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This article was originally published in The Gray Sheet

Executive Summary

Interim CEO Murray Hutchinson is replaced by incoming Michael Hammes, the firm announces Jan 18. Hammes joins the firm after serving as chairman of the board and CEO of automotive lighting manufacturer Guide Corp. and the Coleman Company. Hutchinson will continue on as the company's board chairman. In a same day release, the firm reported second quarter sales just under $161 mil., down 2% due to foreign currency translations from last year's second quarter sales of $163 mil. Similarly, earnings dipped to $1.1 mil. for the quarter from last year's $1.8 mil
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