Standard Motor Says President And CEO Eric Sills To Succeed Lawrence Sills As Chairman Of Board

RTTNews | 903天前
Standard Motor Says President And CEO Eric Sills To Succeed Lawrence Sills As Chairman Of Board

(RTTNews) - Automotive parts manufacturer Standard Motor Products, Inc. (SMP) announced Wednesday changes in the composition of its Board of Directors. Effective at the end of their current terms, in May of 2023, Lawrence Sills, Chairman of the Board, and William Turner, Presiding Independent Director, will each assume the role of Director Emeritus.

Concurrently, Eric Sills, Chief Executive Officer and President, will succeed Lawrence Sills as Chairman of the Board, Alisa Norris, currently Chair of the Compensation and Management Development Committee, will succeed Turner as Presiding Independent Director, and Pamela Puryear, will succeed Norris as Chair of that committee.

Finally, effective December 15, 2022, James Burke will join the Board of Directors while remaining in his current position of Chief Operating Officer.

To accommodate these changes, the Board of Directors has voted to temporarily increase the size of the Board from nine to ten, effective December 15, 2022, and to reduce it from ten to eight in May 2023 upon the move of Sills and Turner to Directors Emeritus. At that point, the Board will consist of six independent and two non-independent directors.

read more
Standard Motor Products Q1 Results Top Estimates

Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.
RTTNews | 406天前
Standard Motor Products Q1 Results Top Estimates

Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter plunged to $12.70 million or $0.57 per share from $20.56 million or $0.87 per share in the prior-year quarter.
RTTNews | 770天前
Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.
RTTNews | 840天前
Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the second quarter declined to $20.79 million or $0.93 per share from $28.0 million or $1.23 per share in the prior-year quarter.
RTTNews | 1043天前
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 26分钟前
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 56分钟前
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 1小时26分钟前
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 1小时41分钟前