Attached files
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| 8-K - FORM 8K - ADDITION OF TWO DIRECTORS - RCM TECHNOLOGIES, INC. | form8k031010.htm |
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RCM
Technologies, Inc.
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Tel: 856.356.4500
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Corporate Contacts:
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2500
McClellan Avenue
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Fax:
856.356.4600
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Leon
Kopyt
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Pennsauken,
NJ 08109
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info@rcmt.com
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Chairman, President &
CEO
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www.rcmt.com
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Kevin
D. Miller
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Chief Financial
Officer
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P
R E S S R E L E A S E
RCM
TECHNOLOGIES ADDS TWO DIRECTORS TO BOARD
Pennsauken,
NJ – March 10, 2010 – RCM Technologies, Inc. (NASDAQ: RCMT) today announced the
election of S. Gary Snodgrass as a Class “C” Director and Richard D. Machon as a
Class “A” Director to its Board of Directors.
Mr.
Snodgrass is a senior management executive with a substantial background in
corporate strategy and organizational structure, including mergers and
acquisitions, financial and operational performance, and compensation and
incentive programs. He was most recently employed by Exelon
Corporation as Executive Vice President in addition to other senior management
positions. Prior to joining Exelon, Mr. Snodgrass worked for USG
Corporation as Vice President of Human Resources. He is a graduate of
Western Kentucky University and the Keller Graduate School of
Management.
Mr.
Machon possesses extensive executive-level experience in the utility industry
and has been involved in the design, construction, operations, restart and
maintenance of power-generating facilities. He is currently providing
independent consulting services to major utilities and has previously held a
number of key management positions at Tennessee Valley Authority, Portland
General Electric, Impell and Boston Edison. Mr. Machon has also
served as Senior Vice President of Operations at PSEG and as Nuclear Chief
Operating Officer at Ontario Power Generation. He is a graduate of
Northeastern University.
Leon Kopyt, Chairman and CEO of RCM,
commented: “The Board is extremely pleased to add two
directors with strong leadership and management skills and a comprehensive
knowledge of the utility industry. Their contributions should be
particularly valuable to the Company’s Engineering business segment as it
continues to expand its operations throughout North America.”
Messrs.
Snodgrass’ and Machon’s terms are scheduled to expire at the Company’s annual
meetings of stockholders to be held in 2011 and 2012,
respectively. The addition of these two directors increases the size
of the Board to six members.
About
RCM
RCM
Technologies, Inc. is a premier provider of business and technology solutions
designed to enhance and maximize the operational performance of its customers
through the adaptation and deployment of advanced information
technology and engineering services. RCM is an innovative
leader in the design, development and delivery of these solutions to commercial
and government sectors for more than 35 years. RCM’s offices are located in
major metropolitan centers throughout North America. Additional
information can be found at www.rcmt.com.
The
Statements contained in this release that are not purely historical are
forward-looking statements within the Private Securities Litigation Reform Act
of 1995 and are subject to various risks, uncertainties and other factors that
could cause the Company's actual results, performance or achievements to differ
materially from those expressed or implied by such forward-looking
statements. Forward looking statements include, but are not limited
to, those relating to demand for the Company’s services, expected demand for our
services and expectations regarding our revenues, the Company's ability to
continue to utilize goodwill, to continue to increase gross margins, to achieve
and manage growth, to develop and market new applications and services, risks
relating to the acquisition and integration of acquired businesses, the ability
of the Company to consummate acquisitions as to which it executes non-binding
letters of intent, demand for new services and applications, timing of demand
for services, industry strength and competition and general economic
factors. Investors are directed to consider such risks, uncertainties
and other factors described in documents filed by the Company with the
Securities and Exchange Commission.