PITTSBURGH, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Black Box Corporation (NASDAQ:BBOX), a leading digital solutions provider, announced today that Anthony J. Massetti has informed the Company of his decision to resign as its Senior Vice President, Chief Financial Officer and Treasurer due to personal reasons regarding his relocation to the Pittsburgh area as originally contemplated. Mr. Massetti's resignation is not related to any issues regarding financial disclosures or accounting matters.
Mr. Massetti will remain in his current positions during a transition period and the Company has engaged a national search firm to identify his successor.
E.C. Sykes, President and CEO, stated, “We appreciate Anthony’s contributions to Black Box, and his willingness to stay on board to allow for an orderly transition. We wish him well in his future endeavors.”
Mr. Massetti stated, “I have nothing but the utmost respect for Black Box and for the many fine Team Members I have met here. I will continue to work diligently during my remaining time here to further the company’s goals. I wish Black Box well in its future.”
Cautionary Forward Looking Statement
Any forward-looking statements contained in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this release. You can identify these forward-looking statements by the fact that they use words such as "should," "anticipate," "estimate," "approximate," "expect," "target," "may," "will," "project," "intend," "plan," "believe" and other words of similar meaning and expression in connection with any discussion of future operating or financial performance. One can also identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Although it is not possible to predict or identify all risk factors, they may include, among others, levels of business activity and operating expenses, expenses relating to compliance requirements, cash flows, global economic and business conditions, successful integration of acquisitions, the timing, benefits and costs of restructuring programs and other initiatives, successful marketing of the Company's product and services offerings, successful implementation of the Company's integration initiatives, successful implementation of the Company's government contracting programs, competition, changes in foreign, political and economic conditions, fluctuating foreign currencies compared to the U.S. dollar, rapid changes in technologies, client preferences, the Company's arrangements with suppliers of voice equipment and technology, government budgetary constraints and various other matters, many of which are beyond the Company's control. Additional risk factors are included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2016 and our previously filed quarterly reports on Form 10-Q for Fiscal 2017. We can give no assurance that any goal, plan or target set forth in forward-looking statements will be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments and caution you not to unduly rely on any such forward-looking statements.
About Black Box
Black Box is a leading digital solutions provider dedicated to helping customers build, manage, optimize, and secure their IT infrastructure. Black Box delivers high-value products and services through its global presence and more than 3,500 team members. To learn more, visit the Black Box website at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Contact: Ronald Basso 724-873-6788 Executive Vice President, General Counsel and Secretary email@example.com
Source:Black Box Corporation