Allied Motion Announces Retirement and Appointment of Directors
DENVER -- February 19, 2013
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
“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
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 thesuccess
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.
Allied Motion Technologies Inc.
Rob Maida or Sue Chiarmonte, 303-799-8520
Press spacebar to pause and continue. Press esc to stop.