SOURCE: Aldila, Inc.

Aldila, Inc.

August 20, 2010 16:15 ET

Aldila Reports Results of Annual Shareholders Meeting; Appoints New Corporate Secretary

POWAY, CA--(Marketwire - August 20, 2010) -  ALDILA, INC. (OTCQX: ALDA) held its Annual Meeting of Shareholders on August 18, 2010 at its corporate headquarters in Poway, California. Of the 5,274,499 shareholders of record as of June 21, 2010, 4,642,930 were present in person or by proxy at the meeting. The shareholders were asked to re-elect the two directors and to ratify the selection of Aldila's independent public accountants.

The voting results from the meeting were as follows:

Election of Directors:

  For Withheld
Thomas A. Brand 2,907,386 13,165
Peter R. Mathewson 2,421,621 498,930

Ratification of Mayer Hoffman McCann P.C. as Independent Public Accountants:

For Against Abstain
4,603,334 32,619 6,977

Immediately following the Annual Meeting of Shareholders, the Board of Directors met and re-elected the existing officers to continue to serve in their existing positions, except that the Board accepted the resignation of Robert J. Cierzan as Secretary. He will continue to hold the position of Senior Vice President - Composite Materials. 

At the same meeting, the Board elected Scott M. Bier as Secretary. Mr. Bier will also continue to hold his existing positions of Vice-President-Finance/Chief Financial Officer, Treasurer and Principal Financial Officer, and Principal Accounting Officer. There was no other change in the terms and conditions of Mr. Bier's employment or compensation.

Mr. Bier joined Aldila in 1998 as its Assistant Controller. He was promoted to Controller in January 2002, to Vice President, Controller in December 2005 and to Vice President/Chief Financial Officer in May 2008. Before joining Aldila, Mr. Bier was a Certified Public Accountant with the national firm of Deloitte. He is not a member of any board of directors of any other company.

As of August 18, 2010, Mr. Bier owns 12,749 shares of Aldila common stock, 8,575 of which is held in the form of restricted stock issued under the Aldila 2009 Equity Incentive Plan and the 1994 Stock Option Plan. He has no family members that are officers, directors, employees or beneficial owners of more than 5% of Aldila's equity securities. None of his family members do business with Aldila. Mr. Bier has no direct or indirect interest in any transaction with Aldila, except his compensation as an officer.

For additional information about Aldila, Inc., please go to the Company's website at www.aldila.com.

Contact Information

  • Investor/Media Contacts:
    Scott M. Bier, Vice President, CFO
    Sylvia J. Castle, Investor Relations
    Aldila, Inc., (858) 513-1801