AgriBioTech Inc. elects James W. Hopkins to its board of directors.LAS VEGAS--(BUSINESS WIRE)--Jan. 15, 1997--Dr. Johnny R. Thomas, 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. of AgriBioTech Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABTX) Wednesday announced that James W. Hopkins has been elected to its board of directors. Hopkins is replacing Byron Ford as a director and he has agreed to serve on the audit committee and compensation committee. As previously announced Ford accepted a full time position with AgriBioTech as vice president, corporate development & strategic planning effective Jan. 15. As disclosed in the company's Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for its Feb. 24, 1997 Annual Meeting of Stockholders, Ford resigned as a member of the board of directors Wednesday and the persons named in the proxy intend to vote all proxies, not specified to the contrary, in favor of the company's designee des·ig·nee n. A person who has been designated. of Hopkins as Ford's replacement. Hopkins, 62, has over 30 years experience in the seed industry. From January 1994 to July 1996 he served as vice president, Mycogen Corp. and general manager of Mycogen Seeds (NASDAQ:MYCO MYCO Museum of York County (South Carolina) ). As corporate vice president for Mycogen Corp. he worked on strategic alliances, joint ventures, acquisitions and mergers and was responsible for all global seed activities including companies in France, Italy and Argentina. As general manager for Mycogen Seeds, he was responsible for consolidating four autonomous operating companies with seven product brands into one unified company with one product brand. From 1963 to 1992, Hopkins had a wide variety of responsibilities with four different seed companies. He has extensive experience in the summer annual forage crops, such as forage sorghums and sorghum sorghum, tall, coarse annual (Sorghum vulgare) of the family Gramineae (grass family), somewhat similar in appearance to corn (but having the grain in a panicle rather than an ear) and used for much the same purposes. sudan grass Sudan grass: see sorghum. hybrids, which are an important part of AgriBioTech's forage program. According to Thomas, Hopkins' extensive experience in the integration and operation of acquisitions into one unified seed company will be a great value to AgriBioTech as the company continues to integrate its 11 acquisitions into one vertically integrated company. ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff is a fully integrated full service seed company specializing in the forage and turf seed sector, complete with research & development of proprietary seed varieties, seed processing plants, and a national distribution and sales network. The company has completed 11 acquisitions since Jan. 1, 1995 and is now the fourth largest forage seed company in the United States. CONTACT: AgriBioTech Inc., Las Vegas John C. Francis, 702/798-1969 or Liviakis Financial Communications Robert B. Prag, 916/448-6084 |
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