Tag Archives: Annual Meeting

Business, Finance, Occupation & Industry

Wireless Telecom Group Announces Setting of Record Date, Annual Meeting Date, and Slate of Nominees

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Wireless Telecom Group Announces Setting of Record Date, Annual Meeting Date, and Slate of Nominees for Election to the Board of Directors at the 2013 Annual Meeting

PARSIPPANY, N.J.–(BUSINESS WIRE)– Wireless Telecom Group, Inc. (NYSE MKT: WTT) announced today that April 26, 2013 has been established as the record date for determining shareholders entitled to vote at the 2013 Annual Meeting of Shareholders of the Company (the “Annual Meeting“). The Annual Meeting will be held at 10:00 a.m. ET on Wednesday, June 12, 2013, at the offices of Reed Smith LLP at 599 Lexington Avenue, New York, New York 10022.

The Company also announced that two of its incumbent directors, Adrian Nemcek and Rick Mace, notified the Company that in order to pursue other professional opportunities they will not be standing for reelection to the Board at the Annual Meeting. Consequently, the Company will put forward the following slate of seven nominees for election to the Board by stockholders at the Annual Meeting: Henry L. Bachman, Alan Bazaar, Richard Cremona, Joseph Garrity, Paul Genova, Glenn Luk, and Anand Radhakrishnan. Assuming his election to the Board, the Board intends that Glenn Luk will succeed Adrian Nemcek as Chairman of the Board.

Richard Cremona is the Senior Vice President, Kentrox Division of Westell Technologies, Inc. and has more than 25 years of executive level experience in the telecommunications industry. Richard was the Chief Executive Officer of Kentrox, Inc. until its acquisition by Westell Technologies, Inc. on April 1, 2013. Alan Bazaar is a Partner and Co-Chief Executive Officer of Hollow Brook Wealth Management LLC.

Paul Genova, CEO of Wireless Telecom Group, Inc., stated “We would like to thank the outgoing directors, Messrs. Nemcek and Mace, for their contributions to us, in particular their guidance over our last two successful years.”

Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Its complementary suite of high performance components and instruments includes RF combiners and broadband combiner boxes for in-building distributed antenna systems deployments, RF power splitters and diplexers, hybrid couplers, peak power meters, signal analyzers, noise modules, precision noise and generators. The Company serves both commercial and government markets with workflow-oriented, WiFi, WiMAX, satellite, cable, radar, avionics, medical, and computing applications. Wireless Telecom Group is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product …read more

Source: FULL ARTICLE at DailyFinance

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Walter Energy Highlights Significant Progress on Plan to Deliver Value to Shareholders

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Walter Energy Highlights Significant Progress on Plan to Deliver Value to Shareholders

Says Audley Capital plan inferior, value destructive, and not in the interests of Walter Energy shareholders

BIRMINGHAM, Ala.–(BUSINESS WIRE)– Walter Energy, Inc. (NYS: WLT) (TSX: WLT) today sent a letter to investors highlighting the substantial steps underway to drive performance and the Company’s concerns that the election of Audley Capital‘s director nominees would destroy shareholder value.

“Your leadership team has aggressively reduced costs (production and SG&A) and capital spending, safely increased production with a focus on profitability (including curtailing production at underperforming mines), and extended our debt maturity profile and enhanced our liquidity profile,” Michael T. Tokarz, chairman, and Walter J. Scheller III, CEO and director, said in the letter. “We recognize that there is more work to be done and remain focused on continuing to execute our strategic plan.

“We believe that electing the Audley slate would erode shareholder value by installing director nominees selected to effect a flawed plan and disrupt a strategy and a management team that is gaining momentum. . . . The Board includes the right mix of new and experienced directors to oversee the continued execution of our strategy and positioning of Walter Energy for growth as coal demand and prices recover.”

The letter states that “[Julian] Treger has launched a proxy fight to take effective control of Walter Energy without paying a premium and without any evidence of a new plan or a team that will drive increased shareholder value. Importantly, Mr. Treger has a track record of disregard for Walter Energy shareholders and a history of problematic actions that raise questions about his true agenda.” The letter also advises that “Audley’s proposals mostly consist of a restatement of initiatives that your management has already been executing, along with calls for changes that demonstrate a lack of even the most basic understanding of our business.”

Text of April 4 letter from Messrs. Tokarz and Scheller to Walter Energy shareholders:

Dear Fellow Walter Energy Shareholders:

On April 25th, at our Annual Meeting of Shareholders, you will be presented with an important choice about your investment and the future path of Walter Energy.

Your board and management team have taken meaningful steps to position Walter Energy to deliver shareholder value. We have completed our transformation into a focused, …read more

Source: FULL ARTICLE at DailyFinance

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Staples, Inc. Nominates Raul Vazquez to Board of Directors

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Staples, Inc. Nominates Raul Vazquez to Board of Directors

FRAMINGHAM, Mass.–(BUSINESS WIRE)– Staples, Inc. (NAS: SPLS) , the world’s largest office products company and second largest internet retailer, today announced that Raul Vazquez, Chief Executive Officer and Director of Progreso Financiero, has been nominated for election to the company’s Board of Directors. The election of Directors will take place at the company’s Annual Meeting, scheduled for June 3, 2013.

“We’re very pleased to nominate Raul Vazquez to our Board of Directors,” said Ron Sargent, Staples’ chairman and chief executive officer. “Raul would be an outstanding addition to our board. He is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention.”

