Haynes International (NASDAQ GS: HAYN), a leading developer,
manufacturer and marketer of technologically advanced
high-performance alloys, today announced Marlin (Marty) C. Losch
III has been named Chief Operating Officer of Haynes International,
effective July 1st.
In this newly created position, Losch will have
responsibility for all commercial and operational activities for
the Company. Losch will report directly to Michael Shor, President
and Chief Executive Officer of Haynes.
“For more than 35 years, Marty has been a true
cornerstone at Haynes, playing a crucial role in helping to develop
and execute our strategy and cementing Haynes’ success as a leader
in our industry,” said Michael Shor, President and Chief Executive
Officer of Haynes. “As someone with decades of extensive knowledge
of our business and operations, the trust of our dedicated
customers and support of our workforce, I am confident that Marty
is uniquely suited to take on this expanded leadership position at
this important time for our company as we continue to work towards
closing our previously announced transaction with North American
Stainless, a division of Acerinox.”
Haynes has initiated a search to identify
candidates to fill Mr. Losch’s prior role as Vice President of
Sales and Distribution. The Company expects to fill this role in
the coming months and in the meantime, Mr. Losch will continue to
lead and support the Sales and Distribution team to ensure a smooth
transition.
“It is an honor to step into this role as we
embark on this exciting next phase of growth for our company,” said
Mr. Losch. “I am immensely proud of Haynes and our people, and the
success we’ve achieved together. I am confident in our ability to
continue providing our customers with the high-quality products and
services they have come to expect. In this new capacity, I look
forward to working with our talented group of employees at
Haynes.”
Having joined Haynes in 1988, Mr. Losch brings
nearly four decades of experience from various operational roles of
increasing responsibility, most recently as Vice President of Sales
and Distribution. In this capacity he was responsible for sales and
distribution worldwide and transformed the department into a
world-class service-oriented organization. Prior to that, he was
the Vice President of North American Sales for three years after
serving as the Regional Manager of the Company’s Midwest
operations. He has also held various marketing, quality
engineering, and production positions. Marty received his B.S.
Material Engineering from Virginia Tech in 1983 and a Masters in
Manufacturing Management from GMI in 1996.
The Company also announced that David L.
Strobel, Vice President of Kokomo Operations will be retiring in
early 2025. Mr. Strobel has been serving as the Company’s Vice
President of Kokomo Operations since September 2018, leading the
operations team’s safety, quality, and process improvement
initiatives. Prior to Haynes, Mr. Strobel served as a consultant to
manufacturing companies and held various executive positions at
Carpenter Technology Corporation.
Michael Shor, President and Chief Executive
Officer of Haynes, added, “I want to thank Dave Strobel, who will
be retiring from the Company in early 2025 after six years of
incredible service. Dave brought immense knowledge, expertise, and
industry insights to Haynes, having spent over 40 years in the
specialty alloy industry. He will be missed by his team, the
company and myself.”
Haynes has begun a search to identify a
replacement for Mr. Strobel, which the Company expects to fill in
the coming months. Until his retirement, Mr. Strobel will work
alongside his successor to ensure a smooth transition and
successful integration with NAS and Acerinox.
About Haynes International
Haynes International, Inc. is a leading
developer, manufacturer, and marketer of technologically advanced,
high-performance alloys, primarily for use in the aerospace,
industrial gas turbine and chemical processing industries.
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. All statements other than
statements of historical fact, including statements regarding
market and industry prospects and future results of operations or
financial position, made in this press release are forward-looking.
In many cases, you can identify forward-looking statements by
terminology, such as “may”, “should”, “expects”, “intends”,
“plans”, “anticipates”, “believes”, “estimates”, “predicts”,
“potential” or “continue” or the negative of such terms and other
comparable terminology. Statements in this communication that are
forward looking may include, but are not limited to, statements
regarding the benefits of the proposed acquisition of the Company
by Parent and the associated integration plans, expected synergies
and capital expenditure commitments, anticipated future operating
performance and results of the Company, the expected management and
governance of the Company following the acquisition and expected
timing of the closing of the proposed acquisition and other
transactions contemplated by the Merger Agreement.
There may also be other statements of
expectations, beliefs, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that
are not historical facts. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are difficult to
predict and are generally outside the Company’s control, that could
cause actual performance or results to differ materially from those
expressed in, or implied or projected by, the forward-looking
statements. Such risks and uncertainties include, but are not
limited to: the occurrence of any event, change or other
circumstance that could give rise to the right of the Company or
Parent or both of them to terminate the Merger Agreement, including
circumstances requiring a party to pay the other party a
termination fee pursuant to the Merger Agreement; the failure to
obtain applicable regulatory approvals in a timely manner or
otherwise; the risk that the acquisition may not close in the
anticipated timeframe or at all due to one or more of the other
closing conditions to the transaction not being satisfied or
waived; the risk that there may be unexpected costs, charges or
expenses resulting from the proposed acquisition; risks that the
proposed transaction disrupts the Company’s current plans and
operations; the risk that certain restrictions during the pendency
of the proposed transaction may impact the Company’s ability to
pursue certain business opportunities or strategic transactions;
risks related to disruption of each company’s management’s time and
attention from ongoing business operations due to the proposed
transaction; continued availability of capital and financing and
rating agency actions; the risk that any announcements relating to
the proposed transaction could have adverse effects on the market
price of the Company’s common stock, credit ratings or operating
results; the risk that the proposed transaction and its
announcement could have an adverse effect on the ability of the
Company to retain and hire key personnel, to retain customers and
to maintain relationships with each of their respective business
partners, suppliers and customers and on their respective operating
results and businesses generally; the risk of litigation that could
be instituted against the parties to the Merger Agreement or their
respective directors, managers or officers and/or regulatory
actions related to the proposed acquisition, including the effects
of any outcomes related thereto; risks related to unpredictable and
severe or catastrophic events, including but not limited to acts of
terrorism, war or hostilities, cyber attacks, or the impact of the
COVID-19 pandemic or any other pandemic, epidemic or outbreak of an
infectious disease in the United States or worldwide on the
Company’s business, financial condition and results of operations,
as well as the response thereto by each company’s management; and
other business effects, including the effects of industry, market,
economic, political or regulatory conditions.
Also, the Company’s actual results may differ
materially from those contemplated by the forward-looking
statements for a number of additional reasons as described in the
Company’s filings with the SEC, including those set forth in the
Risk Factors section and under any “Forward-Looking Statements” or
similar heading in the Company’s most recently filed Annual Report
on Form 10-K filed November 16, 2023, the Company’s Definitive
Proxy Statement filed March 18, 2024 and the Company’s Current
Reports on Form 8-K.
The Company has based these forward-looking
statements on its current expectations and projections about future
events. Although the Company believes that the assumptions on which
the forward-looking statements contained herein are based are
reasonable, any of those assumptions could prove to be inaccurate.
As a result, the forward-looking statements based upon those
assumptions also could be incorrect. Except to the extent required
by law, the Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. These forward-looking
statements speak only as of the date hereof.
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Contact: |
Susan Perry |
|
Vice President of Human Resources |
|
Haynes International, Inc. |
|
765-434-7654 |
Haynes (NASDAQ:HAYN)
過去 株価チャート
から 10 2024 まで 11 2024
Haynes (NASDAQ:HAYN)
過去 株価チャート
から 11 2023 まで 11 2024