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Terence C. Golden Resigns from Cousins' Board of Directors
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01/16/2005
ATLANTA--Aug. 19, 2004--Cousins Properties Incorporated (NYSE:CUZ) announced today the resignation of Terence C. Golden from its Board of Directors. Mr. Golden, who had served on Cousins' Board since 1996, resigned for personal reasons and his seat on the Board will not be immediately filled. Director Boone A. Knox has been selected by the Board to replace Mr. Golden as Chair of the Board's Audit Committee.
"Over the years, Terry Golden has been an exemplary Director, giving our Board a unique perspective and providing excellent counsel to our management team. We will miss him and wish him all the best," said Tom Bell, president and CEO of Cousins. "We must also thank Boone Knox for accepting the responsibility of chairing the Audit Committee. With today's heightened level of scrutiny on public companies, his is a very important position and we are lucky to have someone of Boone's caliber available to serve."
Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office, industrial and land development projects. The Company's portfolio consists of interests in 12.6 million square feet of office and medical office space, 3.1 million square feet of retail space, over 1,980 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 7.7 million square feet of office space. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information on the Company, please visit Cousins' Web site at www.cousinsproperties.com.
Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to, general and local economic conditions, local real estate conditions, the activity of others developing competitive projects, the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company's ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the failure of assets under contract for sale to ultimately close and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Current Report on Form 8-K filed on December 10, 2003. The words "believes", "expects", "anticipates", "estimates" and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
