TITAN MACHINERY INC. (NASDAQ:TITN) 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.
(b)Bradley Crews has submitted his resignation as a director of Titan Machinery Inc. (the “Company”), effective February 7, 2019. Mr. Crew’s resignation follows his acceptance of a senior leadership position at CNH Industrial, and is not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. CNH Industrial is Titan’s primary supplier of new equipment and parts, including the Case IH Agriculture, New Holland Agriculture, and Case Construction brands.
About TITAN MACHINERY INC. (NASDAQ:TITN)
Titan Machinery Inc. owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities. It has three business segments: Agriculture, Construction and International. Its agricultural equipment includes machinery and attachments for large-scale farming, and home and garden purposes. Its construction equipment includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining operations. It sells new agricultural and construction equipment. It provides in-store and on-site repair and maintenance services. It also rents equipment and provides ancillary services, such as equipment transportation, global positioning system signal subscriptions, and finance and insurance products.