Taylor Devices, Inc. has announced that Alan R. Klembczyk, the President and a Board member, will retire as President effective June 1, 2025, and will not seek reelection to the Board at the 2025 Annual Meeting. He will continue to serve on the Board until his term expires. Concurrently, Klembczyk entered into a Retirement Agreement with the company to provide support services as an employee until November 30, 2025. He will retain his current salary, remain eligible for his current benefits, and his outstanding stock options will remain exercisable under specific conditions.
Names for clarity: - Taylor Devices, Inc. - Alan R. Klembczyk - Timothy J. Sopko