Attached files
file | filename |
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8-K - FORM 8-K - BREEZE-EASTERN CORP | y81431e8vk.htm |
EX-10.36 - EX-10.36 - BREEZE-EASTERN CORP | y81431exv10w36.htm |
EX-10.38 - EX-10.38 - BREEZE-EASTERN CORP | y81431exv10w38.htm |
EX-10.37 - EX-10.37 - BREEZE-EASTERN CORP | y81431exv10w37.htm |
Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE DISTRIBUTION
Contact: |
Mike Harlan | |
President and CEO | ||
Phone: 973/602-1023 |
BREEZE-EASTERN CORPORATION APPOINTS MARK MISHLER CFO SUCCEEDING JOSEPH SPANIER
WHIPPANY, NJ January 6, 2010 Breeze-Eastern Corporation (NYSE Amex:BZC) today announced the
appointment of Mark Mishler as Senior Vice President, Chief Financial Officer, and Treasurer of the
Company and the retirement of Joseph Spanier as Executive Vice President, Chief Financial Officer,
and Treasurer, effective January 6, 2010. Mr. Spanier, 63, has served as Chief Financial Officer
since 1996.
Mr. Mishler, 51, most recently served as Chief Financial Officer of Vital Signs, Inc., a $400
million, NASDAQ-listed manufacturer of medical products that was acquired by General Electric in
2008. Mr. Mishler previously was Corporate Controller and CIO at Fedders Corporation and Amcast
Industrial Corporation. He is a Certified Public Accountant and Certified Management Accountant.
A graduate of Indiana University, he earned his MBA from the University of Michigan.
Mike Harlan, President and Chief Executive Officer of the Company, stated, We welcome Mark as a
member of the senior management team of the Company. He brings a wealth of U.S. and international
experience in financial reporting and internal expense controls, implementing ERP systems and
IT-based processes, public company finance and reporting, creditor relationship management and
investor relations. Mark is a hands-on leader who will help improve the financial practices and
discipline throughout our entire organization. We are very glad to have him join our team and are
looking forward to the significant contributions he will make to our Company.
Mr. Harlan continued, On behalf of the Company, I would like to express our deep gratitude to
Joseph Spanier for his many years of service as Chief Financial Officer of Breeze-Eastern
Corporation. Joe was instrumental in rebuilding our balance sheet over the last 5 years, during a
very challenging period in our Companys history. He has
35 Melanie Lane Whippany New Jersey 07981
Tel. 973.602.1001 Fax 973.739.9333 www.breeze-eastern.com
Tel. 973.602.1001 Fax 973.739.9333 www.breeze-eastern.com
Breeze-Eastern Corporation January 6, 2010
Breeze-Eastern Corporation Appoints Mark Mishler CFO Succeeding Joseph Spanier
Page 2 of 2
Breeze-Eastern Corporation Appoints Mark Mishler CFO Succeeding Joseph Spanier
Page 2 of 2
made important contributions in many areas and he will be missed by his colleagues and staff
at the Company. We wish him all the best in his well-deserved retirement.
Breeze-Eastern Corporation (http://www.breeze-eastern.com) is the worlds leading designer and
manufacturer of sophisticated lifting and pulling devices for military and civilian aircraft,
including rescue hoists, cargo hooks, and weapons-lifting systems. The Company, which employs
approximately 180 people at its facilities in Union and Whippany, New Jersey, reported sales of
$75.4 million in the fiscal year ended March 31, 2009.
INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute forward-looking statements within the meaning
of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the
Acts). Any statements contained herein that are not statements of historical fact are deemed to
be forward-looking statements.
The forward-looking statements in this press release are based on current beliefs, estimates and
assumptions concerning the operations, future results, and prospects of the Company. As actual
operations and results may materially differ from those assumed in forward-looking statements,
there is no assurance that forward-looking statements will prove to be accurate. Forward-looking
statements are subject to the safe harbors created in the Acts.
Any number of factors could affect future operations and results, including, without limitation,
competition from other companies; changes in applicable laws, rules and regulations affecting the
Company in the locations in which it conducts its business; interest rate trends; a decrease in
United States government defense spending, changes in spending allocation or the termination,
postponement, or failure to fund one or more significant contracts by the United States government
or other customers; determination by the Company to dispose of or acquire additional assets;
general industry and economic conditions; events impacting the U.S. and world financial markets and
economies; and those specific risks that are discussed in the Companys previously filed Annual
Report on Form 10-K for the fiscal year ended March 31, 2009 and quarterly report on Form 10-Q for
the period ended September 27, 2009.
The Company undertakes no obligation to update publicly any forward-looking statements, whether as
a result of new information or future events.
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