Quanex Building Products Announces Nomination of Donald R. Maier for Election to Board of Directors
February 27 2019 - 4:30PM
Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the
“Company”) today announced that its Board of Directors (the
“Board”) has nominated Donald R. Maier to stand for election as a
director of Quanex. Mr. Maier will stand for election at the
Company’s Annual Meeting of Stockholders on March 22, 2019, as set
forth in Quanex’s 2019 Proxy Statement.
As previously planned under the Board’s
mandatory retirement policy, LeRoy D. Nosbaum will not stand for
re-election at the Company’s 2019 Annual Meeting of
Stockholders. All other current directors, other than Mr.
Nosbaum, will stand for re-election at Quanex’s 2019 Annual Meeting
of Stockholders.
Mr. Maier is the President and CEO of Armstrong
Flooring, Inc., an NYSE-listed global producer of flooring products
for use primarily in the construction and renovation of commercial,
residential and institutional buildings. Prior to assuming
that role, Mr. Maier served as Executive Vice President and CEO of
the Flooring Products division of Armstrong World Industries, Inc.
from 2014 to 2016, and as Senior Vice President, Global Operations
Excellence of Armstrong World Industries, Inc. from 2010 to
2014. Mr. Maier also served as Senior Advisor of TPG Capital
Advisors from 2007 to 2010, and in various senior leadership,
strategic, marketing, business development, and engineering roles
at Hillenbrand Industries and its subsidiaries Hill-Rom and
Batesville Casket Company from 1987 to 2007.
Bill Griffiths, Chairman, President and Chief
Executive Officer of Quanex, commented, “We are delighted to
nominate Don for election by our shareholders as a new member of
our Board. His extensive manufacturing, engineering,
marketing and operational experience will make him a valuable
member, and his experience as a director and CEO of a global and
publicly-traded building products company has provided him with
corporate governance, international business and public company
expertise.
In addition, I would be remiss if I didn’t
recognize LeRoy’s many contributions to our Board. He has
been a valued Board member since 2010 and we have been fortunate to
benefit from his experience and oversight in many areas. We
will miss his business insight, advice and thoughtful
perspective. We wish LeRoy and his family all the best in his
retirement.”
About Quanex
Quanex Building Products Corporation is an
industry-leading manufacturer of components sold to Original
Equipment Manufacturers (OEMs) in the building products
industry. Quanex designs and produces energy-efficient
fenestration products in addition to kitchen and bath cabinet
components.
Additional Information and Where to Find
It
This press release may be deemed to be
solicitation material in respect of the solicitation of proxies
from stockholders for the Company’s 2019 Annual Meeting of
Stockholders. Quanex has filed a definitive proxy statement on
Schedule 14A and form of proxy card with the Securities and
Exchange Commission (“SEC”) in connection with such solicitation
(the “Definitive Proxy Statement”). The Company, its directors and
certain of its executive officers may be deemed to be participants
in such solicitation, and information regarding Quanex’s directors
and executive officers and their respective interests in the
Company by security holdings or otherwise is set forth in the
Definitive Proxy Statement. Investors and stockholders are
advised to read all relevant documents filed or furnished to the
SEC before making any voting decision, including the Definitive
Proxy Statement and any supplements thereto, because they will
contain important information. Stockholders may obtain a free
copy of the Definitive Proxy Statement and other relevant documents
that Quanex files with the SEC from the SEC’s website at
www.sec.gov or the Company’s website at
http://www.investors.quanex.com.
Scott Zuehlke
VP, Investor Relations & Treasurer
713-877-5327
scott.zuehlke@quanex.com
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