For Immediate Release
|Robert Blum, Joe Dorame, Joe Diaz
Lytham Partners, LLC
Chief Financial Officer
S&W Seed Company
SACRAMENTO, California – December 13, 2018
S&W Seed Company (Nasdaq: SANW) today announced that Grover Wickersham’s service as a member of the Company’s Board of Directors will be coming to a close when his current term ends at S&W’s annual stockholders’ meeting on January 16, 2019.
“I would like to thank Grover for his numerous contributions and guidance over the years to S&W,” said Mark Harvey, S&W’s Chairman of the Board. “His foresight in understanding the tremendous opportunity that a small alfalfa seed company from the San Joaquin Valley had to emerge as a global agricultural leader, is remarkable. We wish him well in his current ventures.”
Grover Wickersham commented, “It’s been an honor working with my current and past colleagues at S&W, many of whom have become very good friends. I believe that because of the Chromatin acquisition and other timely strategic positioning, the company has its best years ahead of it. I continue to own a significant equity position and am a strong supporter of the great team at S&W.”
Wickersham was the architect of the company’s IPO in May of 2010. He stepped down as Chairman of S&W in December of 2014 to devote time to other investments and from that time until presently, Wickersham served as Vice Chairman, and head of the Company’s audit committee. Presently, Wickersham is CEO of Eastside Distilling, a Nasdaq traded public company based in Portland, Oregon.
About S&W Seed Company
Founded in 1980, S&W Seed Company is a global agricultural company headquartered in Sacramento, California. S&W’s vision is to be the world’s preferred proprietary seed Company which supplies a range of forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in alfalfa seed and sorghum hybrid, with significant research and development, production and distribution capabilities. S&W also provides hybrid sunflower and is utilizing its research and breeding expertise to develop and produce stevia, the all-natural, zero calorie sweetener for the food and beverage industry. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” Forward-looking statements in this release include, but are not limited to, statements concerning the benefits of our recently completed acquisition of Chromatin, our strategic positioning and the advancement of our strategic initiatives. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risk that actual results may differ materially from those projected in the forward-looking statements and risks associated with our ability to successfully commercialize, optimize and commercialize our business. These and other risks are identified in our filings with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K for the year ended June 30, 2018, and in our other filings subsequently made with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.