Vazquez joined Progreso Financiero, a financial services company serving the needs of the growing Hispanic market, in 2012. Prior to that, he held executive roles with Wal-Mart Stores, Inc. and served as Chief Executive Officer of Walmart.com, where he oversaw day-to-day operations and drove a strategy to bring greater value and convenience to customers with a seamless multi-channel approach.

About Staples

Staples is the world’s largest office products company and second largest internet retailer. For 26 years, Staples has served the needs of business customers and its vision is to provide every product businesses need to succeed. Through its world-class retail, online and delivery capabilities, Staples offers office supplies, technology products and services, facilities and breakroom supplies, furniture, copy and print services and a wide range of other product categories. With thousands of associates worldwide dedicated to making it easy for businesses of all sizes, Staples operates throughout North and South America, Europe, Asia, australia and New Zealand. The company is headquartered outside Boston. More information about Staples (NAS: SPLS) is available at www.staples.com/media.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

Staples will be filing with the SEC and mailing to its stockholders a proxy statement relating to the election of directors, including Mr. Vazquez, at its 2013 Annual Meeting. The proxy statement will contain important information about Staples and its director nominees. Stockholders are urged to read the proxy statement carefully when it …read more
Source: FULL ARTICLE at DailyFinance

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Strayer Education, Inc. Schedules First Quarter 2013 Earnings Release

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Strayer Education, Inc. Schedules First Quarter 2013 Earnings Release

HERNDON, Va.–(BUSINESS WIRE)– Strayer Education, Inc. (NASDAQ: STRA) today announced that it will issue a press release outlining its financial results for the first quarter on Wednesday, May 1 at 4:00 p.m. (ET). On Thursday, May 2 at 8:00 a.m. (ET) the company will host its Annual Meeting of Shareholders and an Investor Day at the company’s corporate office located in Herndon, Va. The Investor Day, beginning at 8:30 a.m. (ET), will be accessible via live webcast and will provide opportunities for questions related to the first quarter financial results.

Additional information on Investor Day and webcast access is available via the company’s website at www.strayereducation.com.

Strayer Education, Inc. (NAS: STRA) is an education services holding company that owns Strayer University. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 100 campuses in 24 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online and corporate training programs through its Jack Welch Management Institute. The University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit www.strayereducation.com and for Strayer University visit www.strayer.edu.

Forward-Looking Statements

This press release contains statements that are forward looking and are made pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “Reform Act“). Such statements may be identified by the use of words such as “expect,” “estimate,” “assume,” “believe,” “anticipate,” “will,” “forecast,” “plan,” “project,” or similar words. The statements are based on the Company’s current expectations and are subject to a number of assumptions, uncertainties and risks. In connection with the safe-harbor provisions of the Reform Act, the Company has identified important factors that could cause the Company’s actual results to differ materially from those expressed in or implied by such statements. The assumptions, uncertainties and risks include the pace of …read more
Source: FULL ARTICLE at DailyFinance

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Northern Trust Corporation to Webcast First Quarter 2013 Earnings Conference Call and Annual Meeting

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Northern Trust Corporation to Webcast First Quarter 2013 Earnings Conference Call and Annual Meeting of Stockholders

CHICAGO–(BUSINESS WIRE)– Northern Trust Corporation announced today that it will webcast its first quarter earnings conference call live on Tuesday, April 16, 2013. The call will be conducted at 9:00 a.m. CT, following the release that morning of Northern Trust‘s first quarter 2013 earnings press release. The webcast, related presentation materials, and the earnings press release will be accessible on Northern Trust‘s web site: www.northerntrust.com/financialreleases.

Northern Trust will also webcast its annual meeting of stockholders live on Tuesday, April 16, 2013. The meeting will be held at 10:30 a.m. CT and the webcast will be accessible on Northern Trust‘s web site: www.northerntrust.com/presentations. For additional information on the annual meeting of stockholders, please refer to the 2013 Proxy Statement available here: www.northerntrust.com/proxy.

Replays of both webcasts will be available for approximately four weeks after the date of the event.

Participants will need Windows Media or Adobe Flash software, which may be downloaded free at Northern Trust‘s web site.


About Northern Trust

Northern Trust Corporation (NAS: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation
Investor Contact:
Bev Fleming, (312) 444-7811
Beverly_Fleming@ntrs.com
or
Media Contact:
Doug Holt, (312) 557-1571
Doug_Holt@ntrs.com

KEYWORDS:   United States  North America  Illinois

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The article Northern Trust Corporation to Webcast First Quarter 2013 Earnings Conference Call and Annual Meeting of Stockholders originally …read more
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OTK Associates Comments on Morgans Hotel Group's Agreement with The Yucaipa Companies

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OTK Associates Comments on Morgans Hotel Group’s Agreement with The Yucaipa Companies

NEW YORK–(BUSINESS WIRE)– OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. (NAS: MHGC) with 13.9% of the outstanding common stock of the company, today commented on Morgans’ agreements with The Yucaipa Companies.

As the largest shareholder of Morgans, OTK Associates is deeply concerned by the company’s announcement of a material transaction with an insider and major creditor during an ongoing proxy process. OTK Associates questions whether the board’s special committee has appropriately considered, in earnest,alternatives to consummating yet another ill-timed transaction with an interested party,especially given that two of Morgans’ directors have a significant financial interest in the transaction.

