Proliance investor may discuss acceleration of turnaround plan with management

By Lisa Kerner

Charlotte, N.C., March 12 - Proliance International, Inc. investor Roger Brown intends to discuss the company's operations with Proliance management as well as 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.

The investor made his recommendations in a schedule 13D filed with the Securities and Exchange Commission, similar to one he filed in February.

Brown owns 852,177 shares, or 5.3%, of Proliance's outstanding 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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