HOUSTON WIRE Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(b) On March 11, 2018, Mark A. Ruelle notified the Board of Directors of Houston Wire & Cable Company (the “Company”) of his request to withdraw from consideration as a nominee for re-election to the board at the Company’s 2018 Annual Meeting of Stockholders. Mr. Ruelle cited the growing demands of his current role as President and CEO of Westar Energy, Inc. and the expected demands of his role as non-executive Chairman of the holding company that will be formed upon completion of the pending merger between Great Plains Energy Incorporated and Westar Energy, Inc. Mr. Ruelle will continue to serve as a director of the Company for the balance of his current term, which expires at the Annual Meeting in May 2018.
About HOUSTON WIRE & CABLE COMPANY (NASDAQ:HWCC)
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability. The Company offers products in categories of wire and cable, including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable, and synthetic fiber rope slings, chain, shackles, and other related hardware. The Company also offers private branded products, including its brand LifeGuard, a low smoke zero halogen (LSZH) cable. Its products are used in repair and replacement work.