Hartmarx Corporation (NYSE: news) today announced that Raymond F. Farley, a member of the Hartmarx Board of Directors, and Retired President and Chief Executive Officer of SC Johnson Wax, will serve as Chairman of a newly formed Ad Hoc Committee of the Hartmarx Board.

Mr. Farley made the following statement:

"The Board of Directors of Hartmarx Corporation has formed an Ad Hoc Committee to evaluate any legitimate offers or transactions proposed to the Company. I have been asked to serve as chairman of the Committee.

"The Committee, the Board and Hartmarx executive management have exercised and fully intend to continue to exercise their fiduciary duties and responsibilities to shareholders in evaluating any and all such offers. We will go about our evaluation in an objective, professional, deliberate and detailed manner."


To view related research reports, please follow the links below:-

Creating The Knowledge-based Business

Driving Corporate Culture For Business Success