Core Viewpoint - Hurco Companies, Inc. announces the retirement of Executive Chairman Michael Doar, effective after the 2026 Annual Meeting of Stockholders, while nominating him for re-election as a non-employee director and non-executive Chairman of the Board [1][2]. Company Overview - Hurco is an international industrial technology company that sells computer numeric control (CNC) machine tools to the global metal cutting and forming industry [3]. - The company operates three brands: Hurco, Milltronics, and Takumi, with proprietary interactive controls and software for the first two brands, while the third allows customers to choose their controls [3]. - Hurco's products serve various end markets, including aerospace, defense, medical equipment, energy, transportation, and computer equipment, catering to independent job shops and short-run manufacturing operations [3]. Leadership Transition - Michael Doar has been with Hurco since 2000, serving as CEO for 20 years before becoming Executive Chairman, contributing to the company's growth and industry relationships [2]. - The current leadership team, including CEO Greg Volovic and CFO Sonja McClelland, is expected to continue building on the company's strong foundation and technological advancements [3]. - The Board of Directors expresses confidence in the management team's ability to uphold Hurco's legacy of innovation and operational excellence [3].