Standard Motor Says President And CEO Eric Sills To Succeed Lawrence Sills As Chairman Of Board

RTTNews | 812 days ago
Stocktwits
Standard Motor Says President And CEO Eric Sills To Succeed Lawrence Sills As Chairman Of Board

(RTTNews) - Automotive parts manufacturer Standard Motor Products, Inc. (SMP) announced Wednesday changes in the composition of its Board of Directors. Effective at the end of their current terms, in May of 2023, Lawrence Sills, Chairman of the Board, and William Turner, Presiding Independent Director, will each assume the role of Director Emeritus.

Concurrently, Eric Sills, Chief Executive Officer and President, will succeed Lawrence Sills as Chairman of the Board, Alisa Norris, currently Chair of the Compensation and Management Development Committee, will succeed Turner as Presiding Independent Director, and Pamela Puryear, will succeed Norris as Chair of that committee.

Finally, effective December 15, 2022, James Burke will join the Board of Directors while remaining in his current position of Chief Operating Officer.

To accommodate these changes, the Board of Directors has voted to temporarily increase the size of the Board from nine to ten, effective December 15, 2022, and to reduce it from ten to eight in May 2023 upon the move of Sills and Turner to Directors Emeritus. At that point, the Board will consist of six independent and two non-independent directors.

Tags: SMP
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Standard Motor Products Q1 Results Top Estimates

Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.
RTTNews | 315 days ago
Standard Motor Products Q1 Results Top Estimates

Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter plunged to $12.70 million or $0.57 per share from $20.56 million or $0.87 per share in the prior-year quarter.
RTTNews | 679 days ago
Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.
RTTNews | 749 days ago
Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the second quarter declined to $20.79 million or $0.93 per share from $28.0 million or $1.23 per share in the prior-year quarter.
RTTNews | 952 days ago
Canadian Dollar Higher After Soft U.S. Inflation Data

Canadian Dollar Higher After Soft U.S. Inflation Data

The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday, as U.S. inflation report came in cooler than expected in February, suggesting that the Federal Reserve will resume rate cuts in June.
RTTNews | 6h 41min ago
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a buoyant note on Wednesday, in line with markets across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected increase in U.S. consumer prices in the month of February lifted investor sentiment.
RTTNews | 6h 54min ago
Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data. Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.
RTTNews | 9h 24min ago
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