Hardinge Inc. Appoints Ryan Levenson to Board of Directors
03 Novembro 2016 - 2:09PM
The Board of Directors of Hardinge Inc. (NASDAQ:HDNG), a leading
international provider of advanced metal-cutting solutions and
accessories, announced that it has appointed Ryan Levenson of
Privet Fund Management LLC, to serve as a Director. Privet
Fund Management currently owns 9.7% of the Company’s common stock
outstanding.
Richard L. Simons, President and CEO of Hardinge, stated on
behalf of the Board of Directors, “We welcome Ryan to the Board and
look forward to his contributions to our strategy to grow Hardinge
both organically and through acquisitions. We believe his
experience will complement the wealth of knowledge our Board
represents.”
Ryan Levenson is currently Principal and Portfolio Manager of
Privet Fund Management LLC. Mr. Levenson currently serves as
a director of Frequency Electronics, Inc (NASDAQ:FEIM) and Cicero,
Inc. (OTC:CICN). Previously, Mr. Levenson served as a
director of RELM Wireless, Inc., where he served as a member of the
Audit Committee, and as a director and member of the Compensation,
Organization and Corporate Governance Committee of Material
Sciences Corp. from May 2013 until its sale in March 2014.
Mr. Levenson also served as a member of the Board of
Directors and Compensation and Audit Committees of The Middleby
Corporation from May 2006 until November 2012. Prior to
founding Privet Fund Management LLC in February 2007, Mr. Levenson
served as Vice President of Business Development at MSI, a
privately held building products distributor and construction
services company, from 2003 until 2006. Prior to his service
with MSI, Mr. Levenson served as a financial analyst for Cramer
Rosenthal McGlynn's long/short equity hedge fund after working at
SAC Capital Advisors LLC in a similar capacity.
About Hardinge Hardinge is a leading global
designer and manufacturer of high precision, computer-controlled
machine tool solutions developed for critical, hard-to-machine
metal parts and of technologically advanced workholding
accessories. The Company’s strategy is to leverage its global
brand strength to further penetrate global market opportunities
where customers will benefit from the technologically advanced,
high quality, reliable products Hardinge produces. With
approximately two-thirds of its sales outside of North America,
Hardinge serves the worldwide metal working market.
Hardinge’s machine tool and accessory solutions can also be found
in a broad base of industries to include aerospace, agricultural,
automotive, construction, consumer products, defense, energy,
medical, technology and transportation.
Hardinge applies its engineering design and manufacturing
expertise in high performance machining centers, high-end
cylindrical and jig grinding machines, SUPER-PRECISION® and
precision CNC lathes and technologically advanced workholding
accessories. Hardinge has manufacturing operations in China,
France, Germany, India, Switzerland, Taiwan, the United Kingdom and
the United States.
The Company regularly posts information on its website:
www.hardinge.com.
Safe Harbor Statement This news release
contains forward-looking statements (within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended). Such statements
are based on management's current expectations that involve risks
and uncertainties. Any statements that are not statements of
historical fact or that are about future events may be deemed to be
forward-looking statements. For example, words such as "may,"
"will," "should," "estimates," "predicts," "potential," "continue,"
"strategy," "believes," "anticipates," "plans," "expects,"
"intends," and similar expressions are intended to identify
forward-looking statements. The Company's actual results or
outcomes and the timing of certain events may differ significantly
from those discussed in any forward-looking statements. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
For more information contact:
Company:
Douglas J. Malone
Chief Financial Officer
Phone: (607) 378-4140
Investor Relations:
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
Email: dpawlowski@keiadvisors.com
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