Monday 25. October 2010
Baldwin Receives Letter from NYSE Amex Regarding Non-Compliance Resulting from CEO Transition
Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global leader in process automation technology for the printing industry, today reported that, in response to the Companys notification to the NYSE Amex (the “Exchange”) of the termination of the employment of Karl S. Puehringer as president and chief executive officer and Mr. Puehringers resignation as a director of the Company effective September 30, 2010 and the election effective October 1, 2010 of Mark T. Becker, previously an independent director and member of the audit, compensation and nominating committees, as president and chief executive officer, the Company has received a letter from the Exchange notifying the Company that it is not in compliance with certain continued listing standards as set forth in the NYSE Amex Company Guide (the “Guide”).