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The Quigley Corporation Issues Open Letter to Stockholders; Urges Stockholders to Reject Dissident Ted Karkus' Solicitation Efforts
Date:5/7/2009

nclude, among possible avenues, potential partnering and licensure with major pharmaceutical companies. We believe our success will not just be limited to QR-333. The Company has other ethical pharma products in the development pipeline that we are also excited about.

OUR BOARD IS COMMITTED TO ALIGNING EXECUTIVE COMPENSATION WITH STOCKHOLDER

INTERESTS

The results of our core business, COLD-EEZE and its related products, have been hurt recently by a particularly weak cold season. This softness has been felt not just by The Quigley Corporation, but by the entire sector. In response to the current economic downturn and as part of the Company's efforts to reduce costs and align executive performance with stockholder value, the base salaries for Guy J. Quigley, the Company's President and CEO and Charles A. Phillips, the Company's Executive Vice President and Chief Operating Officer have been reduced 18.12% and 18.07%, respectively, for 2009 as part of the Company's overall cost containment efforts amid current market conditions and the continuing global economic challenge. The Compensation Committee has also rescinded the cash-incentive portion of executive bonuses for 2009 such that any performance-based bonuses would be based solely on any increase in the Company's stock price.

KARKUS HAS NO STRATEGIC PLAN FOR YOUR COMPANY

Karkus' proxy materials DO NOT present any plan or functional strategies for The Quigley Corporation. The best he can offer in his proxy materials is a boilerplate agenda which includes reviewing the Company's management, structure and corporate governance policies. This so-called "strategic plan" reflects no knowledge or insight of the Company's business model, products, operations, markets or long-term strategies/objectives. If Karkus and his slate of nominees have no specific plans for your company, should you simpl
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SOURCE The Quigley Corporation
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Related medicine news :

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2. Unexpected Positive Finding Expands Potential for Quigley QR333 Drug for Diabetic Neuropathy; Findings Suggest Possible Disease Modification
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4. Quigley Announces Completion of Phase IIb Clinical Study of QR-333 For Diabetic Peripheral Neuropathy on November 25, 2008; Collection and Evaluation of Study Data to Begin Immediately Thereafter
5. The Quigley Corporation Reports Third Quarter 2008 Results; Continues Investment in Pharmaceutical R&D Future
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