Natural Grocers by Vitamin Cottage Inc. has elected Edward Cerkovnik to be an independent member of the board of directors. As a Class III director, Cerkovnik will hold that position until the annual meeting of stockholders in 2015. Cerkovnik is an additional, not replacement, member of the board—bringing the total number of board members to seven.
Cerkovnik also was elected on that same date to be an additional, not replacement, member of the compensation committee and to be a member of the audit committee. In satisfaction of New York Stock Exchange independence requirements for audit committees, Kemper Isely resigned from the audit committee effective upon Cerkovnik’s appointment. Isely remains chairman, director and co-president of the company.
Cerkovnik is a founder and president of Breckenridge Holding Co., the owner and operator of the Breckenridge Brewery & Pub concept as well as other food and beverage concepts. He has served as an officer and director of Breckenridge Holding Co. since its inception in 1994. In addition, Cerkovnik has been an active principal in other restaurant and commercial real estate projects since 1994.
“Mr. Cerkovnik brings practical and in-depth business experience to the board of directors, and we are grateful that he has agreed to join us,” said Isely.