LAS VEGAS, July 16 , 2013 /PRNewswire/ -- American Pacific Corporation (APFC), also known as AMPAC, today announced that its board of directors has established the new position of independent Lead Director and, at its July 8, 2013 meeting, elected Mr. Jan Loeb to the position of Lead Director.
The Lead Director position is intended to enhance the board's focus on corporate governance matters. In this newly-created role, Mr. Loeb will preside at executive sessions of the board and be responsible for discussing the results of the executive sessions with the Chief Executive Officer. He also will assist in various administrative aspects of communicating with independent directors.
Mr. Loeb, who has been a member of the AMPAC board of directors since 1997, said "I look forward to working with my fellow directors to enhance AMPAC's corporate governance practices and continuing our focus on the voice of the shareholders."
"Over the course of the past few years, we have steadily improved our disclosure and communications with shareholders, as a means of strengthening our overall corporate governance efforts," said Joe Carleone, Chairman and CEO of AMPAC. "Today's announcement continues that trend with the appointment of a Lead Director. I am grateful for Mr. Loeb's willingness to assume this new position as we strive for excellence in AMPAC's corporate governance practices."
RISK FACTORS/FORWARD-LOOKING STATEMENTS
Statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include statements regarding AMPAC's expectations, beliefs or intentions regarding the future and other statements of director's or management's opinions. Forward-looking statements in this press release include, without limitation, statements concerning AMPAC's ability to enhance, strengthen or strive for excellence with respect to its corporate governance practices as well as statements regarding its continuing focus on the voice of the shareholders. Words such as "anticipate", "expect", "can", "will" and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause AMPAC's actual results, market performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by AMPAC that any of its expectations will be achieved. Factors that could cause actual results to differ materially from such forward-looking statements include risks and uncertainties detailed in AMPAC's periodic and other filings with the Securities and Exchange Commission, including in Management's Discussion and Analysis of Financial Condition and Results of Operations and in Risk Factors in AMPAC's annual report on Form 10-K for the fiscal year ended September 30, 2012 and quarterly reports on Form 10-Q for the quarters ended December 31, 2012 and March 31, 2013. All forward-looking statements contained in this release are made as of the date hereof, based on information available to AMPAC as of the date hereof, and AMPAC assumes no obligation to update any forward-looking statement, whether for actual results or otherwise, except as required by law.
ABOUT AMERICAN PACIFIC CORPORATION
American Pacific Corporation (AMPAC) is a leading custom manufacturer of fine chemicals and specialty chemicals within its focused markets. We supply active pharmaceutical ingredients and advanced intermediates to the pharmaceutical industry. For the aerospace and defense industry we provide specialty chemicals used in solid rocket motors for space launch and military missiles. We produce clean agent chemicals for the fire protection industry, as well as electro-chemical equipment for the water treatment industry. Our products are designed to meet customer specifications and often must meet certain governmental and regulatory approvals. Additional information about us can be obtained by visiting our web site at www.apfc.com.
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