Printer Friendly

ELECTROSOURCE BOARD ELECTS DIRECTORS, OFFICERS; SETS RECORD AND ANNUAL SHAREHOLDER MEETING DATES

 ELECTROSOURCE BOARD ELECTS DIRECTORS, OFFICERS;
 SETS RECORD AND ANNUAL SHAREHOLDER MEETING DATES
 AUSTIN, Texas, Feb. 13 /PRNewswire/ -- In a special meeting of the board of directors (Wednesday evening, Feb. 12) of Electrosource, Inc. (NASDAQ: ESLI), three outside directors and two corporate officers were elected and dates related to the annual meetings of Electrosource shareholders were set.
 Charles L. Mathews, chairman of Electrosource, announced election to the board of John D. Malone, Robert M. Trembath and Donald S. Thomas. Malone is a partner in the Waco, Texas, law firm of Clark, Malone, Knapp & Raybold. Trembath is an Austin, Texas, private investor associated with Blanyer Mathews & Associates, Inc., the firm which developed the patented coextrusion technology used exclusively by Electrosource in its construction of advanced lead-acid batteries. Thomas is a shareholder in the Austin, Texas, law firm of Clark, Thomas, Winters & Newton. Thomas and Benny E. Jay formed Battery Horizons, Ltd., the partnership which acquired controlling interest in the company on Jan. 16, 1992. Jay is director and the new president and CEO of the company.
 Newly elected corporate officers are Ajoy Datta and Audrey T. Dearing. Datta, a former Electrosource officer, was elected vice president for product development. Dearing, the company's founding corporate secretary from 1987-1988, was re-elected to that office.
 Thomas S. Wilson of Chicago, Ill., an investment banker and Electrosource shareholder, became the initial appointee to the newly created board advisory group.
 "That team of officers, directors and advisor, each of whom has longtime, direct experience with our corporate goals and objectives, greatly enhances our ability to move forward. We are well positioned to capitalize on the potential of our proprietary battery-related technologies for application in advanced battery products," Mathews said.
 In other board action, a record date of March 23, 1992, was set for the annual meeting of shareholders, scheduled for 10:00 a.m., Wednesday, May 20, 1992. The annual meeting will be held at the Electrosource headquarters located at 3800-B Drossett Drive, Austin, Texas.
 -0- 2/13/92
 /CONTACT: Audrey T. Dearing, corporate secretary of Electrosource, 512-445-6606/
 (ESLI) CO: Electrosource, Inc. ST: Texas IN: SU: PER


JT -- NY117 -- 0019 02/13/92 18:19 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 13, 1992
Words:359
Previous Article:KAUFMAN AND BROAD HOME CORP. FILES FOR SECONDARY OFFERING OF SPECIAL COMMON STOCK
Next Article:EDUCATION ALTERNATIVES REPORTS SECOND QUARTER OPERATING RESULTS
Topics:


Related Articles
ELECTROSOURCE TO SELL PREFERRED STOCK, CANCEL MERGER PLAN
ELECTROSOURCE BOARD ELECTS NEW DIRECTOR AND APPOINTS ADVISOR TO THE BOARD
ELECTROSOURCE BOARD ELECTS NEW DIRECTOR
ELECTROSOURCE ANNOUNCES REGISTRATION OF SECONDARY OFFERING
ELECTROSOURCE BOARD MEMBER RECEIVES HIGHEST U.S. SCIENCE AWARD
ELECTROSOURCE HORIZON(R) BATTERY EXCEEDS EPRI CRITERIA
ELECTROSOURCE AND BLACK & DECKER ENTER JOINT DEVELOPMENT AGREEMENT
Semmens Resigns as Electrosource Chief Executive Officer.
Changes in Electrosource Board of Directors.
New Management at Electrosource.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters