Payless re-elects board members

Stockholders of Payless ShoeSource Inc. re-elected three board members during the Topeka-based company’s annual meeting Thursday.

Chosen to remain on the board, each with a three-year term:

¢ Daniel Boggan Jr., retired senior vice president of the National Collegiate Association.

¢ Michael A. Weiss, former president and chief executive officer of Express, a subsidiary of Limited Brands Inc.

¢ Robert C. Wheeler, president of Hill’s Pet Nutrition, also based in Topeka.

Retiring from the board was Michael E. Murphy, retired vice chairman and chief administrative officer of Sara Lee Corp.; upon his planned departure, the board’s size was decreased to 10 members.

Stockholders also ratified the reappointment of Deloitte & Touche as the company’s independent registered public accountants; and approved changes to the company’s stock-incentive and incentive-compensation plans.

Payless, with nearly 4,600 stores, has about 1,100 employees working at its world headquarters in Topeka. The company announced Tuesday that it would buy Stride Rite Corp. for $800 million, plus assumed Stride Rite debt.