Saturday, September 20, 2014
Inquirer Daily News

Quigley Corp. CEO resigns after losing proxy fight

Guy Quigley founded the Doylestown maker of Cold-Eeze 20 years ago. But shareholders voted out the incumbent board last month.

Quigley Corp. CEO resigns after losing proxy fight

Guy J. Quigley, chairman, president and CEO of Quigley Corp., who founded the maker of the Cold-Eeze line of cold remedies 20 years ago, resigned Friday afternoon.

The Doylestown company was the subject of a proxy battle this spring led by New York investor Ted Karkus. His dissident slate of seven directors won a majority of the votes cast at the May 20 annual meeting.

Quigley’s chief operating officer, Charles A. Phillips, and accounting operations manager, Wendy D. Quigley, also resigned.

Word of the resignations came after the stock market had closed. Shares closed at $4.26, up 26 cents, or 6.5 percent.

Here's a link to Quigley Corp.'s press release.

And a link to a PhillyInc post from last month.

Mike Armstrong Inquirer Columnist
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

Mike Armstrong Inquirer Columnist
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