American Vanguard (AVD) just unveiled an update.
American Vanguard Corporation announced the retirement of Morton D. Erlich from its Board and the appointment of Steven Macicek as his successor, effective after Erlich’s departure on March 15, 2024. Erlich’s exit is not due to any disagreements, and Macicek, recruited by James Drury Partners, will chair the Audit Committee without any prior transactions with the company. Moreover, the Board has adopted a Severance Plan for Senior Executive Employees, providing generous compensation in case of termination. Additionally, shareholders can look forward to a $0.03 per share cash dividend payable on April 10 to those on record as of March 27.
Learn more about AVD stock on TipRanks’ Stock Analysis page.
