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January 28, 2014
10:01 EDTTRSannounces dismissal of patent infringement, trade secret misappropriation suit
TriMas announced that the Federal District Court for the Eastern District of Arkansas granted summary judgment for Cequent Performance Products in a patent infringement and trade secret misappropriation lawsuit filed by MCB Sales & Installation Services. The suit alleged that Cequent infringed a U.S. patent owned by MCB and trade secret misappropriation. At the pleading stage, the Court dismissed all of MCB’s claims except for the patent infringement and misappropriation of trade secret claims. After discovery, Cequent moved for summary judgement on those remaining claims. The Court granted summary judgment of no patent infringement and no trade secret misappropriation in favor of Cequent, ordered MCB to pay Cequent’s costs, and entered final judgment dismissing the case in its entirety.
News For TRS From The Last 14 Days
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February 25, 2015
08:28 EDTTRSTriMas says taking actions to mitigate impact of uncertain environment
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08:05 EDTTRSTriMas sees FY15 EPS $2.10-$2.20, consensus $2.27
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08:04 EDTTRSTriMas reports Q4 EPS 37c ex-special items, consensus 37c
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07:56 EDTTRSTriMas appoints Parker to board, announces cooperation agreement with Engaged
TriMas Corporation announced that it has appointed Herbert K. Parker, former CFO and current executive VP, Operational Excellence at Harman International to its Board of Directors, effective immediately. With this addition, the TriMas Board will now consist of nine directors, eight of whom are independent. In connection with today’s announcement, TriMas announced that it has entered into a mutual cooperation agreement with Engaged Capital, LLC , a shareholder of the company. The agreement also provides that Engaged may appoint its principal, Glenn W. Welling, to the TriMas Board of Directors, at Engaged’s request in 2016. Under the terms of its agreement with the Company, Engaged will, among other things, vote its shares in favor of the election of TriMas’ slate of directors at the Company’s 2015 Annual Meeting. In addition, Engaged has agreed to customary standstill provisions.

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