ALAMO GROUP INC. ANNOUNCES EXPANSION OF BOARD OF DIRECTORS; DAVID H. MORRIS AND JAMES B. SKAGGS APPOINTED AS NEW MEMBERS.SEGUIN, Texas--(BUSINESS WIRE)--April 30, 1996--Alamo Group Inc. (NYSE NYSE See: New York Stock Exchange :ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there ) today announced that its shareholders approved a Board of Directors' resolution to increase the number of Board members from five to seven at the Company's Annual Meeting of Stockholders held earlier today in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . Its shareholders then approved the election of David H. Morris and James B. Skaggs as the new members and subsequently ratified the election of the seven member Board of Directors. Further information is included in the Company's proxy statement as filed with the SEC. The proxy statement can be obtained through the SEC or by contacting the Company. David H. Morris retired as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and a member of the Board of The Toro Company (NYSE:TTC) in November, 1995. Prior to retiring, he was with The Toro Company for over 16 years. Mr. Morris currently serves on the Board of Directors of Inter-City Products Corporation (AMEX AMEX See: American Stock Exchange :IPR) based in Toronto and Sensory Integration International of Torrance, California. James B. Skaggs has served as President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Director of Tracor, Inc. (Nasdaq:TTRR TTRR Technology Test Readiness Review TTRR Technical Test Readiness Review TTRR Trainer Test Results Report ) since November, 1990. Since December, 1993, Mr. Skaggs has also held the position of Chairman of the Company. Previously, Mr. Skaggs was President of AMEX Systems until it was acquired by AlliedSignal Corporation where he became the President of their Electronic Systems Division. Donald J. Douglass, Chairman and CEO of Alamo Group, commented: "The Board's decision to expand its capacity will allow our Company to draw upon the advice of a more diverse group of individuals each bringing an informed, individualized, perspective to assist with the strategic direction of Alamo Group. Mr. Morris and Mr. Skaggs' breadth of knowledge and their operations management experience will serve to guide Alamo Group as we continually seek to improve our Company." Alamo Group is a leader in the design, manufacturing and distribution of heavy duty, tractor-mounted mowing and growth maintenance equipment in North America and Europe. The Company has 966 employees in the U.S., 313 in the U.K. and 61 in continental Europe, and operates ten manufacturing facilities. The corporate offices of Alamo Group (USA) are located in Seguin, Texas, near San Antonio. The headquarters for Alamo Group (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) is in Salford Priors, England, near Birmingham. CONTACT: Alamo Group Inc. Don Douglass Chairman and Chief Executive Officer 210-226-1339 or 203-966-0621 -OR- June Filingeri/Robert Weiner Media Contact: Stan Froelich Morgen-Walke Associates 212-850-5600 |
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