Materion Corp (MTRN)

[Watts Watt]

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Letter From Dead Presidents:

Dead Presidents Wednesday, 03/04/15 09:50:27 PM
Re: None
Post # of 74864

Letter to Mr. Tom Steipp.



Dear Mr Steipp,

It is unfortunate that I am writing this letter to you to reflect the utter disappointment in yesterday's conference call and my complete regret in trusting your last words of encouragement of being in the "mist." Once again you have displayed a complete lack of understanding of your role as CEO, one in which you are highly compensated.

Your endless misrepresentations and misguided statements are repulsive and unnerving and can only lead one to ask: "what the hell are you doing?" You have continually stated, and reaffirmed, that the company is moving in the "right direction" with numerous prototypes and projects. Yet with each and every successive conference call you have back pedaled and offered feeble -at best- excuses.

Last October I had the privilege of meeting with and briefly communicating with Mr. Paul Hauck, your Senior Vice President of World Wide Sales. May I offer you a bit of advice: turn the reins over to Mr. Hauck and his team and allow them to work their magic. Mr. Hauck seems to be a man of unquestionable integrity, dedication, and possess a stellar resume of success. He is a no non-sense, straight to the point, and most importantly, trustworthy individual.

You and I, being military men, and I assume both commanders, know that every successful commander surrounds himself with a superb command staff. After serving twenty-two plus years as a United States Marine Corps officer, operating at the apex of command, I am completely disgusted with your lack "command and control."

While I still remain confident in the technology and the future potential of its utilization, I have lost complete "trust and confidence" in your ability to lead this company. It is unfortunate that this company will not fully see its disruptive influence until your departure.

While I am sure I will not receive a response, for it is apparent that you do not truly care for the individual shareholder, I am compelled to verbalize, on behalf of all the other individuals funding your exorbitant salary, our complete and utter disappointment in YOUR performance.

Please prove me wrong, please tell me that you are going to pull a rabbit out of your hat and save this company. Please tell me that there is something in the pipeline, something that will send this company back to were it was!

Sincerely,

XXXXX XXXXXX