ROHN News Yesterday Insider Buying and founder retirement. Looks like they are in good shape 'eh? Founders retire when things are going well.
ROHN INDUSTRIES, INC. DIRECTOR FILES SEC FORM 4
WASHINGTON, DC, Jan. 18, 2000 (States via COMTEX) -- Michael E. Levine
of Woodbridge, CT, a Director of ROHN Industries, Inc. (SYMBOL: ROHN),
accumulated 62,000 shares in 3 transactions for between $2.81 - $3.54
each between December 01, 1999 and December 06, 1999. Michael E. Levine
currently owns 62,000 shares. A Form 4 reporting the transaction was
filed with the Securities and Exchange Commission on January 06, 1900.
AND:
ROHN INDUSTRIES ANNOUNCES RETIREMENT OF SHELTER DIVISION PRESIDENT
PEORIA, Ill., Jan 19, 2000 /PRNewswire via COMTEX/ -- ROHN Industries,
Inc. (Nasdaq: ROHN), a leading provider of telecommunications
infrastructure equipment for the wireless and fiber optic industry,
announced today the retirement of Richard L. Rohn, President of the
Shelter Division, effective March 5, 2000.
As part of ROHN's continuing efforts to streamline its operations and
reduce costs, Mr. Rohn's position will not be replaced. Horace Ward,
Plant Manager for the Shelter Division, will assume operational
responsibility for the Division, and will report directly to Brian B.
Pemberton, President and Chief Executive Officer. The sales and finance
functions of the Shelter Division will report to corporate sales and to
corporate finance, respectively.
In commenting on Mr. Rohn's pending departure, Mr. Pemberton stated:
"Richard has played an important role in building ROHN's shelter
division. On behalf of the Board of Directors and entire management
team, I would like to personally thank him for 37 years of hard work
and dedication to the company that his father founded. We wish Richard
all the best in his future endeavors."
ROHN Industries, Inc. is a leading manufacturer and installer of
telecommunications infrastructure equipment for the wireless and fiber
optic industry. The Company's products include towers, equipment
enclosures/shelters, cabinets, poles and antenna mounts. ROHN has
manufacturing locations in Peoria, Illinois; Frankfort, Indiana; and
Bessemer, Alabama.
SOURCE ROHN Industries, Inc.
(C) 2000 PR Newswire. All rights reserved.
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