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|John J. Byrne Elected to Overstock.com Board of Directors|
Joe Tabacco is re-elected to Board of Directors
Shareholders ratify KPMG as firm's independent accounting firm
SALT LAKE CITY, May 12, 2010 /PRNewswire via COMTEX/ --Overstock.com, Inc. (Nasdaq: OSTK) announced that John J. "Jack" Byrne was elected to the Board of Directors by the company's stockholders at the annual meeting of stockholders held today. Mr. Byrne is the father of Patrick Byrne, the company's CEO, and has served as a board member in the past.
"My father brings tremendous wisdom and experience, which will help Overstock continue to grow and mature as a company," said Patrick Byrne. "I am pleased that the Board of Directors nominated him, grateful that he was elected by the stockholders, and look forward to working with him again."
At today's annual meeting stockholders re-elected Joseph J. Tabacco Jr. as a member of the Board of Directors. Patrick Byrne said, "Joe's background, rare among corporate boards, coupled with his business acumen, has made him a tremendous director for several years. I am glad to be continuing the relationship."
Shareholders also ratified KPMG as the company's registered independent public accounting firm.
Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."
Overstock.com(R) is a registered trademark of Overstock.com, Inc. Any other trademarks are the property of their respective owners.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Our Form 10-K for the year ended December 31, 2009, our subsequent quarterly reports on Form 10-Q, or any amendments thereto, and our other subsequent filings with the Securities and Exchange Commission identify important factors that could cause our actual results to differ materially from those contained in any projections, estimates or forward-looking statements.
SOURCE Overstock.com, Inc.