Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer,
manufacturer and marketer of material handling products, announced the
appointment of Kurt Wozniak as Vice President and an Officer of Columbus
Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturer and marketer of material handling products, announced the appointment of Kurt Wozniak as Vice President and an Officer of Columbus McKinnon Corporation by its Board of Directors.
Kurt Wozniak (Photo: Business Wire)
Mr. Wozniak, a member of the CMCO Executive Committee, has been serving Columbus McKinnon as Managing Director of Latin America since July 2010 and has been a significant contributor to both the strategic direction and operational results during this time. He joined Columbus McKinnon in 1999 and held prior roles as Director of Corporate Development and Director of Materials Management. In his role as Vice President, Latin America, Mr. Wozniak will continue to provide his expertise to that critical region as well as to global Columbus McKinnon matters. Mr. Wozniak has a Bachelor of Science degree in Industrial Engineering from GMI Engineering and Management Institute and an MBA in Finance and International Business from the University of Michigan. About Columbus McKinnon Columbus McKinnon is a global leader in the material handling industry, supplying products and systems that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, cranes, actuators, chain and forged attachments. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available on its website at http://www.cmworks.com. Safe Harbor StatementThis news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the effect of operating leverage, the pace of bookings relative to shipments, the ability to expand into new markets and geographic regions, the success in acquiring new business, the speed at which shipments improve, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50364030&lang=en
Shareholders of Columbus McKinnon Corp. looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the September covered call at the $30 strike and collect the premium based on the $1.20 bid, which annualizes to an additional 7.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 8% annualized rate in the scenario where the stock is not called away.
Shares of Columbus McKinnon Corporation (Nasdaq:CMCO) were gapping up Thursday morning with an open price 13.5% higher than Wednesday's closing price. The stock closed at $13.88 yesterday and opened today's trading at $15.75.