TREVOSE, Pa., July 01, 2016 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that Austin So has been appointed to the newly created position of General Counsel, Chief Legal Officer and Secretary effective July 5, 2016.
So joins from Heraeus Incorporated, where he served most recently as Division General Counsel and Secretary of this Fortune Global 500 manufacturing conglomerate, leading a team of lawyers in Germany, China and the U.S. Among his many roles at Heraeus, So managed all U.S. litigation and international litigation involving U.S. entities. He negotiated a broad range of commercial agreements, helped support global M&A and other transactions and oversaw compliance for various divisions on company code of conduct, antitrust, export control and other issues. Prior to joining Heraeus, So practiced both corporate transactional law and litigation at top New York law firms. He was recently named by the MCCA (Minority Corporate Counsel Association) as a 2016 Rising Star.
Larry Miller, President and CEO of StoneMor Partners said, “We are thrilled to have Austin join the StoneMor team. The newly created position will provide a key perspective on the execution of our business plan. Austin’s broad legal background as both in-house counsel and outside attorney makes him uniquely qualified to provide legal expertise and strategic counsel and we look forward to his contributions.”
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 307 cemeteries and 104 funeral homes in 28 states and Puerto Rico.
StoneMor is the only publicly traded death care company structured as a partnership. StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Partners L.P., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. The Partnership cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements about future financial and operating results, the Partnership’s plans, objectives, expectations and intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with the cash flow from our pre-need and at-need sales, our trusts, and financings, which may impact our ability to meet our financial projections, our ability to service our debt and pay distributions, and our ability to increase our distributions; future revenue and revenue growth; the integration or anticipated benefits of our recent acquisitions or any future acquisitions; our ability to complete and fund additional acquisitions; the effect of economic downturns; the impact of our leverage on our operating plans; the decline in the fair value of certain equity and debt securities held in our trusts; our ability to attract, train and retain an adequate number of sales people; the volume and timing of pre-need sales of cemetery services and products; increased use of cremation; changes in the death rate; changes in the political or regulatory environments, including potential changes in tax accounting and trusting policies; litigation or legal proceedings that could expose us to significant liabilities and damage our reputation; the effects of cyber security attacks due to our significant reliance on information technology; the financial condition of third-party insurance companies that fund our pre-need funeral contracts; and other risks, assumptions and uncertainties detailed from time to time in the Partnership’s reports filed with the U.S. Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Forward-looking statements speak only as of the date hereof, and the Partnership assumes no obligation to update such statements, except as may be required by applicable law.
CONTACT: John McNamara Director - Investor Relations StoneMor Partners L.P. (215) 826-2945