BASKING RIDGE, N.J., May 26 /PRNewswire-FirstCall/ -- Hooper Holmes, Inc. today announced that it plans to increase the size of its board through the selection and ultimate appointment of two additional independent directors. Hooper Holmes' board currently includes a majority of independent directors and is presently compliant with AMEX rules. The additional appointments, which will be made during 2004, are designed to ensure the Company complies with the independence standards established by leading proxy advisory service providers and other governance monitors and continues to be compliant with AMEX rules.
Mr. Jim McNamee, Chairman and Chief Executive Officer of Hooper Holmes, said, "Our decision to enhance the level of independence of our Board of Directors is consistent with our commitment to best practices for corporate governance. Over the next six months, we will be seeking to appoint additional directors who will not only increase the level of independence of our board, but also add expertise and experience in the complementary business areas we are currently pursuing."
About Hooper Holmes, Inc.:
Hooper Holmes, Inc. provides outsourced risk assessment services, including underwriting and claims information to the life, health, automobile, and workers' compensation insurance industries. The Company provides these health information services through over 275 locations nationwide and in the United Kingdom.
Hooper Holmes, Inc.CONTACT: Fred Lash of Chief Financial Officer of Hooper Holmes, Inc.,+1-908-766-5000; or Investors - Tiernan Cavanna or Lanie Marcus, or Media -Sean Leous, all of Financial Dynamics, +1-212-850-5600, for Hooper Holmes,Inc.
Web site: http://www.hooperholmes.com/
