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 OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 3, 2017, the Board of Directors of Titan Machinery Inc. (the “Company”) appointed Bryan “BJ” Knutson, age 39, asChiefOperatingOfficerof the Company, effective immediately. Mr. Knutson will also continue to serve in his current position as Vice President, Ag Operations of the Company.
Prior to his appointment to the additional role ofChiefOperatingOfficer, Mr. Knutson has served as Vice President, Ag Operations of the Company since 2016. Mr. Knutson joined the Company in 2002 where he began his career in sales later moving to store manager, complex manager, and region manager prior to his current role today.
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.