Lawson Products, Inc. Elects New Board Member
DES PLAINES, Ill., Aug. 17 /PRNewswire-FirstCall/ -- Lawson Products, Inc. (Nasdaq: LAWS) announced today that Thomas Postek has been elected to its Board of Directors, effective August 16, 2005. Mr. Postek, a certified public accountant and chartered financial analyst, is currently affiliated with Geneva Investment Management in Chicago. Mr. Postek spent the majority of his career at William Blair & Co. from 1973 to 2001. He was a partner and principal of William Blair for fifteen years and covered various business services as an analyst, including industrial distribution. Postek also served on the staff of the Financial Accounting Standards Board from 1980 to 1982.
Mr. Postek was elected to fill a vacancy on the Lawson board created by the retirement from the Board of Jerome Shaffer, a Lawson executive.
Lawson Products is an international seller and distributor of systems, services and products to the industrial, commercial, governmental and institutional maintenance, repair and replacement marketplaces. The Company also manufactures, sells and distributes production and specialized component parts and services to the original equipment marketplace, including the automotive, appliance, aerospace, construction and transportation industries. Lawson Products, Inc. - The Single Source of Supply keeping businesses running at the Lowest Overall Cost.
This press release may contain historical information and forward-looking statements and opinions. Statements looking forward in time are included in this press release pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The factors that could cause actual results to differ materially from those described in the forward-looking statements include increased competition, seasonality, effectiveness of our sales and marketing programs, or an economic downturn.
SOURCE Lawson Products, Inc.
08/17/2005
CONTACT: Neil E. Jenkins, Executive Vice President, Secretary and General Counsel of Lawson Products, Inc., 1-847-827-9666
4109 08/17/2005 13:41 EDT http://www.prnewswire.com