ALLISON TRANSMISSION HOLDINGS, INC. (NYSE:ALSN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On February 22, 2017, David Denison, a member of the Board of Directors (the “Board”) of Allison Transmission Holdings, Inc. (the “Company”), notified the Board of his decision not to stand for re-election at the Company’s 2017 annual meeting of stockholders. Mr. Denison’s decision not to stand for re-election was not the result of any disagreement with the Company, management or the Board. Mr. Denison will continue to serve as a director and as a member of each of the Audit Committee and Nominating and Corporate Governance Committee of the Board until his current term expires at the 2017 annual meeting of stockholders to be held on May 11, 2017. The Board has approved a reduction in the size of the Board to ten members effective as of the date of the 2017 annual meeting of stockholders.
About ALLISON TRANSMISSION HOLDINGS, INC. (NYSE:ALSN)
Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has developed over 100 different models that are used in over 2,500 different vehicle configurations. ALLISON TRANSMISSION HOLDINGS, INC. (NYSE:ALSN) Recent Trading Information
ALLISON TRANSMISSION HOLDINGS, INC. (NYSE:ALSN) closed its last trading session down -0.56 at 36.55 with 686,486 shares trading hands.