Furthermore, the attempt to alter the previously announced shareholder record date for the Annual Meeting of Stockholders is a clear effort to circumvent the proxy process and disenfranchise shareholders of record at a time when a credible slate of alternative board members has been proposed for consideration.

The rights offering would advantage The Yucaipa Companies over all other shareholders who are subject to the company’s prohibitive poison pill threshold and coercively dilute existing shareholders who are unlikely to want to invest in the policies of the existing management and board.

The proposed transaction retroactively and deliberately delays the shareholder vote and, left unchallenged, this postponement allows Yucaipa to amass a significant voting equity position where there was none as of the previously established record date.

In addition to these concerns, the proposed transaction does almost nothing to address the ongoing fundamental issues plaguing the company’s operating performance, misalignment of interests and bloated overhead. Yesterday’s announcement is indicative of the type of insider dealings to which shareholders without proper representation will remain vulnerable barring significant change at the board level. In light of these developments, OTK Associates is evaluating all legal rights and remedies.

IMPORTANT INFORMATION

STOCKHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO SOLICITATION OF PROXIES BY OTK ASSOCIATES, LLC AND ITS AFFILIATES FROM THE STOCKHOLDERS OF MORGANS HOTEL GROUP CO. FOR USE AT THE 2013 ANNUAL MEETING OF MORGANS HOTEL GROUP CO. WHEN THEY ARE AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. WHEN COMPLETED, SUCH MATERIALS WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV OR BY CONTACTING THE …read more
Source: FULL ARTICLE at DailyFinance

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Ameriprise Financial Announces Schedule for First Quarter 2013 Investor Conference Call and Annual M

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Ameriprise Financial Announces Schedule for First Quarter 2013 Investor Conference Call and Annual Meeting of Shareholders

MINNEAPOLIS–(BUSINESS WIRE)– Ameriprise Financial, Inc. (NYS: AMP) today announced the timing of its first quarter 2013 investor conference call and annual meeting of shareholders.

First quarter 2013 Investor Conference Call

The company plans to host its first quarter 2013 investor conference call on Tuesday, April 23, 2013 at 8:00 a.m. (CT). The company plans to announce first quarter 2013 financial results on Monday, April 22, 2013 after the close of the New York Stock Exchange.

The live audio webcast of the investor call, as well as the earnings release, quarterly statistical supplement and presentation slides, will be accessible to the general public on the company’s website at ir.ameriprise.com.

Annual Meeting of Shareholders

The company plans to host its annual meeting of shareholders on Wednesday, April 24, 2013 at its headquarters at 707 Second Avenue South in Minneapolis at 11:00 a.m. (CT). Holders of record of Ameriprise Financial common stock as of February 28, 2013 are entitled to vote at the meeting.

A live audio webcast of the annual meeting of shareholders will be accessible to the general public at ir.ameriprise.com.

At Ameriprise Financial, we have been helping people feel confident about their financial future for over 115 years. With outstanding asset management, advisory and insurance capabilities and a nationwide network of 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.

© 2013 Ameriprise Financial, Inc. All rights reserved.

Ameriprise Financial
Paul Johnson, 612-671-0625
paul.w.johnson@ampf.com

KEYWORDS:   United States  North America  Minnesota

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The article Ameriprise Financial Announces Schedule for First Quarter 2013 Investor Conference Call and Annual Meeting of Shareholders originally appeared on Fool.com.

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American Express Plans Live Audio Webcasts of the First Quarter 2013 Earnings Conference Call and An

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American Express Plans Live Audio Webcasts of the First Quarter 2013 Earnings Conference Call and Annual Meeting of Shareholders

NEW YORK–(BUSINESS WIRE)– American Express Company (NYS: AXP) plans to host a live audio webcast of its investor conference call at 5:00 p.m. (ET) on Wednesday, April 17, 2013 to discuss first quarter 2013 financial results. The Company’s financial results are scheduled to be announced shortly after the market closes that day.

The Company also plans to host a live audio webcast of its annual meeting of shareholders on Monday, April 29, 2013 at 9:00 a.m. (ET). The meeting will be held in the auditorium at the Company’s headquarters located in Lower Manhattan.

Live audio of both the investor conference call and the annual meeting of shareholders will be accessible to the general public at http://ir.americanexpress.com. Earnings presentation materials will be posted on the website prior to the investor conference call. Audio replays for both events will be available on the website following each event.


About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, foursquare.com/americanexpress, linkedin.com/companies/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products and services: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, business travel, and corporate card.

American Express Company
Media:
Marina Norville, +1-212-640-2832
marina.h.norville@aexp.com
or
Mike O’Neill, +1-212-640-5951
mike.o’neill@aexp.com
or
Investors/Analysts:
Ken Paukowits, +1-212-640-6348
ken.f.paukowits@aexp.com
or
Rick Petrino, +1-212-640-5574
richard.petrino@aexp.com

KEYWORDS:   United States  North America  New York

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The article American Express Plans Live Audio Webcasts of the First Quarter 2013 Earnings Conference Call and Annual Meeting of Shareholders originally appeared on Fool.com.

