Attached files
file | filename |
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8-K - FORM 8-K - LINDSAY CORP | c16868e8vk.htm |
EX-10.1 - EX-10.1 - LINDSAY CORP | c16868exv10w1.htm |
Exhibit 99.1
2222 NO. 111TH ST. OMAHA, NE 68164 TEL: 402-829-6800 FAX: 402-829-6836 |
For further information, contact: |
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LINDSAY CORPORATION:
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HALLIBURTON INVESTOR RELATIONS: | |
Dave Downing
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Hala Elsherbini or Geralyn DeBusk | |
CFO and President International Operations
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972-458-8000 | |
402-827-6235 |
Lindsay Corporation Announces Management Changes
OMAHA, NEB., May 9, 2011Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems
and infrastructure products, announced today that James (Jim) Raabe will join Lindsay Corporation
as Vice President and Chief Financial Officer, effective June 13, 2011. Mr. Raabe will succeed
Dave Downing in this position as Mr. Downing shifts his full efforts to his role as President
International Operations.
For the past 12 years, Mr. Raabe has served as Senior Vice President and Chief Financial Officer of
Select Comfort Corporation (NASDAQ: SCSS). Prior to joining Select Comfort Corporation as Vice
President and Controller in 1997, Mr. Raabe held various positions with ValueRx, Inc. and KPMG LLP.
Rick Parod, President and Chief Executive Officer of Lindsay Corporation, commented We are excited
to have Jim join our team. I am confident, based on his substantial experience and skills, that
Jim will provide strong financial leadership as we continue to grow our business. At the same
time, we are excited that Dave will now be able to focus his full time and efforts on international
operations and opportunities. These management changes will significantly strengthen our
management team and will better position Lindsay to capitalize on future growth opportunities.
About the Company
Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which
increase or stabilize crop production while conserving water, energy, and labor. The Company also
manufactures and markets infrastructure and road safety products through its wholly owned
subsidiaries, Barrier Systems Inc. and Snoline S.P.A. At April 1, 2011, Lindsay had approximately
12.6 million shares outstanding, which are traded on the New York Stock Exchange under the symbol
LNN.
For more information regarding Lindsay Corporation, see Lindsays Web site at www.lindsay.com. For
more information on the Companys infrastructure products, visit www.barriersystemsinc.com and
www.snoline.com.
Concerning Forward-looking Statements
This release contains forward-looking statements that are subject to risks and uncertainties and
which reflect managements current beliefs and estimates of future economic circumstances, industry
conditions, company performance and financial results. You can find a discussion of many of these
risks and uncertainties in the annual, quarterly and current reports that we file with the
Securities and Exchange Commission. Forward-looking statements include information concerning
possible or assumed future results of operations of the company and those statements preceded by,
followed by or including the words anticipate, estimate, believe, intend, expectation,
outlook, could, may, should,, will or similar expressions. For these statements, we claim
the protection of the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any
forward-looking information contained in this press release.