HANOVER, Md., Nov. 09, 2016 (GLOBE NEWSWIRE) — The KeyW Holding Corporation (NASDQ:KEYW), today announced that John Hannon will resign as a member of its board of directors, effective with the company’s quarterly board meeting on Nov. 9, 2016. Shephard (Shep) Hill will succeed him.
“Having served on the board since KeyW’s inception in 2008, I’m pleased with the strategic path the company is on,” said Hannon. “We’ve accomplished a great deal in the past eight years, and it’s the right time to transition as KeyW prepares for its next phase of growth.”
Hill is former president of Boeing International and senior vice president of Business Development and Strategy for The Boeing Company. He also served as company officer, executive council member and vice president of Business Development of Defense, Space and Security at Boeing.
“I look forward to working with Shep,” said Bill Weber, KeyW president and CEO. “His hands-on experience in developing and implementing strategies for driving growth and nurturing new business specifically aligns with our plan to expand business in the Intelligence, Cyber and Counterterrorism communities. I want to thank John for his leadership and vision for KeyW’s growth. He’s been a valuable member of the board and instrumental in building our strong foundation.”
“The challenges facing our intelligence, cyber and counterterrorism communities are significant and evolving,” said Hill. “KeyW has the team, technology and customer mission focus to provide unique solutions to meet these challenges. I am excited for the opportunity to work with KeyW’s excellent executive team and to be part of the company’s impressive and accomplished Board of Directors.”
Shep will serve as a member of both the Audit and Compensation Committees.
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” ‘will,” “potential,” “opportunities,” and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements, including, but not limited to, express or implied statements concerning: our expectations regarding our future financial performance, including the potential impact of successful contract awards; our bid and proposal pipeline; our ability to achieve projected growth in certain of our business units and the expected timing of such growth; demand for our products, services and solutions serving the intelligence, cyber and counterterrorism communities; and performance of key contracts, including the timing of production related to certain of our contracts and product offerings. Factors that may cause our results to differ, potentially materially, from those expressed or implied in our forward-looking statements include, but are not limited to: risks to our business and financial results related to reductions and other spending constraints imposed on the U.S. Government, including as a result the Federal budget deficit and Federal government shut-downs; risks of adverse regulatory action or litigation; risks that changes, cutbacks or delays in spending by Intelligence Community (IC) customers, including the National Security Agency (NSA), the National Geospatial-Intelligence Agency (NGA), and other agencies within the IC, the Federal Bureau of Investigation, and the Department of Defense (DoD) may occur, which could cause delays or cancellations of key government contracts; risks of delays to or the cancellation of our projects as a result of protest actions submitted by our competitors; risks that changes may occur in Federal government (or other applicable) procurement laws, regulations, policies and budgets; risks related to changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the Administration; and those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 16, 2018 with the Securities and Exchange Commission (SEC), and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, investors are cautioned not to place undue reliance on such forward-looking statements. We are under no obligation to (and expressly disclaims any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
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Vice President, Investor Relations and Treasury