|
FOR IMMEDIATE RELEASE
April 19, 2006
CSS INDUSTRIES, INC. DECLARES QUARTERLY CASH DIVIDEND AND APPOINTS CHRISTOPHER J. MUNYAN AS A MEMBER OF ITS BOARD OF DIRECTORS
The Board of Directors of CSS Industries, Inc. (NYSE:CSS) today declared a quarterly dividend of twelve cents per share on its outstanding shares of Common Stock. This dividend will be payable on June 15, 2006 to stockholders of record at the close of business on June 1, 2006.
Additionally, Christopher J. Munyan was elected today as a member of the Company’s Board of Directors. Mr. Munyan presently serves as the Company’s Executive Vice President and Chief Operating Officer. As previously announced, Mr. Munyan will succeed David J. M. Erskine as President and Chief Executive Officer of the Company effective upon Mr. Erskine’s retirement on June 30, 2006.
In announcing Mr. Munyan’s election, Jack Farber, Chairman of the Company’s Board of Directors, said, “During his past thirteen years of service with CSS and its subsidiaries, Chris has exhibited outstanding leadership qualities, and he brings a breadth of operational and financial experience to our Board of Directors. We look forward to his participation in the deliberations and actions of the Board.”
CSS is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties, educational products and Easter egg dyes and novelties.
FOR FURTHER INFORMATION CONTACT:
Vincent A. Paccapaniccia
Chief Financial Officer
tele: (215) 569-9900
|