SL Industries (SLI) Announces Resignation of Chairman

March 4, 2008 10:50 AM EST

SL Industries (AMEX: SLI) announced that Warren Lichtenstein will step down as Chairman of the Board and not stand for re-election as a director at the Company’s upcoming annual meeting of shareholders. Mr. Lichtenstein is founder and Chief Executive Officer of Steel Partners LLC, the investment manager of Steel Partners II, L.P., which is the largest shareholder of SLI. As of December 31, 2007, Steel Partners II owned 27.5% of all outstanding shares of the Company.

SL Industries Inc. designs, manufactures and markets power electronics, motion control, power protection and specialized communication equipment, which are used in a variety of medical, aerospace, computer, datacom, industrial, telecom, transportation and electric power utility equipment applications.

Related Categories

Management Changes

Stocks Mentioned

Related Entities

• Steel Partners
• Warren Lichtenstein

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?