FutureFuel Announces Director Resignation

Rhea-AI Summary

FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, announced the resignation of Rose M. Sparks from its Board of Directors, effective July 30, 2024. Sparks, who had been a board member since 2019, stepped down without any disputes or disagreements with the company or the board. Despite her departure from the board, Sparks will continue her role as the chief financial officer for both FutureFuel Corp. and FutureFuel Chemical Company. The company expressed gratitude for Sparks' dedicated service during her tenure on the board.

Positive

• Continuity in financial leadership with CFO remaining in her role

Negative

• None.

News Market Reaction

-9.07%

1 alert

-9.07% News Effect

On the day this news was published, FF declined 9.07%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLAYTON, Mont., Aug. 02, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel” or the "Company”), a manufacturer of custom and performance chemicals and biofuels, announced today Rose M. Sparks resigned from the Company’s Board of Directors, effective as of July 30, 2024. Mrs. Sparks’ resignation was not the result of any dispute or disagreement with the Company or the Board. Mrs. Sparks had served on the Board of Directors since 2019. The Company thanks Mrs. Sparks for her dedicated service to the Company. Mrs. Sparks continues to serve as the Company’s and FutureFuel Chemical Company’s chief financial officer.    

About FutureFuel

FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers ("custom chemicals”), as well as multi-customer specialty chemicals ("performance chemicals”). FutureFuel's custom chemicals product portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. FutureFuel’s performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel. Please visit www.futurefuelcorporation.com for more information.

FAQ

Why did Rose M. Sparks resign from FutureFuel's (FF) Board of Directors?

The press release states that Rose M. Sparks' resignation was not due to any dispute or disagreement with FutureFuel (FF) or its Board. No specific reason for the resignation was provided.

Will Rose M. Sparks continue as CFO of FutureFuel (FF) after resigning from the Board?

Yes, the press release confirms that Rose M. Sparks will continue to serve as the chief financial officer of both FutureFuel Corp. (FF) and FutureFuel Chemical Company despite her resignation from the Board of Directors.

When did Rose M. Sparks join FutureFuel's (FF) Board of Directors?

According to the press release, Rose M. Sparks had served on FutureFuel's (FF) Board of Directors since 2019.

What is the effective date of Rose M. Sparks' resignation from FutureFuel's (FF) Board?

The press release states that Rose M. Sparks' resignation from FutureFuel's (FF) Board of Directors was effective as of July 30, 2024.