The board of directors of Del Global Technologies, the parent of x-ray manufacturer Del Medical Systems of Valhalla, NY, has apparently been displaced by a slate of directors nominated by investment firm Steel Partners II of New York City, according to preliminary results at the firm’s annual stockholder meeting yesterday.
The election results will not be final until an independent inspector files its certified tally, due in approximately 7 days. Samuel Park, president and CEO of the firm, said that the current management would work toward a smooth and orderly transition.
By AuntMinnie.com staff writersMay 30, 2003
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