Hillman Announces Directors from Private Equity Firm Step Down from Board Following Final Share Sale
2023年5月12日 - 9:30PM
Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or
“Hillman”), a leading provider of hardware products and
merchandising solutions, announced that Joseph Scharfenberger, Jr.,
Co-Managing Partner of CCMP Capital (“CCMP”), and Richard Zannino,
Managing Director of CCMP, have stepped down from Hillman’s board
of directors, effective May 11, 2023.
The change follows CCMP, a private equity firm,
exiting its position in Hillman’s stock through a secondary
offering, which is expected to close on May 15, 2023. During the
offering, CCMP sold its remaining 22,455,000 shares and is no
longer a shareholder.
Since CCMP’s initial investment in Hillman in 2014,
sales have doubled to approximately $1.5 billion in 2022. During
their time as owners, CCMP made meaningful investments into
Hillman’s high-margin Robotics & Digital business and
distribution network, allowing Hillman to provide best-in-class
services to its blue-chip customer base.
Hillman’s Chairman and CEO Doug Cahill commented,
“We are a better company today because of the leadership that Joe
and Rich provided the management team over the past nine years. We
are grateful for the support and investments from CCMP, which were
vital to our growth and success. We look forward to continuing to
build on our legacy of best-in-class customer service as well as
our long-term track record of growth.”
Following the changes, the Hillman Board of
Directors consists of eight board members, seven of which are
independent.
About HillmanFounded in 1964 and
headquartered in Cincinnati, Ohio, Hillman is a leading North
American provider of complete hardware solutions, delivered with
industry best customer service to over 40,000 locations. Hillman
designs innovative product and merchandising solutions for complex
categories that deliver an outstanding customer experience to home
improvement centers, mass merchants, national and regional hardware
stores, pet supply stores, and OEM & Industrial customers.
Leveraging a world-class distribution and sales network, Hillman
delivers a “small business” experience with “big business”
efficiency. For more information on Hillman, visit
www.hillmangroup.com.
Forward Looking StatementsAll
statements made in this press release that are consider to be
forward-looking are made in good faith by the Company and are
intended to qualify for the safe harbor from liability established
by Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the Private Securities
Litigation Reform Act of 1995. You should not rely on these
forward-looking statements as predictions of future events. Words
such as "expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," “target”, “goal”, "may," "will,"
"could," "should," "believes," "predicts," "potential," "continue,"
and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include, without limitation, the Company’s expectations with
respect to future performance. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside the Company's control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) unfavorable economic
conditions that may affect operations, financial condition and cash
flows including spending on home renovation or construction
projects, inflation, recessions, instability in the financial
markets or credit markets; (2) increased supply chain costs,
including raw materials, sourcing, transportation and energy; (3)
the highly competitive nature of the markets that we serve; (4) the
ability to continue to innovate with new products and services; (5)
seasonality; (6) large customer concentration; (7) the ability to
recruit and retain qualified employees; (8) the outcome of any
legal proceedings that may be instituted against the Company; (9)
adverse changes in currency exchange rates; (10) the impact of
COVID-19 on the Company’s business; or (11) regulatory changes and
potential legislation that could adversely impact financial
results. The foregoing list of factors is not exclusive, and
readers should also refer to those risks that are included in the
Company’s filings with the Securities and Exchange Commission
(“SEC”), including this Annual Report on Form 10-K filed on
February 27, 2023. Given these uncertainties, current or
prospective investors are cautioned not to place undue reliance on
any such forward looking statements.Except as required by
applicable law, the Company does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements in this communication
to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is
based.
Contact:Michael KoehlerVice
President of Investor Relations &
Treasury513-826-5495IR@hillmangroup.com
Hillman Solutions (NASDAQ:HLMN)
過去 株価チャート
から 4 2024 まで 5 2024
Hillman Solutions (NASDAQ:HLMN)
過去 株価チャート
から 5 2023 まで 5 2024