Thor Announces Adoption Of Board Of Directors Diversity Policy
ELKHART, Ind., Oct. 12, 2017 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) ("Thor") today announced that its Board of Directors, at its October 11, 2017 meeting, formally approved a policy promoting diversity within the Board.
The policy requires all initial lists of candidates from which new director nominees are chosen by the Board's Nominating and Governance Committee to include qualified candidates with diversity of race, ethnicity, and gender.
Peter B. Orthwein, Chairman of the Board of Directors, stated, "Thor's Board of Directors recognizes the importance of diversity within its ranks. Although the Board has followed this policy in prior director searches, the Board has formally adopted this policy to serve as an expression and reaffirmation of its dedication to drive that diversity."
The policy became effective immediately upon adoption.
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent one of the world's largest manufacturers of recreational vehicles. For more information on the Company and its products, please go to www.thorindustries.com.
This release includes certain statements that are "forward looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon Thor, and inherently involve uncertainties and risks. These forward looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ from our expectations. Factors which could cause materially different results include, among others, raw material and commodity price fluctuations, raw material or chassis supply restrictions, the level of warranty claims incurred, legislative, regulatory and tax policy developments, the costs of compliance with increased governmental regulation, legal and compliance issues including those that may arise in conjunction with recent transactions, the potential impact of increased tax burdens on our dealers and retail consumers, lower consumer confidence and the level of discretionary consumer spending, interest rate fluctuations, the potential impact of rising interest rates on the general economy and specifically on our dealers and consumers, restrictive lending practices, management changes, the success of new product introductions, the pace of obtaining and producing at new production facilities, the pace of acquisitions, the potential loss of existing customers of acquisitions, the integration of new acquisitions, our ability to retain key management personnel of acquired companies, a shortage of necessary personnel for production, the loss or reduction of sales to key dealers, the availability of delivery personnel, asset impairment charges, cost structure changes, competition, the impact of potential losses under repurchase agreements, the potential impact of the strength of the U.S. dollar on international demand, general economic, market and political conditions and other risks and uncertainties, including those discussed more fully in ITEM 1A of our Annual Report on Form 10-K for the year ended July 31, 2017.
We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this release or to reflect any change in our expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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SOURCE Thor Industries, Inc.
