Last week on Friday Conrad Industries Inc (OTCMKTS:CNRD) made a major new announcement and before the start of the trading day it could be a good idea for investors to consider taking a look into it.
On Friday, CNRD stock soared 0.53% to $16.99 with 1.11K shares, compared to volume of 498 shares. The stock moved within a range of $16.75 – 17.00 after opening trade at $17.
Conrad Industries Announces Appointment of Larry J. Callais to its Board of Directors
The company announced on that day that it had appointed a new director to its board of directors in the form of Larry J Callais. He would serve in the capacity of an independent Class 1 Director at the company. In addition to that, Callais would also be a part of the Independent Directors Committee at the company. The appointment of Callais went into effect immediately.
In light of the appointment, it may be important for investors to have a better idea about Callais’s credentials as a director. He had been the Chief Executive Officer of M C Bank since 1999 and his tenure ended last year.
The Chief Executive Officer and Chairman of the company Johnny Conrad spoke about the appointment as well. He noted that everyone at the company was pleased at the appointment of Callais to the company’s board. Conrad added that Callais was highly respected in the business community in which Conrad Industries mainly operated.
Johnny Conrad, Chairman and Chief Executive Officer commented, “We are pleased to welcome Larry Callais to our Board. Larry is well-known and well-respected in the business community in and around where Conrad has its primary operations. His skills and experience as a community banker and leader in the financial services industry will provide our Board and management with important insights and perspectives.”
CNRD stock is trading above the 20-Day and 50-Day Moving averages of $16.93 and $16.98 respectively. Moreover, the stock is trading above the 200-Day moving average of $16.