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

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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 ...


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