Breeze-Eastern Reports Resignation of Director Jay Harris
November 15 2010 - 7:45AM
Business Wire
Breeze-Eastern Corporation (NYSE Amex: BZC) today reported
that Jay Harris resigned as a Director of the Company. Mr. Harris,
who has served as a Director for more than three years, explained
that other demands on his time made it unlikely that he would be
able to dedicate the time necessary to fulfill his role as a
Director of the Company going forward. In his communication with
Mike Harlan, President and CEO of the Company, and with his fellow
Directors, Mr. Harris voiced his continued support for Mr. Harlan’s
leadership of Breeze-Eastern and expressed his best wishes for both
Mr. Harlan’s and the Company’s continued success.
Charles Grigg, Chairman of the Board of the Company said “We
will miss Jay both as a friend and as a valued member of the Board.
His advice and excellent business judgment proved his value as a
member of the Board time and again during his service as a
Director; we wish him well in all his future endeavors.”
Breeze-Eastern Corporation (http://www.breeze-eastern.com) is
the world’s leading designer and manufacturer of high performance
lifting and pulling devices for military and civilian aircraft,
including rescue hoists, winches and cargo hooks, and
weapons-lifting systems.
INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding our future operating performance, financial
results, events, trends and plans. All statements in this news
release other than statements of historical facts are
forward-looking statements. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as “anticipates,”
“believes,” “could,” “expects,” “intends,” “may,” “should” and
other similar expressions. Although we believe that the
expectations reflected in all of our forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. Such statements are not guarantees of future
performance or events and are subject to known and unknown risks
and uncertainties that could cause our actual results, events or
financial positions to differ materially from those included within
the forward-looking statements. Such factors include, but are not
limited to competition from other companies; changes in applicable
laws, rules, and regulations affecting the Company in the locations
in which it conducts its business; interest rate trends; a decrease
in the United States government defense spending, changes in
spending allocation or the termination, postponement, or failure to
fund one or more significant contracts by the United States
government or other customers; determination by us to dispose of or
acquire additional assets; general industry and economic
conditions; events impacting the U.S. and world financial markets
and economies; and those specific risks disclosed in our Annual
Report on Form 10-K for the fiscal year ended March 31, 2010, and
other filings with the Securities and Exchange Commission. We
undertake no obligation to update publicly any forward-looking
statements, whether as a result of new information or future
events.
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