DDL Electronics Inc. agrees to expand board and elect five new directors; CEO and Chairman of the Board William E. Cook resigns from all positions.ROSEMONT, Ill.--(BUSINESS WIRE)--June 1, 1995--At the annual meeting of stockholders of DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. Electronics Inc. (NYSE NYSE See: New York Stock Exchange :DDL) held in Rosemont May 31, the company's board of directors agreed to relinquish control of the board to a slate of new directors supported by a majority of the company's shareholders; and, William E. Cook, the company's chairman and chief executive officer, agreed to resign. The new board of directors, which is most optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op over the future prospects for the company, comprised of Bernee D. L. Strom, Melvin Foster Melvin Foster (born February 23, 1971 in Washington, DC) was a heavyweight boxer best known for his stellar amateur boxing career. Professional Career Known as "Top Gun", Witherspoon turned pro in 1992 and remained undefeated until losing to Trevor Berbick in 1994. , Robert G. Wilson, Philip H. Alspach, Don A. Raig, and Erven Tallman will work as a team pursuing an aggressive program of sustained, profitable growth. This team strategy of the new board will allow the company to focus on: 1. Increasing the company's revenues and eliminating non-productive expenses resulting in an improved financial performance for the company; 2. Implementing a program of mergers and acquisitions of public and private companies in the PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. and SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management industries and developing strategic alliances in the back plane and flex technology areas; an 3. Fulfilling the ultimate commitment of enhancing shareholder value. DDL Electronics Inc. corporate office is located at 7320 SW Hunziker Road, Suite 300, Tigard, Ore., 97223-2302. Telephone 503/620-1789, fax 503/620-1676. CONTACT: DDL Electronics Inc. M. Charles Van Rossen, 503/620-1789 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion