Unifi, Inc. Announces Retirement of Archibald Cox, Jr. as Lead Independent Director of the Board, Chair of the Compensation Committee of the Board, Member of the Corporate Governance and Nominating Committee of the Board, and Member of the Strategy and Finance Committee of the Board
February 21, 2024 at 04:16 pm EST
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On February 19, 2024, Archibald Cox, Jr. notified Unifi, Inc. (the Company) of his retirement, effective immediately, from the Company?s Board of Directors and from his positions as Lead Independent Director of the Board, Chair of the Compensation Committee of the Board, member of the Corporate Governance and Nominating Committee of the Board, and member of the Strategy and Finance Committee of the Board. Mr. Cox has been a valuable member of the Board since 2008. Mr. Cox?s decision to retire was not the result of any disagreement with the Company on any matter relating to the Company?s operations, policies, or practices.
In connection with the retirement of Mr. Cox, the Board reduced its size to eight members, effective February 19, 2024.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
Unifi, Inc. Announces Retirement of Archibald Cox, Jr. as Lead Independent Director of the Board, Chair of the Compensation Committee of the Board, Member of the Corporate Governance and Nominating Committee of the Board, and Member of the Strategy and Finance Committee of the Board