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Labrador Technologies Inc To Initiate Review Of Strategic Alternatives; Announces Changes to Management Team


Tuesday, 18 Sep 2012 11:28am EDT 

Labrador Technologies Inc announced a decision by its Board of Directors (the Board) to initiate a review of strategic alternatives and make changes to its Management Team. The Board has decided to initiate a process to identify, examine and consider a range of strategic alternatives available to the Company with a view to enhancing shareholder value. There can be no assurances that the process will result in a transaction of any form. The Company has not set a definitive schedule to complete its evaluation and, notwithstanding the above, no decision on any particular alternative has been reached at this time. H. Ronald Sterne has been appointed Chief Executive Officer and Jeffrey A. Howe has been appointed Acting Chief Financial Officer and Corporate Secretary. Terry J. Barnhart remains as President of the Company. John Redfern has resigned as Chairman of the Board while remaining on the Board, and Robert Winsloe has resigned as VP of International Marketing. 

Company Quote

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16 Apr 2014