Full slate of SPLP nominees elected to board of directors
NEW YORK--(BUSINESS WIRE)--May. 9, 2013--
Steel Partners Holdings L.P. (NYSE: SPLP) (“SPLP”) announced today that
all four of its nominated directors were elected to board positions at
JPS Industries, Inc. (JPST.PK) (“JPS”).
The directors, each of whom will serve one-year terms, are Mikel H.
Williams, who was also named JPS chief executive officer and president;
Jack L. Howard, who was named chairman of the JPS board; John J. Quicke,
and Alan B. Howe. Robert J. Capozzi was the lone JPS director re-elected.
The results of the vote were certified upon the close of the JPS annual
meeting, held April 30, 2013 in Greenville, S.C.
“We are extremely pleased that the nominees we put forth were elected to
serve on the JPS board, and that the day-to-day operations of the
company will be headed by Mikel Williams, whose track record in leading
global companies makes him the perfect choice for this role,” said
Warren Lichtenstein, executive chairman of SPLP. “We look forward to
working with Mikel, the JPS management team and all of the company’s
valued employees.”
An investor in JPS since 2000, SPLP holds 39.3%, or four million, of
JPS’s outstanding shares.
SPLP nominees elected to JPS’s board:
Jack L. Howard (51): In addition to serving as the president of
SPLP, a position he has held since July 2009, Mr. Howard, a registered
principal of Mutual Securities, Inc., a FINRA registered broker-dealer,
has been a member of SPLP’s board of directors since 2011. Mr. Howard
has been the president of Steel Partners LLC, and has been associated
with Steel Partners LLC and its affiliates since 1993. Mr. Howard
co-founded SPII, a private investment partnership and an SPLP wholly
owned subsidiary, in 1993. Since July 2005, Mr. Howard has been a
director of Handy & Harman, Ltd. (HNH), a diversified industrial
products manufacturing company, and a firm in which SPLP holds an
interest. In January 2013 Mr. Howard became vice chairman and principal
executive officer of HNH. He is also chairman of DGT Holdings Corp.;
vice chairman and principal executive officer of Steel Excel Inc., and a
director of WebBank.
John J. Quicke (63): John Quicke currently serves on the Steel
Excel Inc. board of directors, and is president and CEO of Steel Energy,
Ltd., a subsidiary of Steel Excel. He is also a managing director and
operating partner of Steel Partners LLC and a vice president of HNH. Mr.
Quicke has been associated with Steel Partners and its affiliates since
September 2005, and has served as a director of many public companies,
including Sequa Corporation (vice chairman), HNH, NOVT Corporation
(chairman, president and CEO), Layne Christensen Company, Angelica
Corporation, DGT Holdings Corp. (president and CEO), and Rowan Companies
plc (currently serving on both the Audit and Compensation Committees).
Mikel H. Williams (56): Mr. Williams has served as president, CEO
and a director of DDi Corporation, a leading provider of time-critical,
technologically advanced electronics manufacturing services, from
November 2005 until the sale of the company in May 2012. In addition to
his experience in the electronics manufacturing industry, Mr. Williams
also has served in senior executive and director roles in the
telecommunications and services industries, including LNG Holdings,
Global TeleSystems, Ebone Sales, GTS Broadband Services, Lightbridge
Communications Corp., and Tellabs, Inc.
Alan B. Howe (51): Mr. Howe is currently the managing partner of
Broadband Initiatives, LLC, a boutique corporate advisory and consulting
firm. He has also served as the interim CEO of Sunrise Telecom, Inc.,
and as a director of Selectica, Inc. Among the other firms where Mr.
Howe has had leadership positions include Data I/O Corporation, Ditech
Networks, B. Riley & Co., LLC, Covad Communications Group, Inc., and
Sprint Corporation.
About JPS Industries, Inc.
JPS Industries, Inc. is a major U.S. manufacturer of extruded urethane
film, sheet and tubing, ethylene vinyl acetate film and sheet and
mechanically formed glass and aramid substrate materials for specialty
applications in a wide expanse of markets requiring highly engineered
components. JPS' products are used in a wide range of applications
including: printed electronic circuit boards; advanced composite
materials; civilian and military aerospace components; filtration and
insulation products; specialty commercial construction substrates; high
performance glass laminates for security and transportation
applications; photovoltaic solar modules; paint protection films; plasma
display screens; medical, automotive and industrial components; and soft
body armor for civilian and military applications. Headquartered in
Greenville, South Carolina, the Company operates four manufacturing
locations in Anderson and Slater, South Carolina; Statesville, North
Carolina; and Easthampton, Massachusetts.
About Steel Partners Holdings L.P.
Steel Partners Holdings L.P. is a global diversified holding company
that engages in multiple businesses through consolidated subsidiaries,
associated companies and other interests. It owns and operates
businesses and has significant interests in leading companies in various
industries, including diversified industrial products, energy, defense,
supply chain management and logistics, banking, food products and
services, oilfield services, sports, training, education, and the
entertainment and lifestyle industries.
Source: Steel Partners Holdings L.P.
Steel Partners Holdings L.P.
Michael McNamara, 212-520-2358
Director,
Investor and Public Relations
mmcnamara@steelpartners.com
