EULESS, Texas, March 26, 2021 /PRNewswire/ — U.S. Concrete, Inc. (NASDAQ: USCR) (the “Company” or “U.S. Concrete”), a foremost supplier of aggregates and prepared-blended concrete in lively development marketplaces throughout the place, introduced today that William J. Sandbrook, member of the Firm’s Board of Directors, has made the decision not to stand for reelection at the Firm’s 2021 annual assembly of stockholders.
Mr. Sandbrook said, “It has been my unique satisfaction and honor to have served as earlier Chairman and CEO of U.S. Concrete. Owning made major shareholder benefit by a successful turnaround and development technique in excess of the previous 10 many years and effectively transitioning the management of the Firm, it is time to change my concentrate to other endeavors that are presenting by themselves. I am really happy to say that the U.S. Concrete of now is a vastly adjusted enterprise from the one particular I joined in 2011. The dedicated workers are the best in the business, and I want to thank them for their past and continued attempts.”
Ronnie Pruitt, U.S. Concrete President and CEO explained, “Monthly bill was instrumental in putting U.S. Concrete on a path for achievement and incorporating prolonged-phrase value. Around the previous calendar year, Invoice and I labored intently on the changeover and I am thankful for his mentorship. I know I converse for all of our personnel in wishing him the incredibly ideal in his upcoming endeavors.”
Michael Lundin, U.S. Concrete Chairman of the Board of Administrators commented, “We are grateful to Invoice for his several years of service to the Organization as our prior Chairman and CEO, as well as Director. Invoice has been a fully commited and visionary leader and we respect all of his contributions.”
About U.S. Concrete
U.S. Concrete, Inc. (NASDAQ: USCR) is a main supplier of aggregates and concrete for infrastructure, residential and professional tasks across the state. The Business holds major industry positions in the superior-expansion metropolitan marketplaces of Dallas/Fort Really worth, San Francisco, New York City, Philadelphia, and Washington, D.C., and its elements have been used in some of the most advanced and remarkably specialised building jobs of the very last decade. U.S. Concrete has ongoing to improve organically and through a sequence of strategic acquisitions of unbiased producers in its target markets.
For additional info on U.S. Concrete, go to www.us-concrete.com.
CAUTIONARY Assertion With regards to Ahead-Looking STATEMENTS
Sure statements and info delivered in this push release are “forward-looking statements” in just the meaning of Section 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. These ahead-hunting statements incorporate, without limitation, statements about ideas, goals, objectives, projections, outlook, strategies, future occasions or functionality, and fundamental assumptions and other statements, which are not statements of historical facts. In some conditions, you can detect ahead-looking statements by terminology these types of as “may perhaps,” “will,” “intend,” “should really,” “anticipate,” “system,” “goal,” “anticipate,” “imagine,” “estimate,” “outlook,” “predict,” “likely” or “carry on,” the detrimental of this sort of phrases or other similar terminology. These ahead-hunting statements, which are topic to risks, uncertainties and assumptions about us, may perhaps consist of projections of our long run economic general performance, our anticipated expansion procedures and expected trends in our enterprise. These statements are predictions based mostly on our existing anticipations and projections about long term activities which we think are reasonable. Real situations or final results may possibly differ materially.
By their nature, ahead-hunting statements entail challenges and uncertainties since they relate to gatherings and count on circumstances that could or could not occur in the long run. We consider that these dangers and uncertainties include, but are not constrained to: basic financial and enterprise ailments, which will, among other items, have an affect on desire for new residential and industrial building our capability to effectively identify, take care of, and combine acquisitions the cyclical character of, and improvements in, the authentic estate and design markets, including pricing adjustments by our competition governmental requirements and initiatives, together with those relevant to mortgage lending, funding or deductions, funding for public or infrastructure building, land usage, and environmental, health and fitness, and security matters disruptions, uncertainties or volatility in the credit rating marketplaces that could restrict our, our suppliers’ and our customers’ accessibility to capital our potential to productively implement our working method weather problems our significant indebtedness and the constraints imposed on us by the conditions of our indebtedness the effects of currency fluctuations on our final results of operations and financial situation our capacity to retain favorable interactions with third get-togethers who source us with devices and vital materials our capacity to keep critical personnel and manage satisfactory labor relations and solution liability, property hurt, effects of litigation and other statements and insurance coverage issues. These risks and uncertainties also incorporate the consequences of COVID-19 the size and severity of the COVID-19 pandemic the pace of restoration next the COVID-19 pandemic our capability to carry out cost containment procedures and the adverse consequences of COVID-19 on our business enterprise, the economic climate and the markets we serve.
Though we think that the expectations mirrored in the ahead-looking statements are reasonable, we can not warranty upcoming effects, stages of action, performance or achievements. In addition, neither we nor any other person assumes accountability for the precision and completeness of the forward-hunting statements. All published and oral forward-wanting statements manufactured in relationship with this push release that are attributable to us or folks acting on our behalf are expressly experienced in their entirety by the “Threat Elements” in our Annual Report on Form 10-K and our Quarterly Experiences on Kind 10-Q submitted with the Securities and Exchange Commission. We are less than no obligation to update any of the forward-looking statements soon after the day of this press launch to conform this kind of statements to real final results or to changes in our anticipations, other than as expected by federal securities laws. There can be no assurance that other variables will not have an effect on the precision of these ahead-looking statements or that our real outcomes will not vary materially from the results anticipated in these ahead-looking statements. Unpredictable or unknown factors we have not discussed in this press launch also could have material consequences on true results or issues that are the issue of our forward-looking statements. We undertake no obligation to, and do not intend to, update our description of important components each and every time a potential critical factor occurs.
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