Houston Wire & Cable Company Elects David Nierenberg to its Board of Directors, Makes Other Governance Changes
HOUSTON WIRE & CABLE (HWCC)
Last houston wire & cable earnings: 11/9 07:30 am
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houwire.com
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Source: GlobeNewswire
HOUSTON, March 11, 2020 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) announced that David Nierenberg has been elected to its Board of Directors, effective March 16, 2020. Mr. Nierenberg is Founder and President of Nierenberg Investment Management Company, Inc. (NIMCO), which manages the D3 Family Funds. The Board of Directors has also appointed Damon Benedict, a partner at NIMCO, as a board observer effective as of the same date. “The D3 Family Funds have been our largest shareholder for some time now,” said William H. Sheffield, Chairman of the Board. “We appreciate both their continuing support as a shareholder and the advice they have provided to the Board. The Board of Directors has concluded it is in the best interests of the corporation and its shareholders to take this relationship one step further.” Mr. Nierenberg, 66, will become a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Mr. Nierenberg is also a member
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