LAS VEGAS, July 16 , 2013 /PRNewswire/ -- American
Pacific Corporation (Nasdaq: APFC), also known as AMPAC, today
announced that its board of directors has established the new
position of independent Lead Director and, at its July 8, 2013 meeting, elected Mr. Jan Loeb to the position of Lead Director.
The Lead Director position is intended to enhance the board's
focus on corporate governance matters. In this newly-created
role, Mr. Loeb will preside at executive sessions of the board and
be responsible for discussing the results of the executive sessions
with the Chief Executive Officer. He also will assist in various
administrative aspects of communicating with independent
directors.
Mr. Loeb, who has been a member of the AMPAC board of directors
since 1997, said "I look forward to working with my fellow
directors to enhance AMPAC's corporate governance practices and
continuing our focus on the voice of the shareholders."
"Over the course of the past few years, we have steadily
improved our disclosure and communications with shareholders, as a
means of strengthening our overall corporate governance efforts,"
said Joe Carleone, Chairman and CEO
of AMPAC. "Today's announcement continues that trend with the
appointment of a Lead Director. I am grateful for Mr. Loeb's
willingness to assume this new position as we strive for excellence
in AMPAC's corporate governance practices."
RISK FACTORS/FORWARD-LOOKING STATEMENTS
Statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking
statements include statements regarding AMPAC's expectations,
beliefs or intentions regarding the future and other statements of
director's or management's opinions. Forward-looking statements in
this press release include, without limitation, statements
concerning AMPAC's ability to enhance, strengthen or strive for
excellence with respect to its corporate governance practices as
well as statements regarding its continuing focus on the voice of
the shareholders. Words such as "anticipate", "expect", "can",
"will" and similar expressions are intended to identify
forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause AMPAC's actual results, market performance or achievements to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements. The inclusion of forward-looking statements should not
be regarded as a representation by AMPAC that any of its
expectations will be achieved. Factors that could cause actual
results to differ materially from such forward-looking statements
include risks and uncertainties detailed in AMPAC's periodic and
other filings with the Securities and Exchange Commission,
including in Management's Discussion and Analysis of Financial
Condition and Results of Operations and in Risk Factors in AMPAC's
annual report on Form 10-K for the fiscal year ended September 30, 2012 and quarterly reports on Form
10-Q for the quarters ended December 31,
2012 and March 31, 2013. All
forward-looking statements contained in this release are made as of
the date hereof, based on information available to AMPAC as of the
date hereof, and AMPAC assumes no obligation to update any
forward-looking statement, whether for actual results or otherwise,
except as required by law.
ABOUT AMERICAN PACIFIC CORPORATION
American Pacific Corporation (AMPAC) is a leading custom
manufacturer of fine chemicals and specialty chemicals within its
focused markets. We supply active pharmaceutical ingredients
and advanced intermediates to the pharmaceutical industry.
For the aerospace and defense industry we provide specialty
chemicals used in solid rocket motors for space launch and military
missiles. We produce clean agent chemicals for the fire
protection industry, as well as electro-chemical equipment for the
water treatment industry. Our products are designed to meet
customer specifications and often must meet certain governmental
and regulatory approvals. Additional information about us can be
obtained by visiting our web site at www.apfc.com.
Contact: Joseph Carleone –
(702) 735-2200
E-mail: InvestorRelations@apfc.com
Website: www.apfc.com
SOURCE American Pacific Corporation
