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SEC Filings

8-K
NN INC filed this Form 8-K on 10/22/2015
Entire Document
 
EX-99.1

Exhibit 99.1

 

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   RE: NN, Inc.
   207 Mockingbird Lane
   3rd Floor
   Johnson City, TN 37604
FOR FURTHER INFORMATION:   
AT THE COMPANY    AT FINANCIAL RELATIONS BOARD
Robbie Atkinson    Marilynn Meek
Corporate Treasurer & Investor Relations    (General info)
(423) 434-8398    212-827-3773

FOR IMMEDIATE RELEASE

October 21, 2015

NN, INC. ANNOUNCES RESIGNATION OF BOARD MEMBER

Johnson City, Tenn, October 21, 2015 –NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that John C. Kennedy has resigned from the Company’s Board of Directors to focus on his growing medical company in Michigan. Mr. Kennedy has served as a member of NN’s Board of Directors since September 2014. Prior to serving as a director at NN, Mr. Kennedy was the founder and Chief Executive Officer at Autocam Corporation.

Mr. Kennedy commented, “I have enjoyed my term as a NN board member; however, with the recent acquisition of Precision Engineered Products and the competitive dynamics of owning a growing medical company, I believe the time is right to step away. Therefore, it is with regret that I have decided to resign from the NN Board of Directors. I look forward to following NN’s success into the future.”

Richard Holder, President and CEO commented, “John has made significant contributions to NN and to the Board of Directors over the past year. His knowledge and expertise were extraordinarily helpful during the Autocam integration. I am joined by the other directors in wishing him well as he focuses his energies on his growing company.”

NN, Inc., a diversified industrial company, manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 43 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.

Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking