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Sparton Announces Director Election Results


//science-technology.news-articles.net/content/2 .. sparton-announces-director-election-results.html
Published in Science and Technology on Thursday, October 27th 2011 at 8:12 GMT by Market Wire   Print publication without navigation


SCHAUMBURG, Ill.--([ BUSINESS WIRE ])--Sparton Corporation (NYSE: SPA) today announced that at its Annual Meeting of Shareholdersa held on October 26, 2011, Mr. James D. Fast, Mr. Joseph J. Hartnett, Mr. David P. Molfenter , Mr. Douglas R. Schrank, Mr. James R. Swartwout, and Mr. Cary B. Wood were re-elected to Spartonas Board of Directors, each for a one-year term. As described in the most recent proxy statement, the number of directors on the Board is currently set at six. The Board is continuing its search for a director and intends to increase the minimum number to seven once a candidate is selected.

The Board of Directors also approved the appointment of directors to the Boardas Committees and Chair positions as follows:

  • Chairman of the Board a" Mr. James R. Swartwout
  • Governance/Nominating a" Mr. David P. Molfenter (Chair), Mr. James D. Fast, Mr. Douglas R. Schrank
  • Audit Committee a" Mr. Joseph J. Hartnett (Chair), Mr. Douglas R. Schrank, Mr. James R. Swartwout
  • Compensation Committeea" Mr. James D. Fast (Chair), Mr. Joseph J. Hartnett, Mr. David P. Molfenter

With the reduction of the board to seven members, the Executive Committee has been dissolved.

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 111th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service. The primary market classifications served are Navigation & Exploration, Defense & Security, Medical, and Complex Systems. Headquartered in Schaumburg, IL, Sparton currently has five manufacturing locations worldwide. Sparton's Web site may be accessed at [ http://www.sparton.com ].


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