Black Box Announces Chief Financial Officer to Resign
January 24 2017 - 9:04AM
Black Box Corporation (NASDAQ:BBOX), a leading digital solutions
provider, announced today that Anthony J. Massetti has informed the
Company of his decision to resign as its Senior Vice President,
Chief Financial Officer and Treasurer due to personal reasons
regarding his relocation to the Pittsburgh area as originally
contemplated. Mr. Massetti's resignation is not related to
any issues regarding financial disclosures or accounting matters.
Mr. Massetti will remain in his current positions during a
transition period and the Company has engaged a national search
firm to identify his successor.
E.C. Sykes, President and CEO, stated, “We appreciate Anthony’s
contributions to Black Box, and his willingness to stay on board to
allow for an orderly transition. We wish him well in his
future endeavors.”
Mr. Massetti stated, “I have nothing but the utmost respect for
Black Box and for the many fine Team Members I have met here.
I will continue to work diligently during my remaining time here to
further the company’s goals. I wish Black Box well in its
future.”
Cautionary Forward Looking StatementAny
forward-looking statements contained in this release are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and speak only as of the date of this
release. You can identify these forward-looking statements by the
fact that they use words such as "should," "anticipate,"
"estimate," "approximate," "expect," "target," "may," "will,"
"project," "intend," "plan," "believe" and other words of similar
meaning and expression in connection with any discussion of future
operating or financial performance. One can also identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. Forward-looking statements
are inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those
projected. Although it is not possible to predict or identify all
risk factors, they may include, among others, levels of business
activity and operating expenses, expenses relating to compliance
requirements, cash flows, global economic and business conditions,
successful integration of acquisitions, the timing, benefits and
costs of restructuring programs and other initiatives, successful
marketing of the Company's product and services offerings,
successful implementation of the Company's integration initiatives,
successful implementation of the Company's government contracting
programs, competition, changes in foreign, political and economic
conditions, fluctuating foreign currencies compared to the U.S.
dollar, rapid changes in technologies, client preferences, the
Company's arrangements with suppliers of voice equipment and
technology, government budgetary constraints and various other
matters, many of which are beyond the Company's control. Additional
risk factors are included in the Company's Annual Report on Form
10-K for the fiscal year ended March 31, 2016 and our
previously filed quarterly reports on Form 10-Q for Fiscal 2017. We
can give no assurance that any goal, plan or target set forth in
forward-looking statements will be achieved and readers are
cautioned not to place undue reliance on such statements, which
speak only as of the date made. We undertake no obligation to
release publicly any revisions to forward-looking statements as a
result of future events or developments and caution you not to
unduly rely on any such forward-looking statements.
About Black Box Black Box is a leading digital
solutions provider dedicated to helping customers build, manage,
optimize, and secure their IT infrastructure. Black Box delivers
high-value products and services through its global presence and
more than 3,500 team members. To learn more, visit the Black Box
website at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks
of BB Technologies, Inc.
Contact:
Ronald Basso
724-873-6788
Executive Vice President, General Counsel and Secretary
pr@blackbox.com
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