A.M. CASTLE Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On March 10, 2017, Paul Schwind informed A.M. Castle Co. (the
Company) of his resignation from his position as Controller and
Chief Accounting Officer of the Company, effective March 24,
2017. Mr. Schwinds resignation was not because of a disagreement
with the Company on any matters relating to the Companys
operations, policies, or practices. The Company has accepted Mr.
Schwinds resignation.
Mr. Schwinds duties will be assumed by existing Company finance
personnel until a permanent successor is identified, including
Mr. Patrick R. Anderson, the Companys Executive Vice President,
Chief Financial Officer, who previously served as the Companys
Controller and Chief Accounting Officer from 2007 to 2015.
About A.M. CASTLE & CO. (OTCMKTS:CASL)
A. M. Castle & Co. is a specialty metals distribution company. The Company operates through two segments: Metal and Plastics. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services. Its products include alloy, aluminum, nickel, stainless steel, carbon and titanium. Inventories of these products assume various forms, such as plate, sheet, extrusions, round bar, hexagon bar, square and flat bar, tubing and coil. The Company’s Plastics segment includes its subsidiary, Total Plastics, Inc. (TPI). The Plastics segment stocks and distributes a range of plastics in forms that include plate, rod, tube, clear sheet, tape, gaskets and fittings. Processing activities within this segment include cut-to-length, cut-to-shape, bending and forming according to customer specifications. The Company distributes and performs processing on both metals and plastics. A.M. CASTLE & CO. (OTCMKTS:CASL) Recent Trading Information
A.M. CASTLE & CO. (OTCMKTS:CASL) closed its last trading session down -0.012 at 0.358 with 674,013 shares trading hands.