Business News

Presstek Announces Retirement of Company Co-Founder Dr. Lawrence Howard From the Board of Directors

Thursday 06. May 2010 - Presstek, Inc. (NASDAQ: PRST), a leading supplier of digital offset printing solutions to the printing and communications industries, today announced that Dr. Lawrence Howard has decided to retire as a member of the Company's Board of Directors and will not stand for re-election at the upcoming Annual Meeting of Stockholders.

Dr. Howard co-founded Presstek in 1987 with his father and served as President and Chief Executive Officer of the Company from 1988 to 1992; he has served as a member of the Board since 1987.
In commenting on Dr. Howard’s retirement from the Board, Jeff Jacobson, Presstek’s Chairman, President and CEO, commented: “Larry Howard has provided twenty-three years of dedicated service to Presstek, its employees, customers, directors and stockholders. On behalf of the Board of Directors, I would like to thank him for the invaluable service that he has rendered to these constituencies. The Board will miss his experience and counsel.”
As a result of the retirement of Dr. Howard from the Board of Directors, effective at the 2010 Annual Meeting of Stockholders which is scheduled for June 2, 2010, the Company announced that the Board of Directors has reduced the number of nominees on the slate for election to the Board at the Annual Meeting from eight to seven.