Douglas Dynamics, a designer and manufacturer of snow and ice control equipment for light trucks has announced that Michael Marino and Mark Rosenbaum of Aurora Capital Group are leaving the company’s board of directors. These changes are in connection with Aurora’s sale of its stake in Douglas Dynamics. Marino and Rosenbaum are both partners of Aurora Capital Group and have served on the company’s board since 2009 and 2005 respectively.
Douglas Dynamics, the North American leader in the design, manufacture and sale of snow and ice control equipment for light trucks, today announced that Michael Marino and Mark Rosenbaum of Aurora Capital Group are leaving the Company’s Board of Directors. These changes are in connection with the secondary offering that is expected to close on December 6, 2011, completing Aurora’s sale of its stake in Douglas Dynamics. Mr. Marino and Mr. Rosenbaum are both Partners of Aurora Capital Group and have served on the Company’s Board since 2009 and 2005 respectively. In light of the resignations, the Board has adopted a resolution reducing the size of the Board from nine to seven members.
James L. Janik, President and Chief Executive Officer, commented, “On behalf of everyone at Douglas Dynamics and the Board of Directors, I want to thank Mark and Michael for their contributions to the Company. Their support and guidance have proved invaluable over the years and our relationship with Aurora has proved mutually beneficial. In anticipation of this expected change, we have added Ken Krueger and Don Sturdivant to the Board over the past year and move forward with a strong independent Board.”
About Douglas Dynamics
Headquartered in Milwaukee, Wisconsin, Douglas Dynamics designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. Douglas Dynamics sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada.