Effective August 29, 2013, Ben Harper retired from his position as Senior Vice President - Finance and
Secretary/Treasurer of Friedman Industries, Incorporated. Mr. Harper will remain an employee of the company and will serve as Vice President. Also effective as of August 29, 2013, Alex LaRue, age 27, was elected by the Board of Directors of the company as Assistant Vice President, Secretary and Treasurer and will now serve as the company's principal accounting officer. Mr. LaRue joined the Company in June 2011 and has served as the Controller of the company's Texas Tubular Products division. Prior to joining the company, Mr. LaRue spent three years working for the accounting firms of Jaynes, Reitmeier, Boyd, & Therrell, P.C. and Curtis Blakely & Co. P.C. where he provided audit and accounting services to companies in the manufacturing, insurance, finance and telecommunication industries.
Friedman Industries, Incorporated is a manufacturer and processor of steel products. Its segments include coil products and tubular products. The coil products segment consists of the operation of five hot-rolled coil processing facilities located in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois and Sinton, Texas. The Hickman, East Chicago and Granite City facilities operate temper mills and corrective leveling cut-to length lines. The Sinton and Decatur facilities operate stretcher leveler cut-to-length lines. The tubular products segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe and distributes pipe through its Texas Tubular Products division (TTP). TTP operates two electric resistance welded pipe mills with a combined outside diameter (OD) size range of 2 3/8 OD to 8 5/8 OD. Both pipe mills manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes.
FRIEDMAN INDUSTRIES, INCORPORATED 