TECHPRECISION CORPORATION (OTCMKTS:TPCS) 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 31, 2017, Leonard M. Anthony, Phillip A. Dur, Michal R.
Holly and Robert Isaman each resigned from the board of directors
(the Board) of TechPrecision Corporation (the
Company). None of Messrs. Anthony, Dur, Holly or
Isaman resigned because of a disagreement with the Company or the
other members of the Board on any matter relating to the Companys
operations, policies or practices. On April 4, 2017, the Board
reduced the number of directors serving on the Board from eight
to four, eliminating the vacancies created by the resignations.
| Item 8.01 | Other Events. |
On April 5, 2017, the Company issued a press release discussing
the resignations of Messrs. Anthony, Dur, Holly and Isaman and
the reduction in the size of the Board. A copy of the press
release is attached hereto as Exhibit 99.1 and incorporated
herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
|
99.1 Press Release of TechPrecision Corporation dated April 5, 2017 |
About TECHPRECISION CORPORATION (OTCMKTS:TPCS)
TechPrecision Corporation is a manufacturer of fabricated and machined metal components and systems. The Company offers a range of services required to transform metallic raw materials into precision finished products. It sells finished products to its customers in three industry groups: defense, energy and precision industrial. Its primary business includes the business of its subsidiary, Ranor, Inc. Its operations in China are conducted through its subsidiary, Wuxi Critical Mechanical Components Co., Ltd. (WCMC). WCMC, through its subcontractors, provides precision component fabrication and machining solutions. Its manufacturing solutions include fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting), and machining operations, including computer numerical controlled horizontal and vertical milling centers. Its projects include the manufacturing of products from various traditional, as well as specialty metal alloys. TECHPRECISION CORPORATION (OTCMKTS:TPCS) Recent Trading Information
TECHPRECISION CORPORATION (OTCMKTS:TPCS) closed its last trading session up +0.001 at 0.740 with 7,397 shares trading hands.