Brief: Dynatronics Corporation Announces Leadership Transition

Dynatronics

21/02/2018 13:00

Feb 21 (Reuters) - Dynatronics Corp  DYNT.O : 
    * ORATION ANNOUNCES LEADERSHIP TRANSITION 
    * ANNOUNCES SEPARATION OF ITS CHAIRMANSHIP AND CHIEF 
EXECUTIVE 
OFFICER POSITIONS 
    * KELVYN CULLIMORE, CHAIRMAN AND, SINCE 1992, PRESIDENT AND 
CEO 
OF DYNATRONICS, WILL STEP DOWN FROM THOSE ROLES 
    * CULLIMORE WILL BE REPLACED AS CEO UPON APPOINTMENT OF A 
SUCCESSOR, WHICH IS EXPECTED BY JUNE 30, 2018 
    * CULLIMORE WILL CONTINUE TO SERVE AS A NON-EMPLOYEE MEMBER 
OF 
BOARD OF DIRECTORS 
    * ANNOUNCED APPOINTMENT OF ERIN ENRIGHT AS CHAIRMAN OF 
BOARD OF 
DIRECTORS EFFECTIVE IMMEDIATELY 
    * AS A RESULT OF CULLIMORE'S ANTICIPATED DEPARTURE, EXPECTS 
TO 
RECORD A CHARGE OF ABOUT $0.11 PER SHARE IN Q3 
    * DYNATRONICS - ALSO ANNOUNCED DESIGNATION OF NEW THERAPY 
PRODUCTS DIVISION, TO BE LED BY BRIAN BAKER, EFFECTIVE 
IMMEDIATELY 
 
Source text for Eikon:  ID:nPn2GS0Nma  
Further company coverage:  DYNT.O  
 
 (Bangalore.newsroom@thomsonreuters.com)