This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LoJack Elects Former Bowne & Company Executive David J. Shea To The Board Of Directors

CANTON, Mass., Jan. 22, 2013 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN), the company that invented the Stolen Vehicle Recovery market, today announced the election of David J. Shea, 57, the former Chairman and Chief Executive Officer of Bowne & Company, to the Board of Directors, effective immediately. Shea will serve on the Audit Committee.


Shea, who joined Bowne in 1998, was named Chairman and CEO in January 2007. During the next four years, he led the company through a transformative process that included implementing new market strategies, streamlining operations through the divestiture of non-core assets, introducing new products, forging new joint ventures, enhancing liquidity and completing a number of strategic acquisitions.  In November 2010, he oversaw the sale of Bowne to RR Donnelley, generating a 67% premium for shareholders. Shea currently serves on the board of privately held Document Technologies, Inc., a technology services company owned by the New York private equity firm Harvest Partners LP.

With the addition of Shea, the LoJack Board of Directors will consist of nine members, including seven independent directors.   

"Dave is a highly accomplished leader who brings to our Board both strategic vision and a track record of significant operating results achieved over more than 30 years in the technology services industry," said LoJack Chairman Rory Cowan. "In leading the Board at Bowne, he demonstrated not only a commitment to corporate governance but also overwhelming success in translating strategy into value for the company's shareholders."

Commenting on his appointment, Shea said, "This is an exciting time for LoJack, as the Company focuses on expanding its leading position in stolen vehicle recovery to a broad range of best-in-class products and services for the 'connected car' market. LoJack is the preeminent global brand for safety, security and protection. I look forward to working with the board and management team to help lead the Company to a bright and profitable future."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs