text: ment process and allows us to embrace change. As we continue  on our heritage while remaining true to our culture and values. 
  
  to add and develop talent to support our growth strategies, we  The new name will serve to better align the corporate identity 
  
  become more diverse in our perspectives, strengthening our  with the direction of the company, as a strategic manager of 
  
  ability to understand and meet the needs of our customers and  multiple, distinct, and independent brands. 
  
  end-users.  We thank our member-owners for their continued 
  
  dedication, and look forward to the challenges and opportuni- 
  
  On January 5, 2004, we completed the acquisition of  ties of 2004. 
  
  Paoli Inc., a leading provider of wood case goods and seating. 
  
  The acquisition reflects our commitment to achieving profit- 
  
  able growth. With annual sales in excess of $80 million, Paoli 
  
  has well-known brands, a broad product offering, and strong 
  
  Jack D. Michaels  independent representative sales and dealer networks. This 
  
  acquisition supports our operating philosophy to work through  C H A I R M A N A N D C H I E F E X E C U T I V E O F F I C E R 