CHICAGO--(BUSINESS WIRE)--Mar. 20, 2017--
Lawson Products, Inc. (NASDAQ:LAWS) (“Lawson” or the “Company”) today
announced that Mr. J. Bryan King, CFA, 46, has been appointed to fill a
vacant seat on the Company’s Board of Directors. He has also been
nominated by the Board for election at the Company’s annual shareholders
meeting on May 16, 2017 to serve an additional three-year term.
J. Bryan King, CFA, is a principal of Luther King Capital Management and
has acted as an investment manager responsible for micro and
small-capitalization public and private investments since 1994. He
founded and serves as managing partner of LKCM Capital Group, which is
responsible for LKCM’s alternative investment strategies. He also
founded LKCM Private Discipline Partnership, a multi-strategy
partnership that focuses on making strategic and collaborative
investments in micro-cap and private companies, as well as LKCM
Headwater Investments, a middle market buy-out firm that focuses on
control and strategic private equity investments. Additionally, he
established the firm’s Distribution Holdings oversight advisory board in
2003 to support investment activities by LKCM and its affiliates in
distribution, packaging, parts and services and rental focused
businesses. Mr. King has served on boards of both public and private
companies as well as civic organizations. He graduated with a Bachelor
of Arts in History from Princeton University, received a Ranch
Management degree from Texas Christian University, and received a
Masters of Business Administration from Harvard Business School.
“We believe that Bryan’s financial expertise, industry knowledge and
deep professional background will bring insightful perspectives to our
Board. We are very pleased with this appointment and look forward to his
contributions,” said Michael DeCata, President and Chief Executive
Officer.
About Lawson Products, Inc.
Founded in 1952, Lawson Products (NASDAQ: LAWS) is an industrial
distributor of maintenance and repair products. Lawson carries a
comprehensive line of products and provides inventory management
services to the industrial, commercial, institutional and government
maintenance, repair and operations (MRO) market. With several
strategically located distribution centers in North America, Lawson
ships to customers in all 50 states, Puerto Rico, Canada, Mexico and the
Caribbean. Under its Kent Automotive brand, the Company supplies
products to collision and mechanical repair shops as well as automotive
OEMs. For additional information, please visit https://www.lawsonproducts.com
or https://www.kent-automotive.com.
This Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. The terms "may," "should," "could,"
"anticipate," "believe," "continues," "estimate," "expect," "intend,"
"objective," "plan," "potential," "project" and similar expressions are
intended to identify forward-looking statements. These statements are
not guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. These statements are
based on management's current expectations, intentions or beliefs and
are subject to a number of factors, assumptions and uncertainties that
could cause or contribute to such differences or that might otherwise
impact the business and include the risk factors set forth in Item 1A of
the December 31, 2016, Form 10-K filed on February 23, 2017. The Company
undertakes no obligation to update any such factors or to publicly
announce the results of any revisions to any forward-looking statements
whether as a result of new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170320006247/en/
Source: Lawson Products, Inc.
Investor Relations:
Lawson Products, Inc.
Ronald J.
Knutson
Executive Vice President, Chief Financial Officer
773-304-5665
Ron.Knutson@lawsonproducts.com
