Fred D. Gibson, Jr., said, "It has been my privilege to serve AMPAC and its stockholders alongside my fellow Board members, and I am proud of all we have achieved. During my more than 50 years at AMPAC and its predecessor, the Company has undergone a transformative evolution into a leading custom manufacturer of fine chemicals and specialty chemicals within its focused markets. Throughout this evolution, we have remained focused on creating value for AMPAC stockholders while successfully expanding the Company's customer base and product distribution around the globe."
Ms. Williams said, "AMPAC has achieved a well-deserved reputation in the aerospace industry for delivering high-quality and reliable technology and service. I am confident that the Company is on the right path and in capable hands to leverage its longstanding customer relationships to build on its success and develop into a stronger and more successful company."
Mr. Willard said, "We have accomplished a great deal during my time on the AMPAC Board, including the execution of initiatives that have led to significant profitable growth in In-Space Propulsion and the value creating divestiture of the ISP business. It has been an honor to serve on this Board, and I am confident that the Company is well positioned to continue generating value for all of its stakeholders."
Pursuant to the bylaws of the Company, following the effective dates of the retirements of Mr. Gibson, Ms. Williams and Mr. Willard, the AMPAC Board of Directors will comprise nine highly-qualified and experienced directors.
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 continue to create stockholder value and statements concerning AMPAC's, position, direction and ability to leverage its longstanding customer relationships to build on its success and develop into a stronger and more successful company. 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, 2011
and quarterly reports on Form 10-Q for the quarters ended
December 31, 2011
March 31, 2012
June 30, 2012
. 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
– (702) 735-2200E-mail:
SOURCE American Pacific Corporation