Park Aerospace Corp. Announces Cooperation Agreement With Huffman Prairie Holdings
20 Abril 2023 - 3:16PM
Park Aerospace Corp. (NYSE-PKE) announced that it has entered into
a Cooperation Agreement with Huffman Prairie Holdings, LLC and
related entities (Huffman Prairie) under which the Company plans to
nominate Shane P. Connor, Huffman Prairie’s Managing Partner, for
election as a Director of the Company at its upcoming 2023 Annual
Shareholders Meeting.
Brian Shore, Park’s Chairman and CEO, said, “The
Park Aerospace Board members and I look forward to welcoming Shane
to our Board of Directors and we look forward to working with Shane
on our Board. I have known Shane for several years, and, based upon
my interactions with Shane, particularly my recent interactions
with him, I have come to understand that Shane is a person of
honor, character and principle. These are traits which are highly
valued at Park, but, in my experience, are not very common in
today’s world. Thank you, Shane, for your willingness to join
Park’s Board.”
Shane Connor serves as Managing Partner of
Huffman Prairie Holdings, LLC and Windancer Holdings, LLC, both of
which are important Park Aerospace shareholders. Prior to Shane’s
current roles, he spent more than a decade working in private and
public equity investing. Shane’s experience ranges from
middle-market private equity to working at multi-billion dollar
small-cap and mid-cap public equity funds. Shane is a Chartered
Financial Analyst, and he graduated Cum Laude from Ohio State
University with a B.S.B.A in Finance. Shane grew up on a farm in
the Dayton, Ohio area.
Park Aerospace Corp. develops and manufactures
solution and hot-melt advanced composite materials used to produce
composite structures for the global aerospace markets. Park’s
advanced composite materials include film adhesives (undergoing
qualification) and lightning strike protection materials. Park
offers an array of composite materials specifically designed for
hand lay-up or automated fiber placement (AFP) manufacturing
applications. Park’s advanced composite materials are used to
produce primary and secondary structures for jet engines, large and
regional transport aircraft, military aircraft, Unmanned Aerial
Vehicles (UAVs commonly referred to as “drones”), business jets,
general aviation aircraft and rotary wing aircraft. Park also
offers specialty ablative materials for rocket motors and nozzles
and specially designed materials for radome applications. As a
complement to Park’s advanced composite materials offering, Park
designs and fabricates composite parts, structures and assemblies
and low volume tooling for the aerospace industry. Target markets
for Park’s composite parts and structures (which include Park’s
proprietary composite SigmaStrut™ and AlphaStrut™ product lines)
are, among others, prototype and development aircraft, special
mission aircraft, spares for legacy military and civilian aircraft
and exotic spacecraft. Park’s objective is to do what others are
either unwilling or unable to do. When nobody else wants to do it
because it is too difficult, too small or too annoying, sign us
up.
Additional corporate information is available on
the Company’s web site at www.parkaerospace.com.
Contact: Donna D’Amico-Annitto486 North Oliver
Road, Bldg. ZNewton, Kansas 67114(316) 283-6500
Park Aerospace (NYSE:PKE)
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