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Stock impact report

Art's Way Manufacturing Announces Transition Plan In Anticipation Of Retirement By CEO Carrie Gunnerson

Art's-Way Manufacturing Co., Inc. (ARTW) 
US:NASDAQ Investor Relations: artsway-mfg.com/investor-relations
Company Research Source: PR Newswire
ARMSTRONG, Iowa, March 11, 2020 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces today an anticipated Chief Executive Officer transition from Carrie Gunnerson to David King, to occur in the third quarter of 2020.Carrie Gunnerson, the Company's Chief Executive Officer since 2007, has expressed her desire to transition out of her role as Chief Executive Officer of the Company by mid-2020, pending the Company's identification of a qualified successor.  Following an extensive search by the Board of Directors, on March 5, 2020, the Company entered into an offer letter (the "Offer Letter") with David King, pursuant to which Mr. King is expected to assume the role of Chief Executive Officer upon the anticipated resignation of Ms. Gunnerson in the third quarter of fiscal year 2020. Mr. King's anticipated start date is March 23, 2020 and he Show less Read more
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