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Audley Capital Issues Letter to Walter Energy Stockholders

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Audley Capital Issues Letter to Walter Energy Stockholders

Responds to Walter Energy’s Misleading and Flawed Accusations

Urges Stockholders to Sign, Date and Mail the GOLD Proxy Card Today

NEW YORK–(BUSINESS WIRE)– Audley Capital Advisors LLP (including certain related funds and investment vehicles, “Audley Capital“) issued today the following letter to stockholders of Walter Energy, Inc. (NYS: WLT) (TSX: WLT) (“Walter Energy” or “the Company”) in connection with Audley Capital‘s five nominees for election to the Board of Directors at the Company’s upcoming 2013 Annual Meeting of Stockholders on April 25, 2013.

Audley Capital urges Walter Energy‘s stockholders to vote the GOLD proxy card for Audley Capital‘s five highly-qualified and experienced director nominees.

Julian Treger, Managing Partner of Audley Capital Advisors, said, “We are disappointed with Walter Energy‘s blatant attempts to cast a shadow on the strong credentials of our five highly-qualified and experienced director nominees. We believe that this is the Company’s attempt to divert attention from its continued underperformance and distract stockholders from the value that these accomplished professionals will bring to the Board. We continue to believe that our director nominees can work to implement the changes necessary to correct the financial and operational missteps of the current Board.”

The full text of the letter follows:

CHANGE IS LONG OVERDUE AT WALTER ENERGY

Dear Fellow Walter Energy Stockholder,

On March 25, 2013, Walter Energy issued a letter to its stockholders raising purported concerns about the slate of director nominees put forward by Audley Capital Advisors LLP (including certain related funds and investment vehicles, “Audley Capital“) for election to Walter Energy‘s Board of Directors at its Annual Meeting of Stockholders on April 25, 2013. Needless to say, we were very disappointed by the current Board’s attempt to mislead Walter Energy stockholders. The present directors have presided over aloss of more than $6 billion in stockholder value since 2011 and, in our view, have shown no accountability or contrition. Perhaps they simply fail to grasp the financial and operational initiatives that we think are needed to create lasting value at the Company. We wonder whether they may be reduced to making misleading personal …read more
Source: FULL ARTICLE at DailyFinance

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Standex Names Thomas J. Hansen as New Independent Director

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Standex Names Thomas J. Hansen as New Independent Director

Veteran Executive Brings More Than 30 Years of Automotive and Industrial Manufacturing Experience to Company’s Board

SALEM, N.H.–(BUSINESS WIRE)– Standex International Corporation today announced that its Board of Directors has appointed Thomas J. Hansen as a new member of the Board, effective March 20, 2013. Mr. Hansen’s appointment will increase the number of directors from eight to nine. Mr. Hansen will stand for election by the shareholders to a full three-year term as a director at the Company’s next Annual Meeting of Shareholders, which will occur following the end of the Company’s current fiscal year.

Until his retirement in March 2012, Hansen was the vice chairman of Illinois Tool Works Inc. (ITW), where he had been responsible for the company’s Worldwide Automotive Components and Fasteners business, its Construction Products and Fluids & Polymers businesses, as well as its Industrial Metal and Plastics businesses.

“The automotive and industrial manufacturing insight that Tom has gained during his long and distinguished career at ITW will be of immense value to Standex as the Company executes on its focused diversity strategy in the years ahead,” said Edward Trainor, Chairman of the Board. “Tom’s qualifications – particularly his experience with highly engineered product manufacturing – made him an ideal candidate to serve as an independent director, and we welcome him to the Standex board.”

“Tom’s broad end-market knowledge is particularly well-aligned with our current business portfolio and with the sectors that Standex is targeting for new opportunities for long-term growth,” said Standex President and Chief Executive Officer Roger Fix. “In addition, we expect Standex to benefit from Tom’s extensive experience in closing and integrating strategic acquisitions. We are delighted that he has agreed to join us, and we look forward to the perspective he will bring to the board in the years ahead.” 1

Hansen joined ITW in 1980 as sales and marketing manager of the Shakeproof Industrial Products business, which manufactures fasteners for general industrial markets, and was named general manager of the business in 1983. He was promoted to vice president and general manager of ITW‘s North American Industrial Metal Fastener and Buckle Divisions in 1986. He was named president of ITW‘s North American Industrial and Automotive fastener businesses in 1990 and appointed president …read more
Source: FULL ARTICLE at DailyFinance

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Accuride Corporation Sets Date of 2013 Annual Meeting of Stockholders

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Accuride Corporation Sets Date of 2013 Annual Meeting of Stockholders

EVANSVILLE, Ind.–(BUSINESS WIRE)– Accuride Corporation (NYS: ACW) , a Delaware corporation (“the Company”), today announced that its 2013 Annual Meeting of Stockholders will be held on Tuesday, May 28, 2013, beginning at 3:00 p.m. Eastern Daylight Time at the offices of Latham & Watkins LLP, located at 885 Third Avenue, New York, N.Y. 10022.

The Company’s stockholders of record at the close of business on April 17, 2013, will be entitled to receive notice of the annual meeting and to vote upon matters considered at the meeting. Additional information regarding the annual meeting will be provided in the company’s Notice of Annual Meeting which will be mailed together with proxy materials to shareholders of record.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite®, Imperial™ and Brillion™. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at www.AccurideCorp.com.

