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CTS Corporation (NYSE:CTS), a leading manufacturer of printed circuit boards with a market capitalization of $1.29 billion, announced the resignation of Scott D’Angelo, its Vice President, Chief Legal and Administrative Officer, and Corporate Secretary. The resignation is effective April 4, 2025, as stated in the company’s recent SEC filing.
D’Angelo, who has been a key figure in CTS’s legal and administrative operations, made the decision to step down from his role to pursue another chief legal officer opportunity. According to the filing, his decision to leave the company is personal and does not stem from any disagreements with CTS Corporation or its practices.
The company has not yet named a successor for D’Angelo, and he will continue to serve in his current role until the effective date of his resignation. CTS Corporation’s filing with the Securities and Exchange Commission on Monday confirmed the details of the transition.
CTS Corporation, incorporated in Indiana and headquartered in Lisle, Illinois, is known for its role in the electronics industry, particularly in the manufacturing sector categorized under the Standard Industrial Classification code 3672 for printed circuit boards.
Investors and stakeholders of CTS Corporation will be observing how the company manages this change in leadership within its legal and administrative ranks. According to InvestingPro, the company maintains a GOOD financial health score and has maintained dividend payments for 55 consecutive years. The stock is currently trading near its 52-week low, and analysis suggests it may be undervalued. For detailed insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro. The information provided is based on the company’s latest 8-K filing with the SEC.
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