(Nasdaq: SPAR) today announced that senior vice president, chief financial
officer, chief compliance officer and treasurer
from the company within the next few months.
Knapp, 63, has been Spartan’s chief financial officer, secretary and
treasurer for the past seven years, senior vice president since 2004 and chief
compliance officer since 2008.
custom chassis and emergency-rescue vehicles, said it has initiated a search
for Knapp’s successor led by the board of directors with assistance from a
national executive search firm.
“Jim has been an integral part of our senior management team in what has
been the most rapid period of Spartan’s growth in our history,” said John
Sztykiel, president and CEO of
leadership and wisdom, and want to thank him for his lasting contributions as
well as for his assistance in making this a smooth transition as we search for
his replacement.”
Sztykiel added: “Jim leaves big shoes to fill, but we are also excited
about the opportunity to bring a fresh perspective to Spartan and to continue
to build on our long-term track record of sales and earnings growth and
healthy financial position.”
About
manufactures custom chassis and vehicles for the recreational vehicle, fire
truck, ambulance, emergency-rescue and custom vehicle markets. The company’s
brand names – Spartan(TM), Crimson Fire(TM), Crimson Fire Aerials(TM), and
Road Rescue(TM) – are known for quality, value, service and being the first to
market with innovative products. The company employs approximately 1,200 at
facilities in
Spartan reported sales of
the premier manufacturer of custom vehicles and chassis in
This release contains forward-looking statements, including, without
limitation, statements concerning our business, future plans and objectives
and the performance of our products. Forward looking statements are
identifiable by words such as “believe,” “anticipate,” “will,” “sustain,” and
“continue.” These forward-looking statements involve certain risks and
uncertainties that ultimately may not prove to be accurate. Actual results
and future events could differ materially from those anticipated in such
statements. Technical complications may arise that could prevent the prompt
implementation of the plans outlined above. The company cautions that these
forward-looking statements are further qualified by other factors including,
but not limited to, those set forth in the company’s Annual Report on Form
10-K filing and other filings with the
Commission
subcontracts typically involve long payment and purchase cycles, competitive
bidding, qualification requirements, delays or changes in funding, extensive
specification development and changes, price negotiations and milestone
requirements. An announced award of a governmental contract is not equivalent
to a finalized executed contract and does not assure that orders will be
issued and filled. Government agencies also often retain some portion of fees
payable upon completion of a project and collection of contract fees may be
delayed for long periods, which can negatively impact both prime contractors
and subcontractors. The company undertakes no obligation to publicly update
or revise any statements in this release, whether as a result of new
information, future events or otherwise, except as required by law.
SOURCE
CONTACT: John Sztykiel, CEO, or
Inc.
[email protected], both of
+1-616-233-0500
Web Site: https://theshyftgroup.com
(SPAR)