Oxford Industries, Inc. Press Release
222 Piedmont Avenue, N.E. • Atlanta, Georgia
30308
CONTACT:
J. Reese Lanier, Jr.
Telephone: (404) 653-1446
Fax: (404) 653-1545
E-Mail: rlanier@oxfordinc.com
FOR IMMEDIATE RELEASE — April 9, 2002
SCOTT GRASSMYER NAMED OXFORD CONTROLLER
ATLANTA, GA — Oxford Industries, Inc. (NYSE: OXM) announced today that K.
Scott Grassmyer has joined the company as Corporate Controller. In this
capacity, he will be primarily responsible for accounting, tax and financial
reporting. Mr. Grassmyer will be based in the company’s headquarters in
Atlanta.
"We are delighted to have Scott on board," commented Ben Blount, Jr.,
Executive Vice President and Chief Financial Officer. "He is uniquely
qualified for the position and brings a wealth of public accounting and apparel
industry experience to the company."
Most recently, Mr. Grassmyer served as Senior Vice President and Chief Financial
Officer of Duck Head Apparel Company. While at Duck Head, he played an
instrumental role in the spin off of Duck Head into a publicly traded company
and the subsequent sale of the company to Tropical Sportswear International.
Mr. Grassmyer began his career with Ernst & Young where he rose to the
position of Audit Manager. He is a Certified Public Accountant and earned a B.S.
in Accounting from Appalachian State University.
Oxford Industries, Inc. is a diversified international manufacturer and
wholesale marketer of branded and private label apparel for men, women and
children. With manufacturing and sourcing operations in over 40 countries around
the globe, Oxford provides retailers and consumers with a wide variety of
apparel products and services to suit their individual needs. Major licensed
brands include Tommy Hilfiger®, Nautica®, Geoffrey Beene®, Slates®, Oscar de
la Renta® and Izod Club®. Oxford's private label customers are found in every
major channel of distribution, including national chains, specialty catalogs,
mass merchandisers, department stores, specialty stores and Internet retailers.
The company's stock has traded on the NYSE since 1964 under the symbol OXM.
Please visit our Web site at www.oxfordinc.com.
SAFE HARBOR STATEMENT UNDER
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
This document contains forward-looking statements of the Company's beliefs or
expectations regarding anticipated future results of the Company. These
statements are based on numerous assumptions and are subject to risks and
uncertainties. Although the Company feels that the beliefs and expectations in
the forward-looking statements are reasonable, it does not and cannot give any
assurance that the beliefs and expectations will prove to be correct. Many
factors could significantly affect the Company's operations and cause the
Company's actual results to be substantially different from the Company's
expectations. Those factors include, but are not limited to: (i) general
economic and apparel business conditions; (ii) continued retailer and consumer
acceptance of the Company's products; (iii) global manufacturing costs; (iv) the
financial condition of customers or suppliers; (v) changes in capital market
conditions; (vi) governmental and business conditions in countries where the
Company's products are manufactured; (vii) changes in trade regulations; (viii)
the impact of acquisition activity; (ix) changes in the Company's plans,
strategies, objectives, expectations or intentions, which may happen at any time
in the discretion of the Company; and (x) other risks and uncertainties
indicated from time to time in the Company's filings with the Securities and
Exchange Commission. The Company does not have an obligation to publicly update
any forward-looking statements, whether as a result of the receipt of new
information, the occurrence of future events or otherwise.