Accuride Corporation
Media Relations
Timothy G. Weir, APR,812-962-5128
Director of Public Affairs, Communications & Marketing
tweir@accuridecorp.com
or
Investor Relations
Chad Monroe,812-962-5041
Director of Corporate Development
cmonroe@accuridecorp.com

KEYWORDS:   United States  North America  Indiana  New York

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The article Accuride Corporation Sets Date of 2013 Annual Meeting of Stockholders originally appeared on Fool.com.

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Abraxas Files Preliminary Proxy Materials and Sets Record Date for Annual Meeting

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Abraxas Files Preliminary Proxy Materials and Sets Record Date for Annual Meeting

Board Recommends Shareholders Vote FOR Abraxas’ Incumbent Directors

SAN ANTONIO–(BUSINESS WIRE)– Abraxas Petroleum Corporation (NAS: AXAS) today announced that it has filed its preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its 2013 Annual Meeting of Shareholders. The Company has established March 22, 2013, as the record date for shareholders entitled to vote at the 2013 Annual Meeting, which has not yet been scheduled.

The Abraxas Board of Directors unanimously recommends that shareholders vote for the Board’s three incumbent, independent directors – Harold D. Carter, Brian L. Melton and Edward P. Russell.

Abraxas notes that its Board of Directors comprises nine directors, eight of whom are independent, and the other of whom serves as the Company’s President and Chief Executive Officer. Abraxas’ directors are proven business leaders with a broad range of management, financial and operational experience, as well as expertise in the oil and gas industry. Under the current Board’s leadership, Abraxas continues to execute on its plan to reduce debt, enhance liquidity and focus on the Company’s highest returning basins. Abraxas has strengthened its core business through the divestiture of non-core assets such as its Nordheim project in the Eagle Ford shale, the Company’s Alberta Basin properties and various non-core assets in Louisiana, Oklahoma, North Dakota and Montana. The Company has also retained an investment bank to divest a larger package consisting of its non-operated assets in the Bakken/Three Forks.

The Company also today announced that it has received notice from Clinton Group, Inc. announcing its intent to nominate three director candidates for election to the Abraxas Board at the Company’s 2013 Annual Meeting of Shareholders. The Clinton group has beneficial ownership of approximately 3.54 percent of Abraxas’ outstanding shares. The Clinton Group has informed the Company that it intends to nominate Katherine Taaffe Richard, William H. Armstrong III and James Wylie McFarland.

The independent Directors who serve on the Nominating and Corporate Governance Committee of the Abraxas Board have interviewed and carefully considered the Clinton Group‘s nominees. Following a thorough review of their skills, experience, and other qualifications, the Committee and the Board unanimously determined that reelecting Abraxas’ incumbent directors will best serve the interests of all shareholders. The Board is open …read more
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Early versus Delayed Treatment with Laquinimod Demonstrated Significant Reduction in Risk of Disabil

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Early versus Delayed Treatment with Laquinimod Demonstrated Significant Reduction in Risk of Disability Progression – Results of Three-Year ALLEGRO Study in Relapsing-Remitting Multiple Sclerosis

  • Data presented at the 65th Annual Meeting of the American Academy of Neurology (AAN) showed early treatment with laquinimod demonstrated significant benefit in terms of slowing disability progression compared to delayed treatment
  • 36-month data affirmed the safety profile demonstrated in the ALLEGRO pivotal clinical trial
  • Additional animal preclinical data demonstrated laquinimod restored myelination in the brain and spinal cord

JERUSALEM & LUND, Sweden–(BUSINESS WIRE)– Teva Pharmaceutical Industries Ltd. (NYS: TEVA) and Active Biotech (NASDAQ OMX NORDIC: ACTI) announced today top-line results from the open-label extension of the Phase III ALLEGRO study that assessed the progression of disability and safety of oral laquinimod in early versus delayed-start relapsing-remitting multiple sclerosis (RRMS) patients. The study compared the effectiveness of laquinimod in patients who received 36 months (early-start) versus those who received 24 months of laquinimod treatment (delayed-start). Laquinimod is an oral, once daily, investigational drug in Phase III studies for RRMS.

Of the 864 RRMS patients who participated in the original double-blind ALLEGRO trial, 97% participated in the open-label extension and 87% completed one year of the open-label phase. Overall, during the entire conduct of the study (double blind and open label phase), early start patients were less likely to experience disease progression than those with a delayed start of Laquinimod (11.8% risk of confirmed disability progression vs 16.7%, HR = 0.62, p < 0.0038).

“The results of this longer-term study of laquinimod suggest a robust benefit in terms of early treatment for RRMS and in potentially delaying disability, which is a primary goal of RRMS treatment,” said Dr. Michael Hayden, President of Global R&D and Chief Scientific Officer for Teva Pharmaceutical Industries, Ltd. “The development of laquinimod’s clinical profile has been full of exciting revelations about the compound’s unique mechanism of action, and we were dually encouraged by the preclinical data which demonstrated a potential direct effect on neuroregenerative processes.”

