TAYLOR DEVICES, INC. (NASDAQ:TAYD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
Taylor Devices, Inc. announces that Mark V. McDonough, CFO, has resigned as a director of the company as of July 30, 2020. Mr. McDonough will continue to serve the company in his current role as Chief Financial Officer. Consequently, the Board of Directors has appointed Timothy J. Sopko, currently CEO of Taylor Devices, Inc., to fill the vacant seat on the Board.
Mr. Sopko was appointed to the role of Chief Executive Officer on April 29, 2019 and is the former Vice President and General Manager of Carleton Technologies Inc. (d.b.a. Cobham Mission Systems) in Orchard Park, New York. Prior to becoming Vice President and General Manager at Carleton in 2014, Mr. Sopko, held positions of increasing responsibility including, General Manager, Director of Engineering and Programs, Director of Engineering and Director of Business Development.
Mr. Sopko’s Class 2 nomination will stand for election by shareholders at the next Annual Meeting of Shareholders to be held on October 23, 2020.
About TAYLOR DEVICES, INC. (NASDAQ:TAYD)
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of machinery, equipment and structures. The Company’s Seismic Dampers are designed to ameliorate the effects of earthquake tremors on structures. As of May 31, 2016, Fluidicshoks were small, extremely compact shock absorbers with up to 19,200 inch-pound capacities, produced in 15 standard sizes. As of May 31, 2016, crane and industrial buffers were larger versions of the Fluidicshoks with up to 60,000,000 inch-pound capacities, produced in over 60 standard sizes. Its Self-adjusting shock absorbers are designed for high cycle application in heavy industry. Its Liquid die springs are used as component parts of machinery and equipment. Its Vibration dampers are used by the aerospace and defense industries to control the response of electronics and optical systems subjected to air, ship, or spacecraft vibration.