Tecumseh Products Company Announces Meeting and Record Dates for 2010 Annual Shareholders Meeting
February 08 2010 - 6:03PM
PR Newswire (US)
ANN ARBOR, Mich., Feb. 8 /PRNewswire-FirstCall/ -- Tecumseh
Products Company (NASDAQ:TECUANASDAQ:TECUB), a leading global
manufacturer of compressors and related products, announced today
that Tues., March 2, 2010, will be the record date for its annual
shareholders meeting, which will be held on Wed., April 28. The
meeting location will be announced in the company's proxy filing.
If a shareholder intends to present any proposal for inclusion in
the company's proxy statement and consideration at the annual
meeting, the secretary of the company must receive the proposal by
Feb. 18. Similarly, if a shareholder intends to nominate a person
for election to the company's board of directors or to propose
other business, the shareholder must deliver a notice of nomination
or proposal by Feb. 18. About Tecumseh Products Company Tecumseh
Products Company is a full-line independent global manufacturer of
hermetically sealed compressors for residential and commercial
refrigerators, freezers, water coolers, dehumidifiers, window air
conditioning units and residential and commercial central system
air conditioners and heat pumps. Press releases and other investor
information can be accessed via the Investor Relations section of
Tecumseh Products Company's website at http://www.tecumseh.com/.
Cautionary Statements Relating to Forward-Looking Statements This
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 that are
subject to the safe harbor provisions created by that Act. In
addition, forward-looking statements may be made orally in the
future by or on behalf of the Company. Forward-looking statements
can be identified by the use of terms such as "expects," "should,"
"may," "believes," "anticipates," "will" and other future tense and
forward-looking terminology. Readers are cautioned that actual
results may differ materially from those projected as a result of
certain risks and uncertainties, including, but not limited to, i)
unfavorable changes in macro-economic conditions and the condition
of credit markets, which may magnify other risk factors; ii) the
success of our ongoing effort to bring costs in line with projected
production levels and product mix; iii) financial market changes,
including fluctuations in foreign currency exchange rates and
interest rates; iv) availability and cost of materials,
particularly commodities, including steel and copper, whose cost
can be subject to significant variation; v) actions of competitors;
vi) our ability to maintain adequate liquidity in total and within
each foreign operation; vii) the effect of terrorist activity and
armed conflict; viii) economic trend factors such as housing
starts; ix) the ultimate cost of resolving environmental and legal
matters, including any liabilities resulting from the regulatory
antitrust investigations commenced by the United States Department
of Justice Antitrust Division, the Secretariat of Economic Law of
the Ministry of Justice of Brazil or the European Commission, any
of which could preclude commercialization of products or adversely
affect profitability and/or civil litigation related to such
investigations; x) emerging governmental regulations; xi) the
ultimate cost of resolving environmental and legal matters; xii)
our ability to profitably develop, manufacture and sell both new
and existing products; xiii) the extent of any business disruption
that may result from the restructuring and realignment of our
manufacturing operations or system implementations, the ultimate
cost of those initiatives and the amount of savings actually
realized; xiv) the extent of any business disruption caused by work
stoppages initiated by organized labor unions; xv) potential
political and economic adversities that could adversely affect
anticipated sales and production in Brazil; xvi) potential
political and economic adversities that could adversely affect
anticipated sales and production in India, including potential
military conflict with neighboring countries; xvii) increased or
unexpected warranty claims; and xviii) the ongoing financial health
of major customers. These forward-looking statements are made only
as of the date of this release, and the Company undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Tecumseh Products Company CONTACT: Jim Cain of The
Quell Group, +1-248-649-8900, Web Site: http://www.tecumseh.com/
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