Shareholders for Westech Success United in Their Support for and Endorsement
of John Gorman and his Slate of Directors
Members of“Shareholders for Westech Success” respond to shareholder vote to
return John J. Gorman IV to the Board, along with his new slate of Directors
Remarks from Barry Williamson, Former CEO and slated Board Member of Westech
Capital Corporation(symbol: WTEC)
AUSTIN, Texas -- October 3, 2013
Today Shareholders for Westech Success announce that they are united in their
support for and endorsement of John Gorman and his slate of Directors. The
shareholder vote on September 17^th that returned John Gorman to the Board of
Westech Capital Corp. reaffirms the support of the Westech stockholders for
John and his direction for the company. According to Barry Williamson, a
former Westech CEO and a member of Shareholders for Westech Success, a group
committed to restoring future growth to the firm, “John Gorman has a clear
vision for the future of Westech. He’s a gifted businessman, with a keen
ability to execute his vision and increase shareholder value.”
John Gorman has brought an action in the Court of Chancery of the State of
Delaware to ensure that the board elected by the stockholders is promptly
“While we wait for the court’s decision, we’re excited that John Gorman’s
board won the vote.
John has the talent, expertise and dexterity we need at Westech. He’s a highly
effective leader and forward thinker who will make this company successful,”
says Mr. Williamson.
Barry Williamson is currently President and CEO of Zeep Management (US) Inc.
and South Louisiana Methanol LLC. He was Director of Minerals Management at
the U.S. Department of Interior under the Bush administration and a principal
advisor to the U.S. Secretary of Energy under the Reagan administration. He
served as CEO for Westech from 2009-2010.
Ticker Symbol: WTEC
For more information, go to: www.JohnGormanResponds.com
About John J. Gorman IV: John Gorman served as Chairman of the Board for
Westech Capital Corp from 1999-2013. He was Director of Tejas Securities
Group, Inc. since founding Tejas in 1994. Over the past 19 years, Mr. Gorman
has gained a wealth of leadership experience through his positions as Vice
President at both Dean Witter and Shearson Lehman in Dallas, and Senior Vice
President at both Landmark Group and APS Financial Corporation in Austin. Mr.
Gorman’s strong business and community background is bolstered through his
experience on Creditor Committees for several major companies including
Federated Department Stores, Appletree Supermarkets and Maxicare Health, and
on the Boards of Directors for Lincoln Heritage Corporation, First Republic
and M Corp.
For John J. Gorman IV:
For Marla Schultz, 917-723-7167
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