Owner of Ace Hardware stores in Alabama, Mississippi named to company's board
A University of Alabama graduate who owns Ace Hardware stores in Tuscaloosa and Northport has been elected to the company's board of directors.
David Majure, president and founder of Southeast Ace, a chain of six Ace stores in Mississippi and Alabama, was elected to the Ace Hardware board on May 13 during the annual stockholders' meeting.
Steven Burggraf, chairman of the board, said he was 'honored' to welcome Majure to the Oak Brook, Illinois-based hardware company's board of directors.
'I am confident that David's insights and leadership will be a tremendous asset to our organization,' Burggraf said in a news release. 'David's appointment marks an exciting new chapter, and we look forward to the valuable contributions he will bring to the board.'
Majure earned a bachelor of science degree in business management while at UA. He opened his first Ace store in 2019 in Meridian, Mississippi.
He now serves as the co-chair of the Alabama Ace Retailer Group.
Before founding Southeast Ace, Majure served as president of the Majure Retail Group, which owned and operated a group of Fred's franchise stores and pharmacies throughout the Southeast for over 50 years.
'I am humbled and honored to be elected to represent the most helpful, generous, and hardworking retailers on the planet,' Majure said in the news release. 'I pledge to serve the best interests of my fellow retailers as Ace continues to navigate and innovate to remain the most helpful and trusted resource for its customers.'
Other boards Majure has served on include the East Mississippi Boys and Girls Club, the Diabetes Foundation of Mississippi, the Lamar School Foundation, Great Southern Bank and Children of Abraham Ministries.
Reach Ken Roberts at ken.roberts@tuscaloosanews.com.
This article originally appeared on The Tuscaloosa News: Owner of Tuscaloosa Ace Hardware store named to company's board
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Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as 'may,' 'will,' 'should,' 'would,' 'expect,' 'anticipate,' 'plan,' 'likely,' 'believe,' 'estimate,' 'project,' 'intend,' and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to obtain the necessary approvals for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances; (ii) uncertainties as to the timing of the consummation of the proposed transaction, including timing for satisfaction of the closing conditions, and the ability of each of Enzon and Viskase to consummate the proposed transaction; (iii) the ability of Viskase to timely deliver the financial statements required by the Merger Agreement; (iv) the possibility that other anticipated benefits of the proposed transaction will not be realized, including without limitation, anticipated revenues, expenses, earnings and other financial results, and growth and expansion of the combined company's operations, and the anticipated tax treatment of the combination; (v) potential litigation relating to the proposed transaction that could be instituted against Enzon, Viskase or their respective officers or directors; (vi) possible disruptions from the proposed transaction that could harm Enzon's or Viskase's respective businesses; (vii) the ability of Viskase to retain, attract and hire key personnel; (viii) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (ix) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Enzon's or Viskase's financial performance; (x) certain restrictions during the pendency of the proposed transaction that may impact Enzon's or Viskase's ability to pursue certain business opportunities or strategic transactions; (xi) the exchange ratio and relative ownership levels as of the closing of the transactions contemplated by the Merger Agreement; (xii) estimates regarding future revenue, expenses, and capital requirements following the closing of the transactions contemplated by the Merger Agreement; (xiii) legislative, regulatory and economic developments; (xiv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, trade wars, or outbreak of war or hostilities, as well as management's response to any of the aforementioned factors; and (xv) such other risks and uncertainties, including those that are set forth in the Registration Statement under the heading 'Risk Factors', in Enzon's periodic public filings with the SEC, and in Viskase's annual and quarterly reports posted to Viskase's website. 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