Settlement Marks New Era for Company
Vista, CA—DC Shoes, Inc., is pleased to announce that it has settled its dispute with its former CFO, Clayton Blehm. As part of that settlement, DC is reacquiring Mr. Blehm’s DC stock.
The settlement closes a chapter in the company’s history, and allows the company to move forward with its business. DC President Ken Block said, “Damon Way and I are very pleased to have put this stage of our business lives behind us. We can now focus all of our efforts on doing what we do best, rather than dwelling on the past. All of us at DC are excited about the future.”
In related news, fulfilling an agreement made several years ago, DC Shoes, Inc., is pleased to announce it has granted shares of DC stock to athletes Danny Way and Colin McKay. Two of the most recognized professional skateboarders in the industry, Way and McKay have been with DC since the company’s inception. Integral to the company’s foundation, Way and McKay inspired DC’s first two signature skate shoes, launched in Winter of 1994.
“Both Damon (Way) and I are very pleased to finally make good on this promise,” DC President Ken Block said. “These guys have been a huge part of our success since the beginning….It’s nice to finally have it official because they deserve it. The timing couldn’t be better and DC is stronger than ever.”
When asked about being made a shareholder, Danny said, “Since day one, Colin and I have had a strong commitment to the company….This has been something we’ve been discussing with Ken and Damon for a long time and now is a good time to put it in place. Colin and I are blessed that Ken and Damon committed to do something like this for us. We couldn’t be happier.”