LINCOLN, Neb., July 6, 2016 /PRNewswire/ -- Crossroads
Capital, Inc. (Nasdaq: XRDC) announced today that it has appointed
Phillip Goldstein to serve on its
Board of Directors (the "Board") to fill a vacancy created by the
resignation of Richard Cohen.
On June 30, 2016, Mr. Cohen
notified the Board of Crossroads Capital, Inc. (the "Company") of
his resignation from the Board effective on that date. Mr.
Cohen's resignation was not the result of any disagreement with the
Company, including regarding any matters relating to the Company's
operations, policies or practices.
Effective June 30, 2016, the Board
appointed Mr. Goldstein to fill the vacant Board seat and to serve
as a director for the remainder of Mr. Cohen's current term or
until his successor is duly elected and qualified. The Board
also appointed Mr. Goldstein to serve on the Audit Committee, the
Compensation Committee and the Nominating Committee, effective
June 30, 2016.
Biographical and other information for Mr. Goldstein is included
in the Current Report on Form 8-K filed with the U.S. Securities
and Exchange Commission on July 6,
2016.
Andrew Dakos, Chairman of the
Board, commented, "We thank Richard
Cohen for his dedicated service and very important
contributions to the Company and welcome Phil Goldstein to the Board. Phil has
extensive experience serving as a director of closed-end funds and
a material financial interest in Crossroads Capital. We look
forward to benefiting from his insight."
About Crossroads Capital, Inc.
Crossroads Capital, Inc. (www.xroadscap.com) is a closed-end
fund regulated as a business development company under the
Investment Company Act of 1940.
Investor Relations
Contact:
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Ben H.
Harris
|
|
Chief Executive
Officer and President
|
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(402)
261-5345
|
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ben@xroadscap.com
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Forward-Looking Statements
This press release may contain statements of a
forward-looking nature relating to future events. These
forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions.
These statements reflect Crossroads Capital's current beliefs, and
a number of important factors could cause actual results to differ
materially from those expressed in this press release, including
the factors set forth in "Risk Factors" set forth in Crossroads
Capital's Form 10-K and Form 10-Q filed with the Securities and
Exchange Commission ("SEC"), and subsequent filings with the
SEC. Please refer to Crossroads Capital's SEC filings for a
more detailed discussion of the risks and uncertainties associated
with its business, including but not limited to the risks and
uncertainties associated with investing in micro- and small-cap
companies. Except as required by the federal securities laws,
Crossroads Capital undertakes no obligation to revise or update any
forward-looking statements, whether as a result of new information,
future events or otherwise. The reference to Crossroads
Capital's website has been provided as a convenience, and the
information contained on such website is not incorporated by
reference into this press release.
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visit:http://www.prnewswire.com/news-releases/crossroads-capital-announces-appointment-of-new-director-300294664.html
SOURCE Crossroads Capital, Inc.