July 17, 2007 - 3:33 PM EST
Whole Foods Market's Board of Directors Begins Independent Internal Investigation
Associated with Online Financial Message Board Postings
AUSTIN, Texas, July 17 /PRNewswire-FirstCall/ -- Whole Foods Market Board (Nasdaq: WFMI) of Directors announced it has formed a Special Committee to conduct an independent internal investigation into online financial message board postings related to Whole Foods Market and Wild Oats Markets. The Special Committee has retained the firm of Munger, Tolles & Olson LLP to advise it during its investigation.
The Board will refrain from comment until the internal investigation is completed.
SOURCE Whole Foods Market, Inc.
Source: PR Newswire (July 17, 2007 - 3:33 PM EST)
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July 17, 2007 - 3:35 PM EST
Whole Foods Market Statement
AUSTIN, Texas, July 17 /PRNewswire-FirstCall/ -- Whole Foods Market (Nasdaq: WFMI) today released the following statement from Co-founder, Chairman and CEO, John Mackey: 'I sincerely apologize to all Whole Foods Market stakeholders for my error in judgment in anonymously participating on online financial message boards. I am very sorry and I ask our stakeholders to please forgive me.'
SOURCE Whole Foods Market, Inc.
Source: PR Newswire (July 17, 2007 - 3:35 PM EST)
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July 17, 2007 - 3:37 PM EST
SEC Contacts Whole Foods Market as it Begins Inquiry
AUSTIN, Texas, July 17 /PRNewswire-FirstCall/ -- Whole Foods Market, Inc. (Nasdaq: WFMI) today announced it was contacted by the staff of the Securities and Exchange Commission (SEC) late yesterday. The SEC staff is conducting an inquiry in relation to online financial message board postings regarding Whole Foods Market and Wild Oats Markets. The Company intends to fully cooperate with the SEC and does not anticipate commenting further while the inquiry is pending.
About Whole Foods Market: Founded in 1980 in Austin, Texas, Whole Foods Market (http://www.wholefoodsmarket.com) is the world's leading natural and organic foods supermarket and America's first national certified organic grocer. In fiscal year 2006, the Company had sales of $5.6 billion and currently has more than 190 stores in the United States, Canada, and the United Kingdom. The Whole Foods Market motto, 'Whole Foods, Whole People, Whole Planet'(TM) captures the Company's mission to find success in customer satisfaction and wellness, employee excellence and happiness, enhanced shareholder value, community support and environmental improvement. Whole Foods Market, Harry's Farmers Market(R), and Fresh & Wild(R) are trademarks owned by Whole Foods Market IP, LP. Whole Foods Market employs more than 45,000 Team Members and has been ranked for ten consecutive years as one of the '100 Best Companies to Work For' in America by FORTUNE magazine.
SOURCE Whole Foods Market, Inc.
Source: PR Newswire (July 17, 2007 - 3:37 PM EST)
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