Tyler Technologies Directors Elected at Annual Stockholders' Meeting; - Five New Directors Join Expanded Board |
DALLAS, June 5 -- Tyler Technologies, Inc. (NYSE: TYL) announced today its stockholders elected five new directors and two existing directors to one-year terms at the Company's annual meeting of stockholders in Dallas. The new directors include Ben T. Morris, Ulrich Otto, G. Stuart Reeves, Glenn A. Smith and John D. Woolf. Re-elected as directors were Louis A. Waters, Chairman of the Board of Tyler, and John M. Yeaman, President of Tyler.
Mr. Morris is President and Chief Executive Officer of Sanders Morris Harris, a full service investment banking, money management, and principal investor organization based in Houston, Texas. Mr. Morris co-founded Sanders Morris Harris in 1987. He also serves as a director of Pinnacle Global Group, the parent corporation of Sanders Morris Harris, Capital Title Group, and American Equity Investment Life Holding Company.
Mr. Otto is Chairman of the Board and Chief Executive Officer of Otto Holding, B.V., and Otto Holding International B.V., international diversified holding companies based in the Netherlands and Germany, with subsidiaries devoted to the waste container systems business, venture capital transactions, including investments in software companies, and corporate finance. Otto Holding B.V. maintains an active presence in over 30 countries. Mr. Otto has also held positions with various international councils, associations, supervisory boards and management boards. He currently is a member of the Council of INSEAD, Hamburg, Germany and a member of the Land Advisory Board Northrhine-Westfalia of Commerzbank AG, Dusseldorf, Germany.
Mr. Reeves held executive positions with Electronic Data Systems Corporation (EDS) from 1967 until his retirement in 1999, including Executive Vice President, North and South America, from 1996 to 1999; Senior Vice President, Europe, Middle East and Africa, from 1990 to 1996; and Senior Vice President, Government Service Group, from 1988 to 1990. Mr. Reeves also served on the Board of Directors of EDS from 1988 until 1996. He also serves on the Board of Governors of the Oklahoma State University Foundation and the Board of Directors of Park Cities Bank in Dallas.
Mr. Smith is President of the Company's Courts and Justice Division and is President of The Software Group, Inc. (TSG), a principal subsidiary of Tyler Technologies that was co-founded by Mr. Smith in 1981 and acquired by the Company in 1998. TSG develops and markets a wide range of software products and related services for county governments. Prior to founding TSG, Mr. Smith held software development management positions with Distributed Data Systems and Texas Instruments Incorporated.
Mr. Woolf is Executive Vice President and Chief Financial Officer and a director of eiStream, Inc., a holding company with subsidiaries that provide software systems and solutions in the areas of document management, imaging and workflow. Mr. Woolf was previously Senior Vice President - Administration of the Company and Executive Vice President and Chief Financial Officer of Business Resources Corporation, a former subsidiary of the Company.
"We are very pleased to have individuals of the caliber of these five new directors join our board," commented Louis A. Waters, Tyler's Chairman. "These directors have considerable experience, particularly in the technology and finance arenas, which significantly strengthens our board. All of these men have proven records of successfully building companies, and their leadership will be of great benefit to Tyler as we build on our position as the leading provider of information management software and services for local governments."
The addition of these directors expands the size of Tyler's board to seven members. The new directors replace former directors C.A. Rundell, Jr. and Frederick R. Meyer, both of whom served on Tyler's board for over 30 years, as well as Ernest H. Lorch and William D. Oates. "We are grateful to our former board members for their years of service to Tyler Technologies and in particular for their guidance during Tyler's transition from an industrial corporation to a premier technology provider," added Mr. Waters.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and e-government services to local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web at www.tylertechnologies.com.
Tyler Technologies, Inc. has included in this press release "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Tyler Technologies, Inc.
CONTACT: Brian K. Miller, Vice President - Finance of Tyler Technologies, Inc., +1-214-547-4000, or bmiller@tylertechnologies.com
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Jun 05, 2001 |
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