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JUSTIN INDUSTRIES, INC.
(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement if other than the Registrant)
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FOR IMMEDIATE RELEASE
If additional information
is needed, please contact: Richard J. Savitz
Vice President, Finance
817/390-2412
Internet address:
http://www.justinind.com/
Justin Industries, Inc.
P. O. Box 425
Fort Worth, Texas 76101
817/336-5125
JUSTIN INDUSTRIES, INC.
JOHN JUSTIN PLANS TO STEP DOWN AS
CHAIRMAN AND CEO OF JUSTIN INDUSTRIES
Fort Worth, Texas, March 15, 1999 - At a meeting of the Justin
Industries, Inc. Board of Directors today, John Justin announced that
he plans to step down as Chairman of the Board and Chief Executive
Officer of Justin Industries at the close of the Annual Shareholders
meeting on April 16, 1999. He plans to remain a member of the Board
of Directors.
"I take immense pride in the growth of Justin to positions of
great strength in both the boot and the brick industries during my 61
years with the company. At age 82, I think it is time that I should
step down and spend more time with my wife and family," said John
Justin, Chairman of the Board and Chief Executive Officer, Justin
Industries.
"I will work with the Board over the next few weeks in hopes of
finalizing management roles going forward by the Annual Meeting. I
will continue to be involved in customer relations and supportive of
the management team," stated Justin.
Dee Kelly, speaking for the Board, stated "John Justin is an icon
in the Fort Worth business community and his name is synonymous with
the western heritage of this country. He has wonderfully and ably
managed and built the company that bears his family name. The Board
is highly appreciative of his long dedication to Justin Industries."
Justin Industries (Nasdaq National Market System symbol "JSTN")
includes Justin Boot Company, Nocona Boot Company, Tony Lama Company,
and Chippewa Shoe Company -- makers of the famed Justinr, Noconar,
Tony Lamar, and Chippewar footwear; Acme Brick Company -- the top
domestically owned United States manufacturer of face brick;
Featherlite Building Products Corporation -- leading Southwest
producer of concrete masonry products; American Tile Supply Company --
a major Texas distributor of ceramic and marble floor and wall tile;
and Northland Publishing Company -- publisher of fine books focused on
the art and history of the American West.
