Haynes International, Inc. Announces Leadership Change
May 29 2018 - 8:56AM
Haynes International, Inc. (NASDAQGM:HAYN) (the “Company”), a
leading developer, manufacturer and marketer of technologically
advanced high- performance alloys, announced today that Mark
Comerford, President and Chief Executive Officer and a director of
the company, has informed the Board of Directors of his intention
to retire from those positions, remaining with the Company as an
advisor through the end of the current fiscal year ending September
30, 2018.
Michael Shor, Chairman of the Board, will act as
interim President and CEO commencing as of the date of this press
release until the search for a new President and CEO is complete.
Mr. Shor is a thirty-year veteran of the metals industry and has
been a member of the Board of Directors of Haynes since 2012. In
his last position as Executive Vice President of Carpenter
Technology Corporation, Mr. Shor was responsible for the
performance of Carpenter Technology's operating divisions. In
his advisory role, Mr. Comerford will assist Mr. Shor during this
transition period.
Mr. Shor commented, “The Board would like to
express its appreciation to Mr. Comerford for his leadership while
at Haynes. We look forward to continuing to strengthen the Company
and its operations as we undertake a comprehensive search for a new
CEO.”
Mr. Comerford commented, “It has been a great privilege to work
with the people and customers of Haynes over the past 10
years. We rebuilt the foundation of the business, and I’m
proud of the work our people have done to develop the pipeline of
products and applications that I believe will be critical as we
look forward. I’ve known Mike Shor for almost 30 years, and I
believe he is the right person to step into this role at Haynes. I
will always be available to assist Mike and Haynes whenever I can
be of service.”
The Company will host a conference call
beginning at 9:00 a.m. Eastern Time on Tuesday, May 29, 2018. Mr.
Shor and Mr. Comerford will host the call and be available to
answer questions. To participate, please dial the
teleconferencing number shown below five minutes prior to the
scheduled conference time.
Date: Tuesday, May 29, 2018
Time: 9:00 a.m. Eastern Time
Dial-in
Numbers: |
877-407-8033 (Domestic) |
|
|
|
201-689-8033
(International) |
A live Webcast of the conference call will be available at
www.haynesintl.com.
For those unable to participate a teleconference
replay will be available from Tuesday, May 29, 2018 at 11:00 a.m.
Eastern Time, through 11:59 p.m. Eastern Time on June 28, 2019. To
listen to the replay, please dial:
Replay Access: |
877-481-4010 |
|
|
Conference: |
33494 |
A replay of the Webcast will also be available
at www.haynesintl.com.
About Haynes International
Haynes International, Inc. is a leading
developer, manufacturer and marketer of technologically advanced,
high performance alloys, primarily for use in the aerospace,
industrial gas turbine and chemical processing industries.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements that
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. All statements other than
statements of historical fact made in this press release are
forward-looking statements. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, including, without limitation,
those risk factors set forth in Item 1A of the Company’s Annual
Report on Form 10-K filed with the Securities and Exchange
Commission for the fiscal year ended September 30, 2017. Actual
results may differ materially from those in the forward-looking
statements as a result of various factors, many of which are beyond
the Company's control. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by law.
Contact:Daniel MaudlinVice President of
Financeand Chief Financial OfficerHaynes International,
Inc.765-456-6102
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