President Alan Klembczyk to retire June 1, 2025, will not seek board reelection
TAYLOR DEVICES, INC.
Alan R. Klembczyk retires as President effective June 1, 2025; will not stand for board reelection at 2025 Annual Meeting.
Signed Executive Retirement and Transition Agreement dated January 14, 2025, providing base salary, bonus eligibility, and extended option exercise through November 30, 2025.
Klembczyk will remain as employee until November 30, 2025, to provide transition support.
On the same date, Mr. Klembczyk also notified the Company that he will not stand for reelection to the Board at the Company’s 2025 annual meeting of shareholders (the “2025 Annual Meeting”).
On January 14, 2025, Alan R. Klembczyk, the President of Taylor Devices, Inc. (the “Company”) and a member of the Company’s board of directors (the “Board”), provided notice of his decision to retire from his position as President of the Company, effective June 1, 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Alan R. Klembczyk departed as Director at TAYLOR DEVICES, INC..
Action
will not stand for reelection
Role
Director
Exact text from the filing
On the same date, Mr. Klembczyk also notified the Company that he will not stand for reelection to the Board at the Company’s 2025 annual meeting of shareholders (the “2025 Annual Meeting”).
Alan R. Klembczyk departed as President at TAYLOR DEVICES, INC..
Action
retire
Role
President
Exact text from the filing
On January 14, 2025, Alan R. Klembczyk, the President of Taylor Devices, Inc. (the “Company”) and a member of the Company’s board of directors (the “Board”), provided notice of his decision to retire from his position as President of the Company, effective June 1, 2025.
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