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Universal Stainless Finance Chief Announces Resignation

The effective date of Mr. Bornak's resignation will be determined by mutual agreement between him and the company. The company has commenced a search for Mr. Bornak's replacement. The company intends to continue to retain the services of Mr. Bornak in his current role in order to provide for a smooth transition.  
 
Chairman, President and CEO Dennis Oates commented: "In the time that Mike has been with Universal Stainless he has brought some much needed leadership and organization to the finance function and staff.  I want to acknowledge the contribution that Mike made to Universal Stainless, and wish him success in his future endeavors." 
 
Michael Bornak commented: "I have enjoyed working with the entire Universal management and finance teams, but at this juncture, it is time for me to concentrate my efforts on other matters."