NEW YORK, July 6, 2012 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, is saddened to announce the passing away of long-time director Robert M. Gerrity. Bob died peacefully at the age of 74 on Tuesday, July 3, 2012, at the University of Michigan Hospital in Ann Arbor after complications from heart surgery.
Mr. Lawrence I. Sills, Standard Motor Products' Chairman and Chief Executive Officer, stated, "It is with profound sorrow that we announce the passing of our friend and colleague, Bob Gerrity. Bob provided tremendous spirit, support and guidance to our company. He served on our Board since July 1996 and was Chairman of our Compensation and Management Development Committee. His extensive business experience and unique perspective greatly contributed to Standard and were immeasurable both to our company and our Board. I will dearly miss my friend, and everyone at Standard joins me in extending condolences to his family at this sad time."
The Board will begin the process of searching for a successor and will make an announcement when a new director and a new Chairman of the Compensation and Management Development Committee are selected.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.SOURCE Standard Motor Products, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV