New Director at Cycle Country

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Cycle Country has elected longtime investor Paul DeShaw to its board of directors, filling the vacancy created by the resignation of L. G. Hancher, Jr.

DeShaw’s term as a Class II Director begins Feb. 24. His post will be subject to re-election at the 2010 shareholder meeting. He will serve as an independent director and has been appointed to serve on the board’s Audit Committee.

Cycle Country says the appointment "cures Cycle Country’s noncompliance with certain NYSE Amex listing requirements caused by Mr. Hancher’s resignation.”

DeShaw is also a board member of BDFSC Holdings Corp. , a VP of Broker Dealer Financial Services Corp., and a branch manager of the BDF Investments office in Carroll, IA.

DeShaw began his career in the securities industry in September, 1967. In 1995 he joined Broker Dealer Financial Services Corp. and has continued to serve as VP, Board Member and branch manager of the Carroll office since that time.

Posted by Holly Wagner