Allied Motion Technologies Inc. (NASDAQ: AMOT) announced that on
February 16, 2013 George Pilmanis retired from the Board of Directors,
effective at the end of the meeting held on that day and the Board
appointed William P. Montague to fill the vacancy created by such
retirement.
Mr. Montague served as Chief Executive Officer of Mark IV Industries,
Inc., a leading global diversified manufacturer of highly engineered
systems and components for transportation infrastructure, vehicles and
equipment, from November 2004 until his retirement on July 31, 2008 and
as Director from March 1996. He joined Mark IV Industries in April 1972
as Treasurer/Controller, serving as Vice President of Finance from May
1974 to February 1986, then Executive Vice President and Chief Financial
Officer from February 1986 to March 1996 and then as President from
March 1996 to November 2004. Mr. Montague is also a director of
Gibraltar Industries, Inc., a publicly traded manufacturer and
distributor of products for the building and industrial markets, Endo
Health Solutions Inc., a publicly traded specialty healthcare solutions
company focused on branded and generic pharmaceuticals, devices and
services, and International Imaging Materials, Inc., a privately held
company that manufactures and sells a variety of thermal transfer
ribbons and certain inks.
“We would like to thank George Pilmanis for his contributions during his
nineteen years on the board and welcome Bill Montague to the board and
look forward to the contribution he will make to the success of the
Company and to the accomplishment of our strategic goals and
objectives,” commented Dick Smith, Executive Chairman of the Board.
Headquartered in Denver, Colorado, Allied Motion designs, manufactures
and sells motion control products into applications that serve many
industry sectors. Allied Motion is a leading supplier of precision and
specialty motion control components and systems to a broad spectrum of
customers throughout the world.
The statements in this press release that relate to future plans, events
or performance are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that may
cause actual results of the Company to differ materially from the
forward-looking statements. The risks and uncertainties include
international, national and local general business and economic
conditions in the Company’s motion markets as well as the success of new
corporation strategies and implementation of defined critical issues
designed for growth and improvement in profits. Readers are cautioned
not to place undue reliance on these forward-looking statements as a
prediction of actual results. The Company has no obligation or intent to
release publicly any revisions to any forward looking statements,
whether as a result of new information, future events, or otherwise.