The study also supports a favorable safety and …read more
Source: FULL ARTICLE at DailyFinance

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ADDING MULTIMEDIA Starbucks Introduces Innovative Cross-Channel, Multi-Brand Loyalty Program and Ann

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ADDING MULTIMEDIA Starbucks Introduces Innovative Cross-Channel, Multi-Brand Loyalty Program and Announces Global Social Impact Initiatives at Annual Meeting of Shareholders

Company Recognizes the Contributions of its 200,000 Global Partners (Employees) in Delivering Record Financial Performance and a 38% Total Return to Shareholders in Fiscal 2012, Reaffirms Long-Term Growth Targets

SEATTLE–(BUSINESS WIRE)– Howard Schultz, chairman, president and ceo of Starbucks Coffee Company (NAS: SBUX) , opened the company’s Annual Meeting of Shareholders by recognizing company partners (employees) and highlighting the company’s continuing robust operating performance. Schultz and other company executives announced a breakthrough innovation in Starbucks loyalty and rewards program, shared progress and future plans for its recent La Boulange, Evolution Fresh and Teavana acquisitions and offered a comprehensive overview of how Starbucks is using its global scale to create positive, local impact in the communities where it operates and where its partners and customers live and work.

Howard Schultz, chairman, president and ceo, acknowledges the more than 200,000 Starbucks partners (employees) worldwide for their contributions to the company’s ongoing success. (Photo: Business Wire)

Annual meeting highlights included:

  • Thanks and appreciation from company shareholders via webcast to the 200,000 Starbucks partners around the world who deliver the Starbucks Experience to over 70 million customers in 62 countries each week.
  • The announcement by Adam Brotman, chief digital officer, of an expansion of the company’s loyalty and rewards program, and an industry-first innovation that will enable customers to earn rewards for grocery channel purchases that can be redeemed in Starbucks retail stores and is expected to double the number of customers enrolled in the company’s programs in fiscal 2013.
  • Brotman also announced that Starbucks mobile payment platform is now generating over three million U.S. mobile payment transactions per week.
  • Blair Taylor, Starbucks chief community officer, announced the launch of a new nonprofit corporation with a $1 million seed grant to introduce job skills, leadership and apprenticeship programs to young people across the company’s multi-billion-dollar supply chain, and further expansion of the company’s support for U.S. manufacturing through an order for 100,000 ceramic mugs from a supplier in Ohio whose operations Starbucks helped expand through previous purchasing commitments.
  • A discussion by …read more
    Source: FULL ARTICLE at DailyFinance
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Shareholders Re-elect Members of Berry Plastics Group Inc.'s Board of Directors

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Shareholders Re-elect Members of Berry Plastics Group Inc.’s Board of Directors

EVANSVILLE, Ind.–(BUSINESS WIRE)– Berry Plastics Group, Inc. (NYS: BERY) announced at its Annual Meeting of Stockholders held on March 20, 2013, that the Company’s shareholders re-elected Donald C. Graham, David B. Heller, and Carl J. (Rick) Rickertsen to the Company’s Board of Directors.

“I am pleased that Don, David, and Rick were re-elected to Berry’s Board of Directors,” said Jon Rich, Chairman and CEO of Berry Plastics. “Together, they bring a wealth of knowledge gained from years of experience in the plastics packaging and private equity sectors, and by serving on boards of both private and publicly traded companies. Their knowledge, experience, and insight will be beneficial to Berry as we pursue our deleveraging and strategic growth initiatives.”

Donald C. (Don) Graham founded “The Graham Group,” an alliance of independently owned and operated industrial businesses and investment management firms, and has been a member of Berry Plastics‘ Board of Directors since 2006. Over nearly half a century, Graham built a substantial family industrial concern—founding consumer packaging, capital equipment and building products businesses, and investing in companies serving a wide range of consumer and industrial sectors. Graham founded Graham Packaging Company, in which he sold a controlling interest in 1998 and retained a minority ownership position until the company was sold in 2011. Graham participates on several advisory boards of The Graham Group’s independently owned and managed investment concerns and continues to provide guidance as an active board member of and investor in many underlying portfolio companies.

David B. Heller became a member of Berry Plastics‘ Board of Directors in October 2012. Heller is the former Global Co-Head of the Securities Division at Goldman, Sachs & Co., where he also served on the Management Committee. He joined Goldman Sachs in 1989 in New York and also spent significant time living and working in Tokyo and London during his career with the firm. He retired from Goldman in March of 2012. Currently he serves as a Trustee for the Acumen Fund, the New Museum of Contemporary Art, Project Morry, and Third Way. Heller earned a B.A. from Harvard College and continues to be involved with the university.

Carl J. (Rick) Rickertsen became a member of the Company’s Board in January 2013. Rickertsen is currently managing partner of Pine Creek Partners, a private equity investment firm, a position …read more
Source: FULL ARTICLE at DailyFinance

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Sturm, Ruger &amp; Company, Inc. Announces Internet Availability of Proxy Materials for 2013 Annual Meet

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Sturm, Ruger & Company, Inc. Announces Internet Availability of Proxy Materials for 2013 Annual Meeting of Stockholders

SOUTHPORT, Conn.–(BUSINESS WIRE)– Sturm, Ruger & Company, Inc. (NYS: RGR) announces that proxy materials for its 2013 Annual Meeting of Stockholders are available on the Internet in accordance with the U.S. Securities and Exchange Commission (“SEC“) Notice and Access rule which allows companies to furnish their proxy materials through the Internet.

Sturm, Ruger is mailing to its stockholders of record as of March 11, 2013 a notice regarding the Internet availability of the proxy materials instead of a paper copy of its proxy statement and 2012 Annual Report on Form 10-K. This notice contains instructions regarding how to access the Company’s proxy materials through the Internet and how to vote electronically through the Internet or in person at the Annual Meeting. Sturm, Ruger believes that this process will reduce printing, postage and environmental costs for distributing paper copies of its proxy materials.

