Mark VII, Inc. announces results of annual regular shareholders meeting

Business Wire, May 23, 1996

MEMPHIS, Tenn.--(BUSINESS WIRE)--May 23, 1996--Mark VII, Inc. (Nasdaq NMS:MVII) announced today that on Wednesday, May 22, 1996, its shareholders approved a proposal to change the state of incorporation of the Company from Missouri to Delaware.

As a result of the reincorporation, the Company will be subject to a better known and more clearly defined body of corporate law which will afford the Company the flexibility and certainty it needs to operate effectively and efficiently.

Shareholders also approved amendments to the Company's 1996 Omnibus Stock Incentive Plan and the re-election of all eight members of the Board of Directors. Re-elected to the board were R.C. Matney, J. Michael Head, James T. Graves, David H. Wedaman, Douglass Wm. List, William E. Greenwood, Dr. Jay U. Sterling and Thomas J. Fitzgerald. In connection with the reincorporation, the Board of Directors has been divided into three classes of directors, each class consisting, as nearly as possible, of one-third of the total number of directors, with each class having a three-year term, following an initial three-year phase in period.

CONTACT: Mark VII, Inc., Memphis

Philip Dunavant, 901/767-4455