Mesa, Arizona - American Insulock, a manufacturer of polyurethane insulating blocks, has appointed Randy Innis, Cynthia Corbin and Glen Roberts as directors, effective immediately, a 7 Dec company statement said. Innis will also become chairman of the board.
Kenneth Russell, Robert Jamieson Sr., and Robert Jamieson Jr. have resigned as directors. Robert Jamieson Sr. will continue his position as president, and Robert Jamieson Jr. will continue his position as cfo, the statement said. American Insulock said the changes were facilitated by its shareholders.
The board changes come after a group of American Insulaock shareholders, led by the company's former ceo, filed a resolution on 20 Oct with the Canadian province of British Columbia suggesting that American Insulock's board of directors and upper management should be removed from office. At the core of shareholder complaints was the assertion that company officials have done an inadequate job of disclosing company financials and activities by way of annual general meetings or investor relations.
The directors and officers of the company are as follows:
Randy Innis - chairman of the board
Cynthia Corbin - director
Glen Roberts - director
Robert Jamieson Sr. - president
Robert Jamieson Jr. - cfo (RD)