On September 2, 2021, Jason L. Bonfigt delivered his resignation as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of Broadwind, Inc. (the “Company”), effective October 1, 2021.
On September 3, 2021, the Company’s Board of Directors (the “Board”) appointed Eric B. Blashford, President and Chief Executive Officer of the Company, as Principal Financial Officer of the Company and interim Chief Financial Officer of the Company, to serve in such capacity while the Board conducts a search for a permanent replacement for Mr. Bonfigt. Both appointments are effective October 1, 2021. There has been no modification of Mr. Blashford’s compensation in connection with such appointments.
Mr. Blashford, 57, has served as member of the Board and as President and Chief Executive Officer of the Company since March 1, 2020. Prior to that, Mr. Blashford served as Chief Operating Officer of the Company from May 2018 to February 2020 and President of Broadwind Heavy Fabrications f/k/a Broadwind Towers from October 2014 to May 2019. Mr. Blashford holds a Bachelor of Science in Business Administration degree in Accounting from the University of Akron and a Masters of Business Administration degree from Kent State University, and is a registered Certified Public Accountant (non-practicing) in the state of Ohio.
Since January 1, 2021, there have been no transactions, and there are no currently proposed transactions, to which the Company was or is a participant and in which Mr. Blashford had or is to have a direct or indirect material interest that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934 (“Item 404(a))”. Mr. Blashford has no family relationships with any director or executive officer of the Company.
On September 3, 2021, the Board appointed Thomas A. Ciccone, Corporate Controller of the Company, as Vice President of the Company effective September 6, 2021 and Principal Accounting Officer of the Company effective October 1, 2021. There has been no material modification of Mr. Ciccone’s compensation in connection with such appointment.
Mr. Ciccone, 46, has served as Corporate Controller, Assistant Treasurer and Assistant Secretary of the Company since August 2017. He joined Broadwind in 2008 as Accounting Manager, and has since held various corporate finance roles including Director of Finance and Manager of External Reporting. Mr. Ciccone is a certified public accountant (non-practicing) in the state of Illinois and holds a Bachelor of Science in accounting from the University of Illinois at Urbana-Champaign.
Mr. Ciccone entered into the Company’s standard form of indemnification agreement for directors and officers, the form of which is filed as Exhibit 10.5 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Since January 1, 2021, there have been no transactions, and there are no currently proposed transactions, to which the Company was or is a participant and in which Mr. Ciccone had or is to have a direct or indirect material interest that would require disclosure pursuant to Item 404(a). Mr. Ciccone has no family relationships with any director or executive officer of the Company.
A copy of the related Press Release announcing the events described above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
