LSI Industries Inc. Announces Appointment of Graphics Segment President
12 Oktober 2015 - 12:45PM
LSI Industries Inc. (NASDAQ:LYTS) today announced
the appointment of Jeff A. Croskey as President of LSI's Graphics
Segment, effective October 12, 2015. Mr. Croskey joins LSI
with an extensive background in the signage and graphics
industry. Prior to joining the Company he was Vice President
of Creative Sign Designs of Tampa, FL. Previous employers
include Image International Corp, McNichols Company, and The
Goodyear Tire & Rubber Company. Mr. Croskey received an
MBA from Wake Forest University Babcock School of Management with a
concentration in Strategy and Finance; and graduated Cum Laude from
The Ohio State University with a Bachelor of Science,
Aeronautical/Astronautical Engineering.
Mr. Croskey commented, "I am very excited to join the LSI team
and participate in its future success. I fully endorse the
Company's strategy of Lighting + Graphics = Image, and look forward
to working with LSI's team and applying my expertise in graphics to
further strengthen this strategy. Additionally, as a strong
advocate of Lean and Six Sigma principles, I am excited to
participate in the LSI Business System that the entire company has
embraced."
Dennis W. Wells, President and Chief Executive Officer,
commented, "I am very excited with Mr. Croskey's addition to LSI's
executive team. The world of signage and graphics is changing
rapidly and we need smart energetic people working to grow our
share in this large addressable market. He and his team will
work closely with Shawn Toney, President, LSI Lighting Segment, and
John Bagwell, President, LSI Technology Segment, to grow LSI's
position as a leader in image solutions.”
Mr. Wells continued, “We want to again thank David McCauley for
his 18 years of leadership in the Graphics Segment. Mr.
McCauley has indicated that he looks forward to working with Mr.
Croskey in a transitional consulting role."
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995
This document contains certain forward-looking statements that
are subject to numerous assumptions, risks or
uncertainties. The Private Securities Litigation Reform
Act of 1995 provides a safe harbor for forward-looking
statements. Forward-looking statements may be identified
by words such as “estimates,” “anticipates,” “projects,” “plans,”
“expects,” “intends,” “believes,” “seeks,” “may,” “will,” “should”
or the negative versions of those words and similar expressions,
and by the context in which they are used. Such
statements, whether expressed or implied, are based upon current
expectations of the Company and speak only as of the date
made. Actual results could differ materially from those
contained in or implied by such forward-looking statements as a
result of a variety of risks and uncertainties over which the
Company may have no control. These risks and
uncertainties include, but are not limited to, the impact of
competitive products and services, product demand and market
acceptance risks, potential costs associated with litigation and
regulatory compliance, reliance on key customers, financial
difficulties experienced by customers, the cyclical and seasonal
nature of our business, the adequacy of reserves and allowances for
doubtful accounts, fluctuations in operating results or costs
whether as a result of uncertainties inherent in tax and accounting
matters or otherwise, unexpected difficulties in integrating
acquired businesses, the ability to retain key employees of
acquired businesses, unfavorable economic and market conditions,
the results of asset impairment assessments, the Company’s ability
to maintain an effective system of internal control over financial
reporting, our ability to remediate any material weaknesses in our
internal control over financial reporting and any other risk
factors that are identified herein. You are cautioned to
not place undue reliance on these forward-looking
statements. In addition to the factors described in this
paragraph, the risk factors identified in our Form 10-K and other
filings the Company may make with the SEC constitute risks and
uncertainties that may affect the financial performance of the
Company and are incorporated herein by reference. The
Company does not undertake and hereby disclaims any duty to update
any forward-looking statements to reflect subsequent events or
circumstances.
About the Company
We are a customer-centric company that positions itself as a
value-added, trusted partner in developing superior image solutions
through our world-class lighting, graphics, and technology
capabilities. Our core strategy of "Lighting + Graphics +
Technology = Complete Image Solutions" differentiates us from our
competitors.
We are committed to advancing solid-state LED technology to make
affordable, high performance, energy-efficient lighting and custom
graphic products that bring value to our customers. We have a
vast offering of innovative solutions for virtually any lighting or
graphics application. In addition, we provide sophisticated
lighting and energy management control solutions to help customers
manage their energy performance. Further, we provide a full
range of design support, engineering, installation and project
management services to our customers.
We are a vertically integrated U.S.-based manufacturer
concentrating on serving customers in North America and Latin
America. Our major markets include commercial / industrial
lighting, petroleum / convenience store and multi-site retail
(including automobile dealerships, restaurants and national retail
accounts). Headquartered in Cincinnati, Ohio, LSI has
facilities in Ohio, Kansas, Kentucky, New York, North Carolina,
Oregon, Rhode Island and Texas. The Company’s common shares
are traded on the NASDAQ Global Select Market under the symbol
LYTS.
For further information, contact Dennis W.
Wells, Chief Executive Officer, at (513) 793-3200.
Additional note: Today’s news release,
along with past releases from LSI Industries, is available on the
Company’s internet site at www.lsi-industries.com or by email or
fax, by calling the Investor Relations Department at (513)
793-3200.
CONTACT: DENNIS W. WELLS
(513) 793-3200
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