This Day On The Street
Continue to site
ADVERTISEMENT
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

FreightCar America, Inc. Announces Resignation Of Thomas M. Fitzpatrick From Its Board Of Directors

FreightCar America, Inc. (NASDAQ: RAIL) today announced that Thomas M. Fitzpatrick resigned from its Board of Directors, effective February 25, 2013, to pursue other activities. As a result of Mr. Fitzpatrick’s departure, the number of directors on the Board will be reduced to seven.

William D. Gehl, Chairman of the Board of Directors, stated, “On behalf of the management team and the Board of Directors, I would like to thank Tom for his service to FreightCar America over the past seven years as a director and as Chairman. Under Tom’s leadership, the Company maintained a strong balance sheet, diversified its product and service offerings and successfully managed the often extreme volatility in our markets. We wish him all the best in his future endeavors.”

Mr. Fitzpatrick commented, “Since joining the Board of Directors in 2005, I have enjoyed working collaboratively with the senior management team and my fellow directors to strategically position the Company for success. It is bittersweet moving on at this point in light of the recently announced strategic initiative. I am confident that the Company is well positioned to capitalize on this exciting opportunity to create value for its shareholders.”

FreightCar America, Inc. manufactures railroad freight cars, supplies railcar parts, leases freight cars through its JAIX Leasing Company subsidiary, and provides railcar maintenance, repairs and management through its FreightCar Rail Services, LLC subsidiary. FreightCar America designs and builds coal cars, bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has facilities in the following locations: Clinton, Indiana, Cherokee, Alabama, Danville, Illinois, Lakewood, Colorado, Grand Island, Nebraska, Hastings, Nebraska, Johnstown, Pennsylvania, and Roanoke, Virginia. More information about FreightCar America is available on its website at www.freightcaramerica.com.



Copyright Business Wire 2010

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs