Paul Coombs Not Stands for Re-Election as Member of Class 2 of the Board of Balchem Corporation
February 12, 2021 at 03:31 pm
Share
On February 10, 2021, Paul Coombs, a member of the Board of Directors (the 'Board') of Balchem Corporation (the 'Company'), notified the Board that he would not stand for re-election as a member of Class 2 of the Board for the 2021-2024 period. Mr. Coomb’s term as a director will end at the conclusion of the annual meeting of shareholders of the Company on June 17, 2021. Mr. Coomb’s decision was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Balchem Corporation develops, manufactures, distributes and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition and industrial markets. The Company's segments include Human Nutrition and Health (HNH), Animal Nutrition and Health (ANH), and Specialty Products. The HNH segment provides human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. This segment also manufactures specialty vitamin K2, which plays a role in the human body for bone health, heart health and immunity, and methylsulfonylmethane (MSM). ANH segment provides nutritional products derived from its microencapsulation and chelation technologies in addition to the nutrient choline chloride. Through Specialty Products, it re-packages and distributes a number of gases and chemicals for various uses by its customers, notably ethylene oxide, propylene oxide, and ammonia.