13.7 million shares voted to withhold new director Montalto
Mr. Montalto, 66, brings more than 40 years of retail experience to the Tuesday Morning Board. This includes 26 years at Sterling, an operating subsidiary of Signet Jewelers /quotes/zigman/520425/delayed/quotes/nls/sig SIG +0.04% , and the largest specialty jewelry retailer in the United States. During his tenure at Sterling, which included increasingly senior positions culminating in his COO role, the Company grew from a small, privately-held retailer to more than 1,300 stores and sales of more than $3.0B. Mr. Montalto's specific contributions included systems integration, business process development/operations improvement, and numerous brand equity building initiatives.
"Bill Montalto is a first class executive who has held senior leadership positions at one of the top performing retailers in America," said Steven R. Becker, Chairman of the Board. "Bill's operational expertise and extensive knowledge in all aspects of retailing including information technology, real estate and marketing will make him a terrific addition to the Tuesday Morning Board of Directors."
Prior to Sterling, Mr. Montalto served as a retail management consultant for Coopers & Lybrand (now PricewaterhouseCoopers), where he lead significant systems planning and development consulting engagements for a variety of major retailers. Earlier in his career, Mr. Montalto held systems positions with Saks Fifth Avenue, JCPenney and W.T. Grant.
Among his many contributions to the retail sector, Mr. Montalto previously served on the Board of the Jewelers Vigilance Committee (Member, 2003-2009; Chair, 2007-2009). His community involvement includes serving on the Board of the Court Appointed Special Advocate/Guardian Ad Litem (CASA/GAL) program in Summit County (OH) - service for which he received the 2009 William P. Kannel Child Advocate of the Year Award.
Becker alone sold 255,000 at 12.81, most def, would not take that as a positive sign, can't imagine him thinking that Christmas will be a blow out. It will go to $5 before any one ever sees $15 and the CEO is telling you, no he is shouting to you, get out, as I am. The 35 cents estimate should be a one liner in some comedians routine.