Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026 
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Apple Turns 50: From Garage Startup to AI Crossroads 
Ukrainian Drones and the #MadeByHousewives Movement: Kyiv Fires Back at Rheinmetall CEO 
McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
JASPER, Ind., Sept. 12, 2016 -- Kimball Electronics, Inc. (NASDAQ:KE), (the “Company”), today announced the resignation of Christopher B. Curtis from its Board of Directors (the “Board”), effective September 9, 2016.
Mr. Curtis was elected to the Board in November of 2014 after the completion of the spin-off of the Company from its former parent. On August 1, 2016, Mr. Curtis assumed the position of Chief Executive Officer of the Wencor Group, a company that engineers, sources, distributes, and repairs components for the aviation industry. Given the time commitment of his full-time executive responsibilities as Wencor Group’s CEO, Mr. Curtis has determined that he needs to limit his outside activities and that his resignation from the Board would be appropriate and in the best interests of the Company’s Share Owners.
“Speaking on behalf of our Board, we understand and support Chris’s difficult decision and are grateful to him for his many insightful contributions as we began our journey as an independent public company. We thank him for his dedicated service representing the Share Owners of the Company,” said Don Charron, Chairman of the Board and Chief Executive Officer.
The Company intends to immediately begin a search for Mr. Curtis’s successor.
About Kimball Electronics, Inc.
Recognized with a reputation for excellence, Kimball Electronics is committed to a high performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball Electronics employees know they are part of a company culture that builds lasting relationships and global success for customers while enabling employees to share in the Company's success through personal, professional, and financial growth.
Kimball Electronics trades under the symbol “KE” on The NASDAQ Stock Market. Kimball Electronics is a global contract electronic manufacturing services (“EMS”) company that specializes in durable electronics for the medical, automotive, industrial, and public safety markets. Kimball Electronics is well recognized by customers and industry trade publications for its excellent quality, reliability, and innovative service. From its manufacturing operations in the United States, China, Mexico, Poland, Romania, and Thailand, Kimball Electronics provides engineering, manufacturing, and supply chain services which utilize common production and support capabilities to a variety of industries globally. Kimball Electronics is headquartered in Jasper, Indiana.
To learn more about Kimball Electronics, visit: www.kimballelectronics.com.
Lasting relationships. Global success.
CONTACT: Adam W. Smith Treasurer Telephone 812.634.4000 E-mail: [email protected]
