House
Resolution
12
-
Introduced
HOUSE
RESOLUTION
NO.
12
BY
LOHSE
A
Resolution
honoring
and
congratulating
Stephen
M.
1
Lacy
upon
his
retirement
as
Executive
Chairman
of
2
Meredith
Corporation.
3
WHEREAS,
Stephen
M.
Lacy
joined
Des
Moines-based
4
Meredith
Corporation
as
Chief
Financial
Officer
in
5
1998
and
soon
advanced
into
an
operating
role
at
6
the
company,
heading
its
digital,
broadcasting,
and
7
publishing
groups;
and
8
WHEREAS,
Mr.
Lacy
was
named
President
and
Chief
9
Executive
Officer
of
Meredith
Corporation
in
2006,
10
became
Chairman
of
the
Board
of
Directors
in
2009,
and
11
has
served
as
Executive
Chairman
of
the
company
since
12
January
of
2018;
and
13
WHEREAS,
under
Mr.
Lacy’s
leadership,
Meredith
14
Corporation
acquired
many
familiar
national
media
15
brands
such
as
Allrecipes,
SHAPE,
and
Martha
Stewart
16
Living,
and
rapidly
expanded
its
brand
licensing
and
17
marketing
services
activities;
and
18
WHEREAS,
during
Mr.
Lacy’s
21-year
tenure
at
19
Meredith
Corporation,
the
company’s
revenues
doubled
20
and
profits
more
than
tripled;
and
21
WHEREAS,
Mr.
Lacy
spearheaded
Meredith
Corporation’s
22
acquisition
of
Time
Inc.,
transforming
the
company
23
into
a
media
powerhouse
with
the
leading
media
brands
24
in
the
pop
culture,
celebrity
and
entertainment,
25
food,
fashion,
lifestyle,
news,
business
and
finance,
26
and
sports
content
areas
with
60
million
active
27
subscribers,
and
a
top
10
digital
industry
player
with
28
-1-
LSB
2781YH
(2)
88
gh/rn
1/
3
H.R.
12
170
million
visitors
each
month;
and
1
WHEREAS,
Mr.
Lacy
was
instrumental
in
establishing
2
Meredith
Corporation
as
the
nation’s
foremost
3
multiplatform
media
and
marketing
services
company,
4
reaching
nearly
200
million
American
consumers
each
5
month,
including
over
80
percent
of
U.S.
millennial
6
women;
and
7
WHEREAS,
throughout
his
time
at
Meredith
8
Corporation,
Mr.
Lacy
actively
promoted
Iowa
as
a
9
leading
state
for
business
and
committed
to
maintaining
10
the
company’s
corporate
headquarters
in
Des
Moines,
the
11
birthplace
of
Meredith
Corporation’s
Successful
Farming
12
magazine;
and
13
WHEREAS,
Mr.
Lacy
has
extensively
given
back
to
14
the
local
community,
serving
as
board
chairman
or
in
15
another
leadership
capacity
for
United
Way
of
Central
16
Iowa,
the
Greater
Des
Moines
Partnership,
the
Community
17
Foundation
of
Greater
Des
Moines,
the
Des
Moines
18
Redevelopment
Corporation,
the
Greater
Des
Moines
19
Leadership
Institute,
Junior
Achievement,
the
American
20
Red
Cross,
Big
Brothers/Big
Sisters,
Easter
Seals,
and
21
the
Dowling
Catholic
High
School
Foundation;
and
22
WHEREAS,
upon
his
retirement
from
Meredith
23
Corporation
as
Executive
Chairman,
Mr.
Lacy
will
24
continue
to
serve
the
company
in
a
nonexecutive
25
capacity
as
Chairman
of
the
Board
of
Directors;
NOW
26
THEREFORE,
27
BE
IT
RESOLVED
BY
THE
HOUSE
OF
REPRESENTATIVES,
That
28
the
House
of
Representatives
congratulates
Stephen
29
M.
Lacy
upon
his
retirement
as
Executive
Chairman
of
30
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H.R.
12
Meredith
Corporation
and
extends
its
gratitude
to
1
him
for
his
outstanding
contributions
to
the
state
of
2
Iowa,
his
devotion
to
the
local
community,
and
his
3
exceptional
leadership
of
Meredith
Corporation.
4
-3-
LSB
2781YH
(2)
88
gh/rn
3/
3