Houston Wire & Cable Company Elects David Nierenberg to its Board of Directors, Makes Other Governance Changes
“The D3 Family Funds have been our largest shareholder for some time now,” said
In conjunction with Mr. Nierenberg’s election, the board will be expanded to eight directors. For the
Finally, to further align directors’ interests with other shareholders, the Board of Directors has determined that, effective with the Annual Meeting of Stockholders, all director compensation will be paid in equity. This change is subject to the stockholders approving additional shares for the 2017 Stock Plan at the Annual Meeting.
About the Company
With 44 years’ experience in the industry,
Standard stock items available for immediate delivery include continuous and interlocked armor cable; instrumentation cable; medium voltage cable; high temperature wire; portable cord; power cable; primary and secondary aluminum distribution cable; private branded products, including LifeGuard™, a low-smoke, zero-halogen cable; mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings; corrosion resistant fasteners, hose clamps, and rivets.
Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized online ordering capabilities and 24/7/365 service.
Kayla DraperInvestor Relations Coordinator & Assistant to the CEO Direct: 713.609.2227 Fax: 713.609.2168 email@example.com
Source: Houston Wire & Cable