Monday, October 01, 2007

Large Duckwall-ALCO (DUCK) Holder Strongbow Capital Proposes Changes

In an amended 13D filing on Duckwall-ALCO Stores Inc. (Nasdaq: DUCK) 14.2% holder Strongbow Capital proposed certain changes in a recent telephone conversation with Warren H. Gfeller, the Company's Chairman.

The proposed changes:

1. Expand the size of the Board by one member and appoint Royce Winsten to fill the newly created Board position.

2. Create an executive committee of the board, which would be authorized to exercise all the powers and authority of the Board in the management of the business and affairs of the Company. The firm said the executive committee would be charged with: reducing average inventory levels, reducing SG&A expense, reducing losses from shrinkage.

The firm also recommended that Lolan C. Mackey be appointed chairman of the executive committee and that Mr. Winsten be one of the members of the committee.

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