EXHIBIT 99.1
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RE: NN, Inc.
2000 Waters Edge Drive
Johnson City, TN 37604
FOR FURTHER INFORMATION:
AT THE COMPANY AT FINANCIAL RELATIONS BOARD
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Will Kelly Marilynn Meek Susan Garland
Treasurer & Manager of Investor Relations (General info) (Analyst info)
(423) 743-9151 212-827-3773 212-827-3775
FOR IMMEDIATE RELEASE
December 17, 2004
NN, INC.'S CHIEF FINANCIAL OFFICER
RESIGNS TO ACCEPT NEW POSITION
Johnson City, Tenn., December 17, 2004 - NN, Inc. (Nasdaq: NNBR) today announced
that the Company's Chief Financial Officer, David L. Dyckman has resigned,
effective January 14, 2005 to accept the position of Executive Vice President
and Chief Financial Officer with Thermadyne Holdings Corporation (OTC: THMD.OB).
In addition to his role as NN's Chief Financial Officer, which he held for the
past six years, Mr. Dyckman was also responsible for corporate development
initiatives.
Roderick R. Baty, Chairman and Chief Executive Officer, commented, "Dave has
been an important part of NN's management team and has made significant
contributions to our success over the past six years. We will miss him and wish
he and his family the very best as he assumes his new position at Thermadyne."
Management is currently working on Mr. Dyckman's replacement.
NN, Inc. manufacturers and supplies high precision bearing components consisting
of balls, rollers, seals, and retainers for leading bearing manufacturers on a
global basis. In addition, the company manufactures a variety of other plastic
components. NN, Inc. had sales of US $253 million in 2003.