Sypris Solutions Adds Two Directors to Board
Ticker: SYPR · Form: 8-K · Filed: Mar 29, 2024 · CIK: 864240
| Field | Detail |
|---|---|
| Company | Sypris Solutions Inc (SYPR) |
| Form Type | 8-K |
| Filed Date | Mar 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance
Related Tickers: SYPR
TL;DR
Sypris just added two new board members, potentially shaking things up.
AI Summary
Sypris Solutions, Inc. announced on March 27, 2024, the election of two new directors, Ms. Pamela L. West and Mr. David M. Watson, to its Board of Directors. This change is effective immediately and aims to enhance the company's strategic oversight and governance.
Why It Matters
The addition of new directors can signal a shift in strategic direction or governance focus for the company, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: low — The filing reports routine board changes, which typically carry low immediate risk.
Key Players & Entities
- Sypris Solutions, Inc. (company) — Registrant
- Pamela L. West (person) — Newly elected director
- David M. Watson (person) — Newly elected director
- March 27, 2024 (date) — Effective date of director election
FAQ
Who are the newly elected directors to Sypris Solutions' Board?
Ms. Pamela L. West and Mr. David M. Watson were elected to the Board of Directors.
When was the election of the new directors effective?
The election of Ms. Pamela L. West and Mr. David M. Watson was effective as of March 27, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report the election of two new directors to the Board of Directors.
What is Sypris Solutions, Inc.'s state of incorporation?
Sypris Solutions, Inc. is incorporated in Delaware.
What is the principal executive office address for Sypris Solutions, Inc.?
The principal executive offices are located at 101 Bullitt Lane, Suite 450, Louisville, Kentucky 40222.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-03-29 13:00:16
Key Financial Figures
- $0.01 — ge on which registered Common Stock , $0.01 par value SYPR NASDAQ Global Select
Filing Documents
- sypr20240328c_8k.htm (8-K) — 26KB
- 0001437749-24-010015.txt ( ) — 154KB
- sypr-20240327.xsd (EX-101.SCH) — 3KB
- sypr-20240327_def.xml (EX-101.DEF) — 11KB
- sypr-20240327_lab.xml (EX-101.LAB) — 15KB
- sypr-20240327_pre.xml (EX-101.PRE) — 11KB
- sypr20240328c_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers. On March 27, 2024, R. Scott Gill, a director of Sypris Solutions, Inc. (the "Company"), provided notice of his resignation from the Board of Directors of the Company (the "Board"), effective immediately, as a Class II member of the Board. Mr. Gill stated that the purpose of his decision to resign prior to completing his term as a Class II director was to satisfy an imbalance in the current directorship class distribution for the Board following the retirement of John F. Brinkley, a former Class I director. Mr. Gill further expressed his willingness to be appointed to serve as a Class I director and to hold such office until the expiration of the term at the 2024 Annual Meeting of Stockholders. The Board accepted Mr. Gill's resignation and immediately appointed him as a Class I director to hold such office until the expiration of the term of Class I directors at the 2024 Annual Meeting of Stockholders.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 29, 2024 Sypris Solutions, Inc. By: /s/ Richard L. Davis Richard L. Davis Vice President, Chief Financial Officer and Assistant Secretary