PMFG, Inc. (Parent Of Peerless Mfg. Co.) Concludes Annual Meeting Of Stockholders, Releases Preliminary Results Of Proposal Votes And Director Elections

DALLAS, Nov. 14, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) has concluded its 2013 Annual Meeting of Stockholders.

Based upon the preliminary vote tabulation, the Company announced that the stockholders approved the election of Kenneth R. Hanks and R. Clayton Mulford to serve as directors until the 2016 Annual Meeting of Stockholders, the advisory proposal on the Company's executive compensation program and the appointment of Grant Thornton, LLP as the Company's independent registered public accounting firm for the fiscal year ending June 28, 2014. The Company will file a Form 8-K reporting preliminary voting results today.

The Board of Directors and Compensation Committee will consider the results of the non-binding advisory vote when making future compensation decisions for the named executive officers.

About PMFG

The Company is a leading provider of custom engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. The Company primarily serves the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, the Company markets its systems and products worldwide under the brand names of Peerless Mfg. Co., Burgess-Manning, Bos-Hatten and Alco Products.

The PMFG, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=22218

Safe Harbor Under The Private Securities Litigation Reform Act of 1995

Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words "anticipate," "expect," "believe," "intend" and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These risks and uncertainties include the Company's ability to raise additional capital and to execute its plans and strategies. Other important information regarding factors that may affect the Company's future performance is included in the public reports that the Company files with the SEC, including the information under Item 1A. "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended June 29, 2013. The Company undertakes no obligation to revise any forward-looking statements or to update them to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.
CONTACT: PMFG, Inc.         Mr. Peter J. Burlage, Chief Executive Officer         Mr. Ronald L. McCrummen, Chief Financial Officer         (214) 353-5545         Fax:(214) 351-4172         www.peerlessmfg.com         14651 North Dallas Parkway, Suite 500         Dallas, Texas 75254                  Mr. Shawn Severson         The Blueshirt Group         Phone: (415) 489-2198         Email: shawn@blueshirtgroup.com

PMFG, Inc.

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