executive positions and managed the mergers of Coggin Automotive with Asbury Automotive Group in 1998 and with Courtesy Automotive Group in 2003. His prior business experience was in investment banking, oil field services, trucking, and the private practice of law with Winthrop, Stimson, Putnam & Roberts (now Pillsbury Winthrop Shaw Pittman).

In addition, the company’s Board of Directors approved the payment of a quarterly cash dividend of $0.075 per share to be paid on October 16, 2017, to shareholders of record as of the close of business on October 2, 2017.

Future declarations of dividends are subject to approval of the Board of Directors and will depend on the company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.