LSI Industries Inc. Appoints Thomas A. Caneris as Senior Vice President – Human Resources and General Counsel
05 August 2019 - 11:21PM
LSI Industries Inc. (NASDAQ: LYTS, or the “Company”) a
leading U.S. based manufacturer of indoor/outdoor lighting and
graphics solutions, today announced the appointment of Thomas A.
Caneris as Senior Vice President –Human Resources and General
Counsel, effective August 5, 2019.
Mr. Caneris brings to LSI more than 30 years of
experience as a practicing attorney and senior advisor in both
public and private company settings. Previously, he served as
Senior Vice President and General Counsel for PharMerica
Corporation from 2007 through 2019. From 2004 to 2007, Mr. Caneris
was employed by Convergys Corporation as a Senior Attorney.
Earlier in his career, Mr. Caneris served as Commercial Affairs
Counsel for AK Steel Corporation.
“We are pleased to have Tom join our senior
leadership team and look forward to deepening our bench as we
position LSI for its next phase of growth,” stated Jim Clark,
President and CEO. “As a seasoned general counsel, his
experience in corporate governance, regulatory compliance and human
resources equip him to become a valued asset to our
organization.”
As an inducement to accept his appointment with
LSI, Mr. Caneris was granted an inducement stock option to purchase
up to 100,000 shares of LSI common stock. The awards were granted
by LSI’s Compensation Committee on June 19, 2019 as an inducement
material to Mr. Caneris’ entering into employment with LSI in
accordance with NASDAQ Listing Rule 5635(c)(4). The award was
approved in connection with the commencement of his employment with
the Company on August 5, 2019 and has a ten-year term. The option
is exercisable at a price of $4.04 per share (the closing price on
August 5, 2019) and will vest only if Mr. Caneris remains an
employee of LSI for three years.
ABOUT LSI
INDUSTRIES
LSI Industries Inc. is a U.S.-based manufacturer of lighting,
graphics and technology solutions for both indoor and outdoor
applications. We are a leading solutions provider to the
primary end-markets we serve, including petroleum, automotive,
quick serve restaurants, grocery, banking, retail, renovation,
parking and warehousing. Our products are marketed throughout
North America through a network of independent sales
representatives and distributors, as well as through national
accounts. We partner with our customers to provide a full
range of design support, engineering, installation and project
management services. Headquartered in Blue Ash, Ohio, LSI
currently employs over 1,200 employees and operates seven
facilities throughout the United States.
FORWARD-LOOKING
STATEMENTS
For details on the uncertainties that may cause our actual
results to be materially different than those expressed in our
forward-looking statements, visit http://www.lsi-industries.com/fls
as well as our Annual Reports on Form 10-K and Quarterly Reports on
Form 10-Q which contain risk factors.
INVESTOR CONTACT
Noel Ryan, IRC720.778.2415lyts@vallumadvisors.com
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