LSI Industries Inc. Announces the Addition of Howard E. Japlon as Executive Vice President, Human Resources and General Couns...
March 15 2017 - 6:45AM
LSI Industries Inc. (NASDAQ:LYTS) today announced
the appointment of Howard (“Howie”) E. Japlon to the position of
Executive Vice President, Human Resources and General Counsel,
effective March 13, 2017. Prior to joining LSI, Mr. Japlon
served as Vice President, General Counsel & Secretary at ACE
Hardware Corporation. Previous employers include RG Steel,
LLC and Schneider Electric. Mr. Japlon received a J.D. from
the University of Illinois College of Law, Champaign – Urbana and a
B.A., Economics from Fordham University, New York City.
Mr. Japlon commented, “I am excited to join LSI Industries and
am impressed with the progress the LSI team has made to turn the
company around in recent years. I look forward to
contributing as LSI moves into a period of sustained growth.”
Dennis W. Wells, Chief Executive Officer and President,
commented, “I am very pleased to welcome Mr. Japlon to LSI
Industries. Howie is a seasoned leader with experience in the
areas of corporate law, human resources, mergers and acquisitions,
and strategy. He has a strong background in manufacturing,
distribution and services, including safety programs. His
human resources background includes the development and management
of compensation and benefit programs. I have worked with
Howie in the past at Square D Company (now Schneider Electric), and
am certain that his background will prove valuable as LSI continues
to grow.”
Mr. Wells continued, “With this new hire, Paul Foster, Executive
Vice President, LSI Business System, will be able to direct his
focus on the integration of Atlas Lighting Products, Inc.
Paul took the lead on much of the pre-integration planning for this
acquisition, and he is now maintaining an office at the Atlas
Lighting facility. I am pleased to report that early
integration efforts are going well, the acquisition continues to be
well-received in our markets, and we remain optimistic about the
synergies this combination will provide to LSI. Paul’s
efforts with the LSI Business System have resulted in continuous
improvement and improved efficiencies throughout the Company. I am
confident that his leadership during the integration process will
ensure a smooth transition of Atlas into the LSI family.”
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995
This document contains certain forward-looking statements that
are subject to numerous assumptions, risks or
uncertainties. The Private Securities Litigation Reform
Act of 1995 provides a safe harbor for forward-looking
statements. Forward-looking statements may be identified
by words such as “estimates,” “anticipates,” “projects,” “plans,”
“expects,” “intends,” “believes,” “seeks,” “may,” “will,” “should”
or the negative versions of those words and similar expressions,
and by the context in which they are used. Such
statements, whether expressed or implied, are based upon current
expectations of the Company and speak only as of the date
made. Actual results could differ materially from those
contained in or implied by such forward-looking statements as a
result of a variety of risks and uncertainties over which the
Company may have no control. These risks and
uncertainties include, but are not limited to, the impact of
competitive products and services, product demand and market
acceptance risks, potential costs associated with litigation and
regulatory compliance, reliance on key customers, financial
difficulties experienced by customers, the cyclical and seasonal
nature of our business, the adequacy of reserves and allowances for
doubtful accounts, fluctuations in operating results or costs
whether as a result of uncertainties inherent in tax and accounting
matters or otherwise, failure of an acquisition or acquired company
to achieve its plans or objectives generally, unexpected
difficulties in integrating acquired businesses, the ability to
retain key employees of acquired businesses, unfavorable economic
and market conditions, the results of asset impairment assessments,
the ability to maintain an effective system of internal control
over financial reporting, the ability to remediate any material
weaknesses in internal control over financial reporting and any
other risk factors that are identified herein. You are
cautioned to not place undue reliance on these forward-looking
statements. In addition to the factors described in this
paragraph, the risk factors identified in our Form 10-K and other
filings the Company may make with the SEC constitute risks and
uncertainties that may affect the financial performance of the
Company and are incorporated herein by reference. The
Company does not undertake and hereby disclaims any duty to update
any forward-looking statements to reflect subsequent events or
circumstances.
About the Company
We are a customer-centric company that positions itself as a
value-added, trusted partner in developing superior image solutions
through our world-class lighting, graphics, and technology
capabilities. Our core strategy of "Lighting + Graphics +
Technology = Complete Image Solutions" differentiates us from our
competitors.
We are committed to advancing solid-state LED technology to make
affordable, high performance, energy-efficient lighting and custom
graphic products that bring value to our customers. We have a
vast offering of innovative solutions for virtually any lighting or
graphics application. In addition, we provide sophisticated
lighting and energy management control solutions to help customers
manage their energy performance. Further, we provide a full
range of design support, engineering, installation and project
management services to our customers.
We are a vertically integrated U.S.-based manufacturer
concentrating on serving customers in North America and Latin
America. Our major markets include commercial / industrial
lighting, petroleum / convenience store and multi-site retail
(including automobile dealerships, restaurants and national retail
accounts). Headquartered in Cincinnati, Ohio, LSI has
facilities in Ohio, California, Kentucky, New York, North Carolina
and Texas. The Company’s common shares are traded on the
NASDAQ Global Select Market under the symbol LYTS.
For further information, contact Dennis Wells,
Chief Executive Officer at (513) 793-3200.
Additional note: Today’s news
release, along with past releases from LSI Industries, is available
on the Company’s internet site at www.lsi-industries.com or by
email or fax, by calling the Investor Relations Department at (513)
793-3200.
CONTACT: DENNIS WELLS
(513) 793-3200
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