Heidrick & Struggles International, Inc. (ticker: HSII, exchange: NASDAQ) News Release - 2-Jun-2000
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Heidrick & Struggles Holds First Annual Stockholders Meeting as a Public Company
CHICAGO--(BUSINESS WIRE)--June 2, 2000--Heidrick & Struggles International, Inc. (Nasdaq: HSII), the world's largest and premier executive search firm, today held its first annual meeting of stockholders as a public company. Company executives delivered a positive outlook of the company's growth potential and gave an upbeat report on accomplishments during the past year.
"We've built a remarkable global team and a best-in-class reputation that draws clients from around the world to our firm," said Patrick S. Pittard, President and Chief Executive Officer. "Today, our performance leads the industry in practically every category and our access and influence to key decision-makers positions us well for further growth."
Donald M. Kilinski, Heidrick & Struggles' Chief Financial Officer, recapped the company's record-setting financial results in 1999 and in the 2000 first quarter. "We are solidly positioned to continue to capitalize on two dynamic growth markets: executive search and e-cruiting," Kilinski said.
At the meeting, stockholders elected four directors to the board, each for a three-year term expiring in 2003: David B. Kixmiller, Bengt Lejsved, Robert W. Shaw and Carlene M. Ziegler.
Kixmiller has served as Heidrick & Struggles' Practice Managing Partner, Technology since 1998. Lejsved has served as the company's Area Managing Partner, Northern and Eastern Europe since February 1999. Shaw most recently served as the Chief Executive Officer and member of the Board of Directors of USWeb/CKS. Ziegler has served as the Managing Director of Artisan Partners, LP since January 1995.
In other business, stockholders voted to increase the number of shares authorized for issuance under the GlobalShare Plan, the company's equity program. In addition, they approved a performance-based compensation plan for the CEO and ratified the appointment of Arthur Andersen LLP as the company's independent public accountants.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International is the world's largest and premier executive search firm, specializing in chief executive, board of directors and senior level management assignments. Today, nearly 900 Heidrick & Struggles professionals serve a broad range of organizations including Fortune 500 companies, financial institutions, major health care organizations, universities and not-for-profit organizations, leading mid-cap companies, and emerging growth companies from offices in more than 70 locations throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. For more information about Heidrick & Struggles, visit our web site at www.heidrick.com.
Safe Harbor Statement
Certain matters discussed in this news release are forward-looking statements that are necessarily dependent upon assumptions, estimates and data that may be incorrect or imprecise, and include known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Some of the risks, uncertainties, assumptions and factors that could affect the company's financial results are included in the company's recent SEC filings. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. All forward-looking statements in this news release are expressly qualified by these cautionary statements, and the company expressly disclaims any duty to update such forward-looking statements.
CONTACT: Heidrick & Struggles International, Inc.
Media
Jennifer Silver, 404/572-0019
jsilver@heidrick.com
or
Analysts
Lynn McHugh, 312/496-1593
lmchugh@heidrick.com