Business Context and Reporting Period
This Form 8-K filing by Ampco-Pittsburgh Corporation reports a corporate governance event dated February 28, 2018. The report concerns the departure of a director from the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding a specific event and does not contain financial statements or performance metrics.
Material Changes
The material change disclosed is the announcement that Paul A. Gould will not seek re-election to the Board of Directors when his term expires at the 2018 annual meeting of shareholders. Mr. Gould will continue to serve until the conclusion of his current term.
Management Commentary and Risks
- Reason for Departure: The Company states that, to its knowledge, Mr. Gould's decision is not related to any disagreement with the Company regarding operations, policies, or practices.
- Director Background: Mr. Gould, age 72, has served on the Board since 2002.
- Risks and Contingencies: No specific financial risks, contingencies, or unusual items are disclosed in this filing.
Key Facts for Investor Verification
- Paul A. Gould will not run for re-election at the 2018 annual shareholder meeting.
- Mr. Gould will remain on the Board until his current term expires.
- The departure is not attributed to any disagreement with the Company.
- Mr. Gould has been a director since 2002.