Argus To Elect Officers Monday

Argus To Elect
Officers Monday

New Board Will Hold
Organization Meeting

Members of the newly elected
board of directors of Argus, Inc.,
will meet. at the plant at 2:30 Mon-^
day :'""--'-inon to elect company
offi i lay plans for the sta-
bilization of operations and em-
ployment. I

A new president, executive vice-
president and general manager
nrnhqbii, ,viu ^ elected Monday. I

;ions of president, gen-J
Ciai ^luncio'er and chairman of thef
board are now vacant. ^

George Burke, sr., recently!
served as temporary board chair^|
man, but his tenure of office endedf
following the hectic annual stock-
holders meeting last week.
Six Of Eight Seats

At that session, which lasted two
days and two (he local
management gror -six of the
eight positions on the board of di-
rectors.

The meeting Monday climaxes a
turbulent period for the local firm.
During the past year a vice-presi-
dent was killed in a plane crash,
a board chairman was fatally
burned in a fire, and the presi-
dent of the company resigned, re-
ported by request of the directors.

The company and eight officers
and former officers were named
defendents in a million dollar
stockholder's suit which is still
pending.

Despite the serious financial dif-
ficulties of the past year, opera-
tions since April have been on a
profitable basis, a company report
Sapws.