Proliance investors may recommend change to company's board

By Lisa Kerner

Charlotte, N.C., Feb. 12 - Proliance International, Inc. investor Roger Brown intends to discuss the company's operations with Proliance management and its board of directors.

Brown may recommend the company do one or more of the following:

• Accelerate the implementation of, or revise, the company's existing turnaround plan;

• Add one or more new members to Proliance's board, possibly including one or more candidates identified by the investor, to assist the company in its turnaround plan; and

• Explore one or more acquisitions or business combinations.

Additional investors Arthur Slaven, Michael Lerner and John McLinden may also choose to participate in the discussions.

Brown owns 852,177 shares, or 5.3%, of Proliance's outstanding stock. The ownership interests of the other investors are as follows: Slaven owns 330,835 shares, or 2.1%, of the company's common stock; Lerner owns 801,534 shares, or 5.0%, of the common stock; and McLinden owns 100,000 shares, or 1.7%, of the common stock.

Proliance designs and manufactures heat exchange and temperature control products, including radiators and air conditioning parts. The company is based in New Haven, Conn.

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