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WILLIAMS CONTROLS INSTALLS EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)

 WILLIAMS CONTROLS INSTALLS EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)
 PORTLAND, Ore., Dec. 23 /PRNewswire/ -- Williams Controls Inc. ("Williams") (NASDAQ: WMCO) said today that its board of directors has established an Employee Stock Ownership Plan ("ESOP") for its salaried employees. It is in full compliance with ERISA. Thomas Itin, chairman, said that the ESOP has been funded and may purchase from time to time common stock of Williams through open market transactions or purchase authorized, unissued shares of stock in the company directly from Williams.
 Additionally, the company's salaried and hourly pension plans and the salaried employee 401(k) plan also may purchase authorized, unissued shares of stock in the company directly from Williams or from time to time in the open market.
 Williams Controls manufactures and sells a wide range of pneumatic, electronic and hydraulic controls for the truck, bus, mining, construction and refuse collection markets. Its product lines include approximately 400 different pneumatic products as well as exhaust brakes and specialized electronic and hydraulic products which are sold nationwide and in foreign countries.
 -0- 12/23/91
 /CONTACT: Thomas W. Itin, 313-851-5651, or Joseph W. Hovorka, 303-290-9371, both of Williams Controls/
 (WMCO) CO: Williams Controls Inc. ST: Oregon, Colorado IN: SU:


MC -- DV002 -- 4720 12/23/91 09:15 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:210
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