Communications Systems, Inc. Announces the Passing of its Founder, Curtis Sampson
July 17 2020 - 1:16PM
Business Wire
Communications Systems, Inc.
(NASDAQ: JCS) ("CSI" or the "Company"), an IoT intelligent edge
products and services company, announced today the passing of its
founder, Curtis Sampson. The entire CSI family mourns this
loss.
Mr. Sampson founded CSI in 1969 and took the Company public in
1981. As Chairman of CSI’s Board of Directors from the onset, he
played a pivotal role in guiding the Company from a start-up into
an established provider of telecommunications components, network
systems devices, and IT services. In 2018, he was named Chairman
Emeritus and served in this position until his retirement in May
2020.
Roger Lacey, CEO of CSI noted, “We are overcome with sadness as
we lost a true leader. His insights and wisdom significantly
influenced CSI’s growth and achievements over his five-decade
career with the Company. Curt was a great friend and colleague who
always brought a sense of fun and energy to every opportunity; we
will miss him. On behalf of our Board of Directors, management team
and employees, we extend our deepest sympathies to Curt’s
family.”
Mark D. Fandrich, CFO of CSI commented, “I am deeply saddened at
the passing of Curt. He has been a great mentor and advisor over
the years, and I will miss him a great deal.”
Randall D. Sampson, CSI’s board member noted, “I have learned a
great deal from my father, who was a mentor, role model and friend.
Every day I rely on the positive influence he had on my life and
business career.”
Mr. Sampson was born in 1933 in Hector, Minnesota and remained
there until his death. Mr. Sampson graduated from the University of
Minnesota in 1955 with a Business Administration degree. Mr.
Sampson worked as an accountant in Minneapolis for a short period
and then returned to Hector where he built Minnesota Central
Telephone, then Midwest Telephone Company, and in 1969 CSI. Later
in his career came North American Communications Corporation (NACC
II) and in 1990, under his leadership, CSI formed Hector
Communications Corporation, which was eventually sold in 2006, with
great returns to shareholders.
In 2012, Mr. Sampson was inducted into the Minnesota Business
Hall of Fame and awarded an Outstanding Achievement Award by the
University of Minnesota in 1996. Mr. Sampson also found time for
fun and regularly participated in the Minnesota Twins baseball
fantasy camp in Florida where in 2014 he won the Cy Young Award for
players over 50 – not bad for someone over 80 at the time!
Mr. Sampson is survived by wife Marian, daughter Susan, and sons
Randy, Paul and Russ along with 11 grandchildren and seven great
grandchildren.
About Communications Systems
Communications Systems, Inc., an IoT intelligent edge products
and services company, provides connectivity infrastructure and
services for global deployments of broadband networks. Focusing on
innovative, cost-effective solutions, CSI provides customers the
ability to deliver, manage, and optimize their broadband network
services and architecture. From the integration of fiber optics in
any application and environment to efficient home voice and data
deployments to optimization of data and application access, CSI
provides tools for maximum utilization of the network from the edge
to the user. With partners and customers in over 50 countries, CSI
has built a reputation as a reliable global innovator focusing on
quality and customer service. CSI operates Transition Networks,
Net2Edge, JDL Technologies, and Ecessa. For more information visit:
commsysinc.com.
Forward Looking Statement
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future financial
performance, future growth and future acquisitions. These
statements are based on Communications Systems’ current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties affecting the operation of Communications
Systems’ business. These risks, uncertainties and contingencies are
presented in the Company’s Annual Report on Form 10-K and, from
time to time, in the Company’s other filings with the Securities
and Exchange Commission. The information set forth herein should be
read in light of such risks. Further, investors should keep in mind
that the Company’s financial results in any particular period may
not be indicative of future results. Communications Systems is
under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200717005460/en/
Communications Systems, Inc. Mark D. Fandrich Chief Financial
Officer 952-582-6416 mark.fandrich@commsysinc.com
Roger H. D. Lacey Chief Executive Officer 952-996-1674
The Equity Group Inc. Lena Cati Vice President 212-836-9611
lcati@equityny.com
Devin Sullivan Senior Vice President 212-836-9608
dsullivan@equityny.com
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