Lindsay Corporation Appoints Brunner to Board of Directors
OMAHA, Neb. -- June 7, 2013
Lindsay Corporation (NYSE: LNN) announced today that Robert E. Brunner has
been appointed to its board of directors for a term which will expire in 2015.
Brunner, 55, has over 30 years of manufacturing and management experience with
Illinois Tool Works Inc. (NYSE: ITW). He served as Executive Vice President of
ITW from 2006 until his retirement in 2011. From 2008 to 2011 he was
responsible for Worldwide Construction Products, a $2 billion group comprised
of over 100 business units in 32 countries. From 2006 to 2008 he led one of
ITW’s Global Automotive groups with revenues of nearly $1 billion across 37
business units on six continents. He held various positions of increasing
responsibility in ITW’s automotive fastener business, as well as other general
management positions in sales and marketing, new product development,
operations and strategic planning from 1980 to 2006.
Brunner currently serves on the board of directors of Leggett & Platt, Inc.
(NYSE: LEG), a diversified manufacturer of a broad variety of engineered
components and products found in most homes, offices, and automobiles. He
serves as a member of its Audit and Compensation Committees. Brunner also
serves as a director of NN, Inc. (NASDAQ: NNBR), a global manufacturer of
precision bearings and plastic, rubber and metal components. He serves as
Chairman of its Governance Committee and is a member of its Audit Committee.
Brunner received a Bachelor of Science in Finance from the University of
Illinois at Urbana-Champaign and a Masters Degree in Business Administration
from Baldwin-Wallace University.
"We are very pleased to have Bob join the Board as an independent director,"
said Michael N. Christodolou, Lindsay's chairman. "His strong background in
manufacturing, international markets and acquisitions, combined with his
corporate governance experiences serving on public company boards, will allow
him to make significant contributions to Lindsay's continued success."
About the Company
Lindsay manufactures and markets irrigation equipment primarily used in
agricultural markets which increase or stabilize crop production while
conserving water, energy, and labor. The Company also manufactures and markets
infrastructure and road safety products under the Lindsay Transportation
Solutions tradename. At March 28, 2013, Lindsay had approximately 12.9 million
shares outstanding, which are traded on the New York Stock Exchange under the
For more information regarding Lindsay Corporation and its products, see
Lindsay's Web site at www.lindsay.com.
Concerning Forward-looking Statements
This release contains forward-looking statements that are subject to risks and
uncertainties and which reflect management’s current beliefs and estimates of
future economic circumstances, industry conditions, company performance and
financial results. You can find a discussion of many of these risks and
uncertainties in the annual, quarterly and current reports that the Company
files with the Securities and Exchange Commission. Forward-looking statements
include information concerning possible or assumed future results of
operations of the Company and those statements preceded by, followed by or
including the words “anticipate,” “estimate,” “believe,” “intend,” "expect,"
"outlook," "could," "may," "should," “will,” or similar expressions. For these
statements, the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. The Company undertakes no obligation to update any
forward-looking information contained in this press release.
Jim Raabe, 402-827-6579
Vice President & Chief Financial Officer
Halliburton Investor Relations
Hala Elsherbini or Geralyn DeBusk, 972-458-8000
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