Walter Industries, Inc. Announces Appointment of Joseph B. Leonard to its Board of Directors
2009年2月3日 - 9:00AM
PRニュース・ワイアー (英語)
- Mark J. O'Brien, Chairman and CEO of JWH Holding Company, LLC,
Decides Not to Stand for Re-Election to Walter Industries' Board -
TAMPA, Fla., Feb. 2 /PRNewswire-FirstCall/ -- Walter Industries,
Inc. (NYSE: WLT), a leading producer and exporter of U.S.
metallurgical coal for the global steel industry, announced today
that Joseph B. Leonard has been appointed to the board of directors
of the Company. Leonard previously served on the Walter Industries
Board of Directors from 2005 to 2007. "Joe was an outstanding
member of our Board during his previous term and we welcome him
back with open arms," said Walter Industries Chairman Michael T.
Tokarz. Leonard also serves on the boards of Mueller Water
Products, Inc. and Air Canada, of which he has been a member since
2006 and 2008, respectively. He was chairman of AirTran Holdings,
Inc. from 2007 to 2008 and chairman and chief executive officer of
that Company from 1999 to 2007, as well as its President from 1999
through 2001. He had previously served in various executive
capacities for AlliedSignal in its aerospace division and, prior to
that, in various executive positions in the airline industry. The
Company also announced that Board Member Mark J. O'Brien, chairman
and chief executive officer of JWH Holding Company, the Company's
soon-to-be separated Financing business, would not stand for
re-election to the Board. He will serve until the Company's next
annual meeting. "While we are sorry to see Mark leave our board, we
understand his desire to focus his energy, efforts and attention on
the forthcoming separation and future leadership of the Financing
business following our planned spin-off of that company," said
Tokarz. "We wish him well in that endeavor." O'Brien has been a
director of the Company since 2005. In March 2006, he was named
Chairman and Chief Executive Officer of JWH Holding Company, LLC.
O'Brien has served as president and chief executive officer of
Brier Patch Capital and Management, Inc., a real estate investment
firm, since 2004. He also served in various capacities at Pulte
Homes, Inc. for 21 years, culminating in his appointment as
president and chief executive officer. He retired from that
position in 2003. O'Brien also is a director of Mueller Water
Products, Inc. Additional Information and Where to Find It In
connection the proposed spin-off of the Financing business, JWH
Holding Company, LLC, a wholly-owned subsidiary of Walter
Industries, Inc. and the proposed merger with Hanover Capital
Mortgage Holdings, Inc. and certain related transactions, Hanover
Capital Mortgage Holdings, Inc. filed a registration statement on
Form S-4 containing a preliminary proxy statement/prospectus with
the SEC (Registration No. 333-155091), and Hanover Capital Mortgage
Holdings, Inc. will be filing other documents regarding the
proposed transaction with the SEC as well. BEFORE MAKING ANY VOTING
OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE FINAL PROXY
STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY
OTHER RELEVANT DOCUMENTS CAREFULLY IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. The final proxy
statement/prospectus will be mailed to stockholders of Hanover
Capital Mortgage Holdings, Inc. and Walter Industries, Inc.
Stockholders will be able to obtain a free copy of the proxy
statement/prospectus, as well as other filings containing
information about Hanover Capital Mortgage Holdings, Inc. and
Walter Industries, Inc., without charge, at the SEC's Internet site
(http://www.sec.gov/). Copies of the proxy statement/prospectus and
the filings with the SEC that will be incorporated by reference in
the proxy statement/prospectus can also be obtained, without
charge, at Hanover Capital Mortgage Holdings, Inc.'s Web site
(http://www.hanovercapitalholdings.com/). Walter Industries and
Hanover and their respective directors and executive officers and
other persons may be deemed to be participants in the solicitation
of proxies in respect of the proposed merger and related
transactions. Information regarding Walter Industries' directors
and executive officers is available in Walter Industries' proxy
statement for its 2008 annual meeting of stockholders and Walter
Industries' 2007 Annual Report on Form 10-K, which were filed with
the SEC on March 19, 2008, and March 7, 2008, respectively, and
information regarding Hanover's directors and executive officers is
available in Hanover's proxy statement for its 2008 annual meeting
of stockholders and Hanover's 2007 Annual Report on Form 10-K,
which were filed with the SEC on April 24, 2008, and April 2, 2008,
respectively. Other information regarding the participants in the
proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, is contained in
Hanover's proxy statement/prospectus and other materials referred
to in Hanover's proxy statement/prospectus. About Walter
Industries, Inc. Walter Industries, Inc., based in Tampa, Fla., is
a leading producer and exporter of metallurgical coal for the
global steel industry and also produces steam coal, coal bed
methane gas, furnace and foundry coke and other related products.
Walter Industries has annual revenues of approximately $1.4 billion
and employs approximately 2,400 people. For more information about
Walter Industries, please visit Walter Industries' Web site at
http://www.walterind.com/. Safe Harbor Statement Except for
historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, including expressions such as
"believe," "anticipate," "expect," "estimate," "intend," "may,"
"will," and similar expressions involve known and unknown risks,
uncertainties, and other factors that may cause Walter Industries'
or Hanover's actual results in future periods to differ materially
from the expectations expressed or implied by such forward-looking
statements. These factors include, among others, the following: the
market demand for Walter Industries' and Hanover's products as well
as changes in costs and the availability of raw material, labor,
equipment and transportation; changes in weather and geologic
conditions; changes in extraction costs, pricing and assumptions
and projections concerning reserves in Walter Industries' mining
operations; changes in customer orders; pricing actions by Walter
Industries' and Hanover's competitors, customers, suppliers and
contractors; changes in governmental policies and laws; further
changes in the mortgage-backed capital markets; changes in general
economic conditions; and the successful implementation and
anticipated timing of any strategic actions and objectives that may
be pursued, including the announced separation of the Financing
business from Walter Industries and strategic alternatives that may
be pursued related to Walter Industries' Homebuilding business. In
particular, the separation of Walter Industries' Financing business
is subject to a number of closing conditions which may be outside
of Walter Industries' control. Forward- looking statements made by
Walter Industries' in this release, or elsewhere, speak only as of
the date on which the statements were made. Any forward-looking
statements should be considered in context with the various
disclosures made by Walter Industries and Hanover about our
respective businesses, including the Risk Factors described in
Walter Industries' 2007 Annual Report on Form 10-K, the Risk
Factors described in Hanover's 2007 Annual Report on Form 10-K, and
each of Walter Industries' and Hanover's other filings with the
Securities and Exchange Commission. Neither Walter Industries nor
Hanover undertakes any obligation to update its forward-looking
statements as of any future date.
http://www.newscom.com/cgi-bin/prnh/20020429/FLM010LOGO-c
http://photoarchive.ap.org/ DATASOURCE: Walter Industries, Inc.
CONTACT: Investors: Mark Tubb, Vice President - Investor Relations,
+1- 813-871-4027, ; Media: Michael A. Monahan, Director - Corporate
Communications, +1-813-871-4132, Web site:
http://www.walterind.com/ http://www.hanovercapitalholdings.com/
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