Accuride Corp., a maker of wheels for trucks and trailers, fell 6 percent, the most in more than three months after the company said its chairman won’t seek re-election to the board.
Accuride slid to $7.52 at the close in New York, the biggest decline since Nov. 9. The shares have risen 5.6 percent this year, after plunging 55 percent in 2011.
William Lasky, chairman of the Evansville, Indiana-based company, won’t stand for re-election to the board at the April 24 annual meeting, Accuride said in a statement yesterday. Lasky will remain chairman until his current term expires at that time.
Lasky led the company through a 2009 bankruptcy restructuring and was its interim chief executive officer for more than two years until Rick Dauch took over in February 2011.