Twin Disc, Incorporated Appoints Michael C. Smiley as A Member of the Board of Directors, Audit Committee and the Finance and Risk Management Committee
August 07, 2019 at 11:05 am
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On August 1, 2019, the Board of Directors of Twin Disc, Incorporated increased the size of the Board of Directors from seven to eight, and appointed Michael C. Smiley as a member of the Board of Directors of the company to fill the vacancy created by the expansion of the Board of Directors. Mr. Smiley's appointment to the Board of Directors is effective immediately. Mr. Smiley is in the class of directors whose terms will expire in 2020 Mr. Smiley was also appointed to serve on the following committees of the Board of Directors: Audit Committee and the Finance and Risk Management Committee.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company has two reportable segments: Manufacturing and Distribution. The Companyâs products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company also designs and manufactures gearboxes and power transmission components. It provides modeling, modernization, gearbox repair and maintenance services as well as spare parts. The Companyâs worldwide sales to both domestic and foreign customers are conducted through a direct sales force and a distributor network.
Twin Disc, Incorporated Appoints Michael C. Smiley as A Member of the Board of Directors, Audit Committee and the Finance and Risk Management Committee