Cycle Country Accessories Corp. elected Paul DeShaw to its board of directors, filling the vacancy created by the resignation of L.G. Hancher, Jr., the company announced in a press release.
DeShaw was elected as a Class II director, subject to re-election at the 2010 shareholder meeting. Effective immediately, DeShaw will serve as an independent director and has been appointed to serve on the Audit Committee of the Board. His appointment to these positions cures Cycle Country’s noncompliance with certain NYSE Amex listing requirements caused by Hancher’s resignation.
DeShaw is a long-standing investor in Cycle Country. He’s currently a board member of BDFSC Holdings Corp. Mr. DeShaw is also a vice president of Broker Dealer Financial Services Corp.
Commenting on the election of DeShaw, Jeff Tetzlaff, Cycle Country’s CEO, stated in a press release, “I am very pleased that we have attracted an individual of Paul’s high caliber to our board. Our objective is to grow and strengthen the board by adding individuals with unique and diverse backgrounds who are committed to the success of Cycle Country.”