We are very excited to announce the publication of our inaugural Corporate Social Responsibility and Sustainability Report, available at the link below. In this report, we describe some of the specific ways that we pursue the environmental and socially responsible business practices and corporate governance practices that are at the heart of our culture and what we believe it means to be a good corporate citizen.
SMP's Board of Directors announced today that its Board of Directors has approved the payment of a quarterly common stock dividend of twenty-five cents per share, payable on March 1, 2021, to shareholders of record on February 16, 2021.
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SMP announces the launch of its SMP Cares website, a new site dedicated to highlighting the company’s efforts supporting local communities through service, volunteerism and donations. This website will serve as a resource for news and upcoming events.
Standard Motor Products recently acquired the assets of MK Company Ltd., a plastic injection molder in London, Ontario. MK Company will now be known as Unimotor Plastics Department.
SMP announced today that Nathan Iles has been named the Chief Financial Officer of the Company. As previously announced, Jim Burke, who served as CFO since 1999, has been promoted to Chief Operating Officer and will assist in the transition of CFO duties to Mr. Iles.
Standard Motor Products announced today that it is celebrating its 100-year anniversary. Over the years, SMP has grown by leaps and bounds from the company that Elias Fife founded in 1919. Standard Motor Products now employs approximately 4,400 people, generates over a billion dollars in net sales, operates in more than 25 facilities around the world, and is a leading independent manufacturer and distributor of replacement parts in the automotive aftermarket.
Standard Motor Products announced today that it has acquired certain assets and liabilities of the Pollak business of Stoneridge, Inc. for approximately $40 million, subject to post-closing adjustments. Stoneridge’s Pollak business has manufacturing and distribution facilities in Canton, MA, El Paso, TX, and Juarez, Mexico, and distributes a range of engine management products including sensors, switches, and connectors.
Standard Motor Products announced that James J. Burke has been named the Chief Operating Officer of the Company. Mr. Burke is currently the Company’s Executive Vice President Finance and Chief Financial Officer. He has been with the Company since 1986, and has 40 years’ experience in the automotive aftermarket.