Clark Holdings Inc. Extends Engagement of AlixPartners and Amends Credit Facility

Clark Holdings Inc.(NYSE: GLA) today announced that it had extended its engagement of AlixPartners, LLP as strategic advisors to the company. The original engagement of AlixPartners was to expire on March 31, 2011, and has been extended through May 31, 2011, with an option to extend to June 30, 2011.

Clark also announced that it has entered into an amendment to its credit agreement with Cole Taylor Bank that waives non-compliance with a financial covenant and amends the financial covenants and several other provisions of the credit agreement.