AKRON, Ohio, Dec. 15, 2014 /PRNewswire/ -- A. Schulman,
Inc. (Nasdaq-GS: SHLM) announced that its shareholders elected 10
directors to one-year terms at its 2014 Annual Meeting of
Stockholders, which was held on Friday,
December 12, 2015. Following the meeting, the Board of
Directors reappointed Joseph M.
Gingo as Chairman.
As previously announced, Gingo is retiring as President and
Chief Executive Officer of the Company, effective December 31, 2014. Bernard Rzepka will become the new President and
Chief Executive Officer on January 1,
2015.
The Board, which previously consisted of 11 directors, has been
reduced to 10. Former directors Howard R. Curd and John
B. Yasinsky have retired from the Board. Bernard Rzepka was elected to the Board at
Friday's meeting of shareholders.
"We extend our deepest appreciation to Howard and John for their
valuable service, and we welcome Bernard as the newest member of
our Board," Gingo said. "As Chairman, I look forward to
partnering with Bernard and our talented management team to
continue to drive profitable global growth and shareholder value at
A. Schulman.
"We thank Joe for his visionary leadership as Chairman,
President and Chief Executive Officer since 2008," Rzepka
said. "Today, A. Schulman holds a strong position in its key
global markets and excellent prospects for continued strategic
growth through our organic initiatives as well as our ongoing
pursuit of potential acquisitions."
At today's meeting, the shareholders elected the following to
the Board:
- Eugene R. Allspach
- Gregory T. Barmore
- David G. Birney
- Joseph M. Gingo
- Michael A. McManus, Jr.
- Lee D. Meyer
- James A. Mitarotonda
- Ernest J. Novak, Jr.
- Dr. Irvin D. Reid
- Bernard Rzepka
In addition, shareholders approved proposals to:
- Ratify the selection of PricewaterhouseCoopers LLP as the
Company's independent registered public accounting firm for the
fiscal year ending August 31,
2015.
- Approve, on an advisory basis, the compensation of the
Company's named executive officers.
- Approve the Company's 2014 equity incentive plan.
About A. Schulman, Inc.
A. Schulman, Inc. is a leading
international supplier of high-performance plastic compounds and
resins headquartered in Akron,
Ohio. Since 1928, the Company has been providing innovative
solutions to meet its customers' demanding requirements. The
Company's customers span a wide range of markets such as packaging,
mobility, building & construction, electronics &
electrical, agriculture, personal care & hygiene, sports,
leisure & home, custom services and others. The Company
employs approximately 3,900 people and has 43 manufacturing
facilities globally. A. Schulman reported net sales of
approximately $2.5 billion for the
fiscal year ended August 31, 2014.
Additional information about A. Schulman can be found at
www.aschulman.com.
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SOURCE A. Schulman, Inc.