Ferragamo Belt Gold

Ferragamo Belt Gold

Ferragamo Belt Gold

PASADENA After enduring months of attacks that questioned his leadership, Ameron International Corp. CEO James S. Marlen has retained his post and can also serve another three year term as a director. Shareholders re elected Marlen this week as head of the Pasadena based company. But they ousted fellow board member David Davenport in favor of James A. Mitarotonda, CEO of Barington Capital Group LP, an aggressive hedge fund that had sought to remove Marlen from the company. "We lost a very good director . that's at the bottom of it," Marlen said Thursday. "The board was disappointed. They felt the director we lost was highly qualified." Barington has alleged that Marlen lacks a strategic long term vision for Gucci Belt G Buckle

Ferragamo Belt Gold

´╗┐Ameron CEO retains seat

Ferragamo Belt Gold

Ferragamo Belt Gold

Ameron and has squandered opportunities that would have increased the company's earnings potential. Ameron, along with its subsidiaries, manufactures and sells engineered products and materials for the chemical, industrial, energy, transportation and infrastructure industries. Its business is broken into Ferragamo Belt Gold three divisions fiberglass composite pipe, water transmission and infrastructure products. Marlen and Ameron's independent board of directors have fiercely defended his leadership, noting that the company has been operating in a tough economic climate. Ameron produced a return of about 11 percent a year during Marlen's time with the company from June 30, 1993 to Jan. 31, 2011, according to the board. Still, recent figures reveal that economic conditions have taken a toll on the company's earnings. On Wednesday, Ameron reported a net loss of $4.3 million, or 47 cents a share, for its fiscal first quarter ended Feb. 27. That compares with a profit of $1.1 million, or 12 cents per share, for the same High Quality Louis Vuitton Belt Replica

quarter a year earlier. The voting from Tuesday's election has yet to be finalized. But preliminary results indicate that about 72 percent of the votes cast supported the election of Mitarotonda. "The preliminary results demonstrate that stockholders overwhelmingly agree with us that there is a need for change at Ameron," Mitarotonda said in a statement. "I look forward to joining the Ameron board and working constructively with all of the company's incumbent directors to help improve Ameron's operations, profitability and corporate governance." Marlen, who plans to retire in March of 2012, said weather delays and a typical post holiday slowness have impacted Ameron's earnings. But the problems run deeper than that, he said. "Overlapping all of that is the fact there is still a recession in many of markets where we Gucci Belt White Red And Green

operate especially in the western region," he said. "There is no capital funding for major projects. We're cutting costs and streamlining our facilities." Ameron shares closed down 3 cents Thursday to $69.79. Over the past 52 weeks the shares have ranged from a high of $85.25 to a low of $55.42. 2701

Ferragamo Belt Gold

Ferragamo Belt Gold

Ferragamo Belt Gold

Ferragamo Belt Gold

Ferragamo Belt Gold

Ferragamo Belt Gold

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