DES PLAINES, Ill.--(BUSINESS WIRE)--Nov. 10, 2009--
Lawson Products, Inc. (NASDAQ:LAWS) today announced the nomination of
three individuals to serve on its Board of Directors as members of the
class of directors to serve until 2012. The nominations are included in
the company’s filing of preliminary proxy materials with the Securities
and Exchange Commission (“SEC”) for its 2009 annual meeting of
stockholders, to be held on December 8, 2009.
In addition to Thomas S. Postek, who has served on the Board since 2005,
the nominations include:
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Andrew B. Albert, who previously was appointed to the Board on October
19, 2009, to fill a vacancy caused by the resignation of James T.
Brophy.
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I. Steven Edelson, who is being nominated to fill the vacancy created
by the previously announced decision by Mitchell H. Saranow not to
stand for re-election.
Mr. Albert has served as managing director and operating partner of
Svoboda Capital Partners LLC, a private equity investment firm, since
February 2007. From 2000 to 2006, he served as chairman and chief
executive officer of Nashua Corporation, a manufacturer of specialty
paper products. Mr. Albert also served as non-executive chairman of
Nashua’s Board of Directors, and is on the Boards of Border Construction
Specialties, a distributor of specialty construction products; Forsythe
Technologies, a technology consulting and sales firm, and Transco, Inc.,
a diversified industrial company.
Mr. Edelson has served as a principal of Mercantile Capital, a private
equity investment firm, and a managing director of its Chicago office
since 1997. Previously, he was a managing director of International
Facilities Group, a leading facilities and management company.
“We are pleased that Andrew and Steven have agreed to serve on our Board
of Directors,” said Dr. Ronald B. Port, Non-Executive Chairman. “They
bring extensive, and relevant, experience that we are certain will be
highly valuable to our company as we move forward. We look forward to
their contributions and to working with them.”
About Lawson Products, Inc.
Lawson Products, headquartered in Des Plaines, IL, is a leader in
selling and distributing services, systems, and products to the
industrial, commercial, and institutional maintenance, repair and
operations (MRO) market. The company also manufacturers, sells, and
distributes production and specialized component parts, and provides
services and systems to original equipment manufacturers (OEMs).
Source: Lawson Products, Inc.
Lawson Products, Inc.
Neil E. Jenkins, 847-827-9666 ext. 2208
