United-Guardian suspends strategic alternatives search; CEO Ken Globus to retire by year-end

UNITED GUARDIAN INC

Strategic review completed; Board found no opportunities to pursue at this time, active search suspended.
CEO Ken Globus intends to retire by end of 2022; search for replacement underway.
Globus to continue as consultant after retirement; has been with company 39 years.
Board will oversee search for new CEO with experience to accelerate growth.

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