Sturm, Ruger’s proxy statement and 2012 Annual Report on Form 10-K have been filed with the SEC and may also be viewed at the Company’s website at www.ruger.com. Stockholders who wish to obtain paper copies of the Company’s proxy materials at no charge may do so by following the instructions provided in the notice being mailed to stockholders, or by writing to Leslie M. Gasper, Corporate Secretary, Sturm, Ruger & Company, Inc., Lacey Place, Southport, CT 06890.

All Company stockholders are cordially invited to attend Sturm, Ruger’s 2013 Annual Meeting of Stockholders on Tuesday, April 30, 2013 at 9:00 a.m. Mountain Standard Time at the Hassayampa Inn, 122 East Gurley Street, Prescott, AZ 86301.

Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.

Sturm, Ruger & Co., Inc.

Arms Makers for Responsible Citizens®

Sturm, Ruger & Company, Inc.
One Lacey Place
Southport, CT 06890
www.ruger.com
203-259-7843

KEYWORDS:   United States  North America  Arizona  Connecticut

INDUSTRY KEYWORDS:

The article Sturm, Ruger & Company, Inc. Announces Internet Availability of Proxy Materials for 2013 Annual Meeting of Stockholders originally appeared on …read more
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Starbucks Introduces Innovative Cross-Channel, Multi-Brand Loyalty Program and Announces Global Soci

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By Business Wirevia The Motley Fool

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Starbucks Introduces Innovative Cross-Channel, Multi-Brand Loyalty Program and Announces Global Social Impact Initiatives at Annual Meeting of Shareholders

Company Recognizes the Contributions of its 200,000 Global Partners (Employees) in Delivering Record Financial Performance and a 38% Total Return to Shareholders in Fiscal 2012, Reaffirms Long-Term Growth Targets

SEATTLE–(BUSINESS WIRE)– Howard Schultz, chairman, president and ceo of Starbucks Coffee Company (NAS: SBUX) , opened the company’s Annual Meeting of Shareholders by recognizing company partners (employees) and highlighting the company’s continuing robust operating performance. Schultz and other company executives announced a breakthrough innovation in Starbucks loyalty and rewards program, shared progress and future plans for its recent La Boulange, Evolution Fresh and Teavana acquisitions and offered a comprehensive overview of how Starbucks is using its global scale to create positive, local impact in the communities where it operates and where its partners and customers live and work.

Annual meeting highlights included:

  • Thanks and appreciation from company shareholders via webcast to the 200,000 Starbucks partners around the world who deliver the Starbucks Experience to over 70 million customers in 62 countries each week.
  • The announcement by Adam Brotman, chief digital officer, of an expansion of the company’s loyalty and rewards program, and an industry-first innovation that will enable customers to earn rewards for grocery channel purchases that can be redeemed in Starbucks retail stores and is expected to double the number of customers enrolled in the company’s programs in fiscal 2013.
  • Brotman also announced that Starbucks mobile payment platform is now generating over three million U.S. mobile payment transactions per week.
  • Blair Taylor, Starbucks chief community officer, announced the launch of a new nonprofit corporation with a $1 million seed grant to introduce job skills, leadership and apprenticeship programs to young people across the company’s multi-billion-dollar supply chain, and further expansion of the company’s support for U.S. manufacturing through an order for 100,000 ceramic mugs from a supplier in Ohio whose operations Starbucks helped expand through previous purchasing commitments.
  • A discussion by Troy Alstead, chief financial officer, of region-by-region and individual segment performance for fiscal 2012 and a reaffirmation of the company’s fiscal 2013 revenue and EPS growth targets.
  • Schultz’s recognition of Starbucks 15-year business …read more
    Source: FULL ARTICLE at DailyFinance
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Positive Year One Results from Biogen Idec Phase 3 ADVANCE Trial of PLEGRIDY™ (Peginterferon Beta-1a

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Positive Year One Results from Biogen Idec Phase 3 ADVANCE Trial of PLEGRIDY™ (Peginterferon Beta-1a) Presented at AAN Meeting

– Primary and Secondary Endpoints Met After One Year, Including Reductions in Relapses and Disability Progression –

– Additional Data Demonstrate Significant Effects in Decreasing Brain Lesions –

WESTON, Mass.–(BUSINESS WIRE)– Today Biogen Idec (NAS: BIIB) announced the positive, full first-year results from its two-year pivotal Phase 3 ADVANCE study of PLEGRIDY™(peginterferon beta-1a), the company’s investigational candidate for relapsing-remitting multiple sclerosis (RRMS) dosed once every two weeks or every four weeks. These data, presented today at the American Academy of Neurology’s 65th Annual Meeting, indicate that PLEGRIDY significantly reduced multiple sclerosis (MS) disease activity, including relapses, disability progression and brain lesions, compared to placebo at one year.

“These full first-year results provide a more complete picture of PLEGRIDY and its positive effects on the reduction of relapse, disability progression and lesion development,” said Peter Calabresi, M.D., director, the Johns Hopkins Multiple Sclerosis Center. “These data suggest that, if approved, PLEGRIDY may offer the benefit of a less frequent dosing schedule, which would be a meaningful advance for people living with MS.”

Study Results for Two-Week Dosing Arm at Year One:

Primary endpoint:

  • PLEGRIDY met the primary endpoint of reducing annualized relapse rate (ARR) at one year by 36 percent compared to placebo (p=0.0007).

