Text Size:
A | A

The Beard Co. Updates On Restructuring Plan; Elects Interim CEO

Text Size: A | A
May 13, 2011

Herb Mee, Jr., president of The Beard Co., Oklahoma City, (Pink Sheets: BRCO) reports that the company has made considerable progress under its Restructuring Plan, which was announced at year-end 2010.  

On December 31, 2010, the board elected to make some radical changes and cost reductions under a major Restructuring Plan. The directors appointed Scott Brown, one of the company's directors, as restructuring consultant, giving him authority to reduce costs and make restructuring decisions for a period of two to four months. Under his guidance, significant progress has been ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription