Tag Archives: Company Chairman

Business, Finance, Occupation & Industry

Midway Gold Appoints New CFO

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By Business Wirevia The Motley Fool

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Midway Gold Appoints New CFO

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (MDW:TSX-V; MDW:NYSE-AMEX) (“Midway”) is pleased to announce that Mr. John Labate will be joining the Midway team as the new Chief Financial Officer. Mr. Labate will work with Mr. Fritz Schaudies, the Company’s current CFO, to ensure a seamless transition of his Chief Financial Officer duties.

Ken Brunk, the Company’s Chairman, President and CEO stated, “First, we would like to thank Fritz for his work at Midway. His advancement of the company’s financial systems has been very valuable and is extremely appreciated. While we are sad to see him go, we all wish him the very best in health and happiness. As we move forward, we are delighted to welcome John Labate to Midway. John brings a wealth of financial experience gained from his many years in the mining industry and we believe he will be a great fit for the company.”

Mr. Labate brings over 30 years of financial experience to the Midway team having been CFO of dually listed mining companies since the mid-90s. Mr. Labate is joining Midway from Behre Dolbear where he has been Managing Director in the management-consulting group. Prior to his consultancy, he was Senior Vice President and CFO of Golden Star Resources. While SVP and CFO of Golden Star, Mr. Labate established lines of credit, including revolving debt and reclamation bonding, implemented strong spending controls and analysis, and strengthened supply chain functions. Prior to his tenure with Golden Star, Mr. Labate was Vice President and CFO of Constellation Copper Corporation where he was responsible for all financial and administrative activities for the TSX-listed copper/zinc mining and development company. John holds a B.S. in Accounting from San Diego State University.

ON BEHALF OF THE BOARD

“Kenneth A. Brunk”
Kenneth A. Brunk, Chairman, President and CEO

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. For more information about Midway, please visit our website at www.midwaygold.com or contact Jaime Wells, Investor Relations Analyst, at (877) 475-3642 (toll-free).

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the

From: http://www.dailyfinance.com/2013/04/17/midway-gold-appoints-new-cfo/

Business, Finance, Occupation & Industry

Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company's C

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By Business Wirevia The Motley Fool

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Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company’s Chairman and CEO

NEW YORK–(BUSINESS WIRE)– The law firm of Wohl & Fruchter LLP has commenced an investigation into whether the directors of MOD-PAC Corp. (NAS