STR Holdings, Inc. Announces Susan C. Schnabel Resigns From STR Board of Directors
12 Marzo 2014 - 9:01PM
STR Holdings, Inc. (NYSE: STRI) today announced that Susan C.
Schnabel, Co-Head of DLJ Merchant Banking Partners (DLJMB), has
tendered her resignation from the STR Board of Directors, effective
March 10, 2014, following the sale of DLJMB's holdings of STR
common stock in the Company's modified "Dutch auction" tender
offer, which closed on March 7, 2014.
Ms. Schnabel led DLJMB's acquisition of STR in June 2007 and has
served as the Company's Lead Director, Chair of the Nominating and
Corporate Governance Committee and a member of the Compensation
Committee since the Company's initial public offering in 2009.
Robert S. Yorgensen, STR's President and Chief Executive
Officer, stated, "STR and its board of directors has benefited
greatly from our long and successful relationship with DLJMB.
Susan's knowledge of capital markets and perspective on corporate
governance has been invaluable over the past seven
years."
STR's Chairman of the Board, Dennis L. Jilot added, "On behalf
of STR and the STR Board of Directors, I thank Susan for her many
important contributions and wish her the very best in her future
endeavors."
About STR Holdings, Inc.
STR Holdings, Inc. is a provider of encapsulants to the
photovoltaic module industry. Further information about STR
Holdings, Inc. can be obtained via the Company's website at
www.strsolar.com.
Forward–Looking Statements
This press release and any oral statement made in respect of the
information in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to inherent risks
and uncertainties, including but not limited to the risks and
uncertainties described under "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in our periodic reports on Forms 10-K, 10-Q and 8-K
filed from time to time with the U.S. Securities and Exchange
Commission. You are urged to carefully review and consider the
disclosure found in our filings which are available
on http://www.sec.gov or http://www.strsolar.com.
These forward-looking statements present the Company's current
expectations and projections relating to its financial condition,
results of operations, plans, objectives, future performance and
business and are based upon assumptions that the Company has made
in light of its industry experience and perceptions of historical
trends, current conditions, expected future developments and other
factors management believes are appropriate under the
circumstances. However, these forward-looking statements are not
guarantees of future performance or financial or operating results.
The Company undertakes no obligation to publicly update any
forward-looking statements contained in this release, whether as a
result of new information, future developments or otherwise, except
as may be required by law.
CONTACT: STR Holdings, Inc.
Joseph C. Radziewicz
Vice President and Chief Financial Officer
(860) 763-7014, x7437
joseph.radziewicz@strholdings.com
Grafico Azioni STR (CE) (USOTC:STRI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni STR (CE) (USOTC:STRI)
Storico
Da Giu 2023 a Giu 2024