Silverleaf Resorts, Inc. (NASDAQ: SVLF) announced the results of
its Annual Meetings of Shareholders and Directors held on May 7, 2009.
The shareholders reelected Robert E. Mead, J. Richard Budd, James B.
Francis, Jr., Herbert B. Hirsch, and Rebecca Janet Whitmore to the Board
of Directors for one-year terms. The Company's shareholders also
approved the appointment of BDO Seidman, LLP as the Company's
independent registered public accountant for 2009.
In connection with the election of executive officers by the Board of
Directors, the Company announced the creation of a new division within
the Company which will focus on marketing programs for the Company's
existing vacation interval owners. The new division will be known as
Owner Based Marketing and Sales Administration. Silverleaf's longtime
President, Sharon Brayfield, has moved from her position as President of
the Company to become president of the new division. Ms. Brayfield's new
title is "President—Owner Based Marketing and Sales Administration." Her
existing title and duties as President of Silverleaf Resorts, Inc. have
been assumed by Mr. Mead. Key employees of Silverleaf currently directly
involved in marketing upgrade and additional week intervals to existing
Silverleaf owners will be transferred to the new division under Ms.
Brayfield's leadership.
About Silverleaf Resorts
Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns and
operates timeshare resorts with a wide array of country club-like
amenities, such as golf, clubhouses, swimming, tennis, boating, and many
organized activities for children and adults. For additional
information, please visit www.silverleafresorts.com.
Forward-Looking Statements
This release contains certain forward-looking statements that involve
risks and uncertainties and actual results may differ materially from
those anticipated. The Company is subject to specific risks associated
with the timeshare industry, the regulatory environment, and various
economic factors. These risks and others are more fully discussed under
the heading "Risk Factors" in the Company's reports filed with the
Securities and Exchange Commission, including the Company's 2008 Annual
Report on Form 10-K filed on March 10, 2009.
For more information or to visit our website, click here: http://www.b2i.us/irpass.asp?BzID=1358&Nav=0&S=0&L=1.
Silverleaf Resorts, Inc., Dallas, Texas
Thomas J. Morris,
214-631-1166 x2218
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