Secondary endpoints:

  • PLEGRIDY reduced the proportion of patients who relapsed by 39 percent compared to placebo (p=0.0003).
  • PLEGRIDY reduced the number of new or newly enlarging T2-hyperintense lesions on brain MRI scans by 67 percent compared to placebo (p<0.0001).
  • PLEGRIDY also demonstrated significant positive effects on disability progression by reducing the risk of 12-week confirmed disability progression, as measured by the Expanded Disability Status Scale (EDSS), …read more
    Source: FULL ARTICLE at DailyFinance
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Impax Pharmaceuticals Announces Presentation of RYTARYTM (IPX066) (Carbidopa and Levodopa) Extended-

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Impax Pharmaceuticals Announces Presentation of RYTARY TM (IPX066) (Carbidopa and Levodopa) Extended-Release Capsules Phase III and Open-Label Extension Data at the American Academy of Neurology 2013 Annual Meeting

HAYWARD, Calif.–(BUSINESS WIRE)– Impax Pharmaceuticals, a division of Impax Laboratories, Inc. (NAS: IPXL) , today announced the presentation of results from its RYTARYTM (IPX066) Phase III and open-label extension trials at the 65th Annual Meeting of the American Academy of Neurology in San Diego, CA on March 18, 2013. IPX066 is an investigational extended-release capsule formulation of carbidopa-levodopa being developed for the symptomatic treatment of adult patients with idiopathic Parkinson’s disease. The IPX066 data was presented as part of a poster session, entitled “Movement Disorders: Parkinson’s Disease Therapy.”

The presentation of IPX066 posters was as follows:

Date and Time (all posters):
March 18, 2013 from 2:00-6:30, with authors in attendance from 5:30-6:30 PM (local time)

Presentation Title and Number:

Long-Term Safety of IPX066 Extended-Release Carbidopa-Levodopa Capsules in Patients with Motor Fluctuations in Advanced Parkinson’s Disease
Abstract / Poster Number: 3706/ P01.065

Presentation Title and Number:

Long-Term Safety of IPX066 Extended-Release Carbidopa-Levodopa Capsules in Patients with Early Parkinson’s Disease
Abstract / Poster Number: 3662/ P01.064

Presentation Title and Number:

Analysis of IPX066 Dosing Data in Advanced Parkinson’s Disease (PD) Patients
Abstract / Poster Number: 49/ P01.063

On January 21, 2013, Impax received a complete response letter which indicated that the FDA could not approve the NDA for IPX066 at that time. The complete response letter stated that satisfactory resolution and verification of the deficiencies identified during the inspection of the manufacturing facility in Hayward, California would be required before the NDA for IPX066 may be approved. On March 4, 2013, the Company announced the receipt of a Form 483 following an inspection by the FDA of the Hayward facility. The Form 483 contained several observations specific to IPX066 which the Company believes must be satisfactorily resolved before the NDA for IPX066 may be approved.

Open-Label Extension Study in Advanced Parkinson’s Disease (PD) Patients

Advanced PD patients with motor fluctuations …read more
Source: FULL ARTICLE at DailyFinance

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AvalonBay Communities Announces May 22, 2013, Retirement of Bryce Blair from the Board; Timothy J. N

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AvalonBay Communities Announces May 22, 2013, Retirement of Bryce Blair from the Board; Timothy J. Naughton Appointed to Succeed as Chairman

ARLINGTON, Va.–(BUSINESS WIRE)– AvalonBay Communities, Inc. (NYSE: AVB) announced today that Bryce Blair, Chairman of the Board, has decided not to stand for re-election at the May 22, 2013 Annual Meeting of Stockholders (the “Annual Meeting“). This will complete Mr. Blair’s retirement from the Company. The Company also announced that its Board of Directors has appointed Timothy J. Naughton, the Company’s Chief Executive Officer, to serve in the additional capacity as Chairman of the Board, effective upon Mr. Naughton’s re-election to the Board at the Annual Meeting.

Mr. Blair said, “I have been with AvalonBay for over 25 years. It has been tremendously rewarding for me to see the Company grow during that time into a nationally recognized leader in our industry that has served all of our stakeholders well – shareholders, residents, associates and the neighborhoods in which we build and operate our communities. With the recently completed purchase of over six billion dollars of assets from Archstone Communities, I look forward to watching AvalonBay as it begins a new phase in its successful history.”

“During Bryce‘s tenure as CEO of the Company, the Company focused its strategy and excelled in its execution. It has been a privilege to work with Bryce and learn from him, and we will miss having him as a colleague,” said Mr. Naughton.

“Bryce was instrumental in helping AvalonBay build one of the most talented and experienced real estate management teams,” added Lance Primis, the Company’s Lead Independent Director. “The Board thanks Bryce for his many years of dedicated service to the Company. We are confident that, with the additional role of Chairman, Tim will help guide the Company to continued growth and success.”

About AvalonBay Communities

As of March 1, 2013, including the effect of the Archstone transaction that occurred during the first quarter, the Company owned or held an interest in 273 apartment communities containing 81,970 apartment homes in twelve states and the District of Columbia, of which 28 communities were under construction and five communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay, an S&P 500 listed company, may be found on AvalonBay’s website at http://www.avalonbay.com.

…read more
Source: FULL ARTICLE at DailyFinance