SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
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UNITED INDUSTRIAL CORPORATION
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(Name of Registrant as Specified In Its Charter)
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News Release
UNITED INDUSTRIAL CORPORATION
570 LEXINGTON AVENUE, NEW YORK, NY 10022
Contact: Susan Fein Zawel
Vice President Corporate Communications
(212) 752-8787
UNITED INDUSTRIAL ELECTS PAUL J. HOEPER
TO BOARD OF DIRECTORS
NEW YORK, NY, August 21, 2002 - United Industrial Corporation (NYSE: UIC) today
announced that Paul J. (Page) Hoeper has been elected to its Board of Directors,
effective immediately. Mr. Hoeper replaces E. Donald Shapiro, who has retired
from the Board.
As the former Assistant Secretary of the Army (Acquisition, Logistics and
Technology), Mr. Hoeper served as the senior advisor to the Secretary of the
Army on acquisition, procurement and technology issues and oversaw $17.3 billion
in research, development, test, evaluation and acquisition programs. Mr. Hoeper
has been associated with the Department of Defense and defense industry in
various capacities since the mid-1970s and has received numerous honors while
serving at the Pentagon. In addition, he has consulted to private companies in
the high technology and aerospace industries on a range of strategic and other
issues. Mr. Hoeper has served on the Board of United Industrial's defense
systems subsidiary, AAI Corporation, since July 2001.
Harold S. Gelb, Chairman of the Board of Directors, commented, "Page Hoeper
brings tremendous experience in the defense industry and is an outstanding
addition to our Board of Directors. His background encompasses work in both the
private and government sectors, and he is well versed in the issues and
opportunities facing defense contractors today.
"We would also like to thank Don Shapiro for his many years of service. We
appreciate his valuable contributions and insights and wish him all the best,"
Mr. Gelb added.
Mr. Hoeper commented, "I look forward to putting my expertise to work on the
United Industrial Board. Over the past year, I've become well acquainted with
the Company's core defense systems business and believe that it has exciting
opportunities ahead of it, particularly given United Industrial's heightened
focus on its core defense and aerospace operations and its divestiture of
non-core businesses."
Mr. Hoeper and the Company's President and Chief Executive Officer, Richard R.
Erkeneff, will stand for re-election at the Company's October 4, 2002 annual
meeting.
United Industrial Corporation is a company focused on the design and production
of defense, training and energy systems. Its products include unmanned aerial
vehicles, training and simulation systems, and automated aircraft test and
maintenance equipment. The Company also offers logistical/engineering services
for government -owned equipment and manufactures combustion equipment for
biomass and refuse fuels.
Except for the historical information contained herein, information set forth in
this news release may contain forward-looking statements subject to risks and
uncertainties which could cause the Company's actual results or performance to
differ materially from those expressed or implied in such statements.
The Company makes no commitment to update any forward-looking statement or to
disclose any facts, events, or circumstances after the date hereof that may
affect the accuracy of any forward-looking statement. For additional information
about the Company and its various risk factors, reference is made to the
Company's most recent Annual Report on Form 10-K as filed with the Securities
and Exchange Commission.
For more information, please visit United Industrial's web site at www.
unitedindustrial.com
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IMPORTANT INFORMATION - Filing of Preliminary Proxy Statement
United Industrial Corporation has filed a preliminary proxy statement with the
Securities and Exchange Commission relating to its solicitation of proxies from
the shareholders of United Industrial Corporation with respect to the United
Industrial Corporation's 2002 annual meeting of shareholders. United Industrial
Corporation advises security holders to read its definitive proxy statement when
it becomes available, because it will contain important information. United
Industrial Corporation's proxy statement and other relevant documents will be
available for free at www.sec.gov. You may also obtain a free copy of United
Industrial Corporation's definitive proxy statement, when it becomes available,
by writing to United Industrial Corporation, Attention: Secretary, 570 Lexington
Avenue, New York, New York 10022. Detailed information regarding the names,
affiliation and interests of individuals who may be deemed participants in the
solicitation of proxies of United Industrial Corporation's shareholders is
available in the soliciting materials on Schedule 14A filed by United Industrial
Corporation with the SEC.
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