AAON Increases Board Size, Appoints CEO Matt Tobolski as Director, and Announces Quarterly Cash Dividend
AAON (NASDAQ: AAON), a leading HVAC solutions provider, has announced two significant corporate updates. The company has expanded its Board of Directors from eight to nine members and appointed Matt J. Tobolski, PhD, as the new director effective May 13, 2025. Dr. Tobolski, 41, who previously served as president and COO since January 2024, has also been named President and CEO, succeeding Gary D. Fields, who will remain on the Board and serve as a special advisor.
Additionally, AAON has declared a quarterly cash dividend of $0.10 per share ($0.40 annually), payable on June 27, 2025, to stockholders of record as of June 6, 2025. Dr. Tobolski's background includes co-founding BASX Solutions in 2013, which was acquired by AAON in December 2021.
AAON (NASDAQ: AAON), un importante fornitore di soluzioni HVAC, ha annunciato due aggiornamenti aziendali significativi. L'azienda ha ampliato il proprio Consiglio di Amministrazione da otto a nove membri e ha nominato Matt J. Tobolski, PhD, come nuovo direttore a partire dal 13 maggio 2025. Il dottor Tobolski, 41 anni, che in precedenza ricopriva il ruolo di presidente e COO da gennaio 2024, 猫 stato anche nominato Presidente e CEO, succedendo a Gary D. Fields, che rimarr脿 nel Consiglio e ricoprir脿 il ruolo di consulente speciale.
Inoltre, AAON ha dichiarato un dividendo trimestrale in contanti di 0,10 $ per azione (0,40 $ annuali), pagabile il 27 giugno 2025 agli azionisti registrati al 6 giugno 2025. Il background del dottor Tobolski include la co-fondazione di BASX Solutions nel 2013, acquisita da AAON nel dicembre 2021.
AAON (NASDAQ: AAON), un proveedor l铆der de soluciones HVAC, ha anunciado dos importantes actualizaciones corporativas. La empresa ha ampliado su Junta Directiva de ocho a nueve miembros y nombr贸 a Matt J. Tobolski, PhD, como nuevo director con efecto desde el 13 de mayo de 2025. El Dr. Tobolski, de 41 a帽os, quien previamente se desempe帽贸 como presidente y COO desde enero de 2024, tambi茅n ha sido nombrado Presidente y CEO, sucediendo a Gary D. Fields, quien permanecer谩 en la Junta y actuar谩 como asesor especial.
Adem谩s, AAON ha declarado un dividendo trimestral en efectivo de $0.10 por acci贸n ($0.40 anuales), pagadero el 27 de junio de 2025 a los accionistas registrados al 6 de junio de 2025. El historial del Dr. Tobolski incluye la cofundaci贸n de BASX Solutions en 2013, que fue adquirida por AAON en diciembre de 2021.
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AAON (NASDAQ : AAON), un fournisseur leader de solutions HVAC, a annonc茅 deux mises 脿 jour importantes au sein de l'entreprise. La soci茅t茅 a 茅largi son conseil d'administration, passant de huit 脿 neuf membres, et a nomm茅 Matt J. Tobolski, PhD, en tant que nouveau directeur 脿 compter du 13 mai 2025. 脗g茅 de 41 ans, le Dr Tobolski, qui occupait pr茅c茅demment les fonctions de pr茅sident et COO depuis janvier 2024, a 茅galement 茅t茅 nomm茅 pr茅sident et CEO, succ茅dant 脿 Gary D. Fields, qui restera au conseil et agira en tant que conseiller sp茅cial.
De plus, AAON a d茅clar茅 un dividende trimestriel en esp猫ces de 0,10 $ par action (0,40 $ par an), payable le 27 juin 2025 aux actionnaires inscrits au 6 juin 2025. Le parcours du Dr Tobolski inclut la cofondation de BASX Solutions en 2013, soci茅t茅 acquise par AAON en d茅cembre 2021.
AAON (NASDAQ: AAON), ein f眉hrender Anbieter von HLK-L枚sungen, hat zwei bedeutende Unternehmensneuigkeiten bekannt gegeben. Das Unternehmen hat seinen Vorstand von acht auf neun Mitglieder erweitert und Matt J. Tobolski, PhD, zum neuen Direktor mit Wirkung zum 13. Mai 2025 ernannt. Dr. Tobolski, 41 Jahre alt, der zuvor seit Januar 2024 als Pr盲sident und COO t盲tig war, wurde zudem zum Pr盲sidenten und CEO ernannt und tritt die Nachfolge von Gary D. Fields an, der im Vorstand verbleiben und als Sonderberater fungieren wird.
Dar眉ber hinaus hat AAON eine viertelj盲hrliche Bardividende von 0,10 $ pro Aktie (0,40 $ j盲hrlich) angek眉ndigt, die am 27. Juni 2025 an die zum 6. Juni 2025 eingetragenen Aktion盲re ausgezahlt wird. Dr. Tobolskis Hintergrund umfasst die Mitgr眉ndung von BASX Solutions im Jahr 2013, das im Dezember 2021 von AAON 眉bernommen wurde.
- Seamless leadership transition with the former CEO remaining as board member and special advisor
- New CEO Dr. Tobolski brings entrepreneurial experience as co-founder of BASX Solutions
- Continuation of regular quarterly dividend payments, showing financial stability
- Relatively young CEO age (41) might raise experience concerns among some investors
Dr.聽Tobolski, 41, also serves as President and CEO of the Company, effective May 13, 2025. Dr.聽Tobolski succeeds Gary D. Fields, who will remain a member of the Board of Directors and serve as a special advisor to the Board. Dr.聽Tobolski, previously served as president and COO of the Company since January 2024. Prior to serving as president and COO, Dr.聽Tobolski served as president of BASX Solutions, a company he co-founded in 2013 that AAON acquired in December 2021.
The Company also announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of
About AAON, Inc.
Founded in 1988, AAON is a global leader in HVAC solutions for commercial, industrial and data center indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable and custom-made equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance and long-term value. Its highly engineered equipment is sold under the AAON and BASX brands. AAON is headquartered in
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "should", "will", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in any forward-looking statements, see "Risk Factors" and "Forward Looking Statements" in AAON's Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by AAON's Quarterly Reports on Form 10-Q, and AAON's Current Reports on Form 8-K.
Contact Information
Joseph Mondillo
Director of Investor Relations
Phone (617) 877-6346
Email: [email protected]
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