Kimball Electronics Announces Appointment of New Treasurer in Advance of Participating at the Stifel 2024 Cross Sector Insight Conference

Rhea-AI Summary

Kimball Electronics (Nasdaq: KE) has appointed Andrew D. Regrut as Treasurer and Investor Relations Officer, effective June 1, 2024. Regrut, who has been with the company since March 2021, will manage Treasury operations in addition to Investor Relations. CFO Jana T. Croom expressed confidence in Regrut's ability to enhance the company's capital structure and future growth. The announcement precedes Kimball Electronics' participation in the Stifel Cross Sector Insight Conference in Boston on June 5, 2024, where CEO Richard D. Phillips will present an overview of the company. The presentation will be webcast live and available for replay on the company's website.

Positive

• Andrew D. Regrut's expanded role is expected to enhance capital structure.
• Increased investor engagement and research coverage under Regrut's leadership.
• Participation in the Stifel Cross Sector Insight Conference could increase visibility.
• Live webcast of the conference presentation provides broader access to information.

Negative

• Announcement did not include any new financial data or performance metrics.
• Details on how Regrut’s expanded role will specifically improve Treasury operations were vague.
• Potential risk if Regrut's dual role affects his performance in managing Investor Relations.

JASPER, Ind.--(BUSINESS WIRE)-- Kimball Electronics, Inc. (Nasdaq: KE) today announced that it has expanded the role of Andrew D. Regrut, Vice President, Investor Relations, to include Treasury operations. Mr. Regrut, who has led Investor Relations since March 2021, will serve as Treasurer and Investor Relations Officer effective June 1, 2024.

Commenting on the organizational change, Jana T. Croom, Chief Financial Officer, stated, “I am very pleased with Andy’s appointment to this expanded role. Under his leadership, our Investor Relations program has increased investor engagement and added research coverage. We look to make similar improvements in Treasury with the refinement of our capital structure to support and enable future growth.”

Today’s announcement comes in advance of the Company’s participation at the Stifel Cross Sector Insight Conference in Boston, MA on Wednesday, June 5, 2024. Richard D. Phillips, Chief Executive Officer, will provide an overview on the Company at 8:35 a.m. Eastern Time. A live webcast of the presentation will be available on the Company’s website at investors.kimballelectronics.com/events-and-presentations/events. A replay of the webcast after the live event will be available at the same location on the Company website.

For more information about the conferences or to schedule a one-on-one meeting with Kimball Electronics management, please contact your respective representative or the Company’s investor relations team.

About Kimball Electronics, Inc.

Kimball Electronics is a multifaceted manufacturing solutions provider of electronics and diversified contract manufacturing services to customers around the world. From our operations in the United States, China, India, Japan, Mexico, Poland, Romania, Thailand, and Vietnam, our teams are proud to provide manufacturing services for a variety of industries. Recognized for a reputation of excellence, we are committed to a high-performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper, Indiana.

To learn more about Kimball Electronics, visit: www.kimballelectronics.com.

Lasting relationships. Global success.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603073164/en/

Andrew D. Regrut

Treasurer and Investor Relations Officer

812.827.4151

Investor.Relations@kimballelectronics.com

Source: Kimball Electronics, Inc.

FAQ

Who is the new Treasurer of Kimball Electronics?

Andrew D. Regrut has been appointed as Treasurer and Investor Relations Officer, effective June 1, 2024.

When will the new Treasurer role take effect in Kimball Electronics?

Andrew D. Regrut's role as Treasurer and Investor Relations Officer will take effect on June 1, 2024.

What is Kimball Electronics' stock symbol?

Kimball Electronics is traded under the stock symbol 'KE'.

When is Kimball Electronics participating in the Stifel Cross Sector Insight Conference?

Kimball Electronics will participate in the Stifel Cross Sector Insight Conference on June 5, 2024.

How can I watch Kimball Electronics' presentation at the Stifel Conference?

The presentation will be webcast live and available for replay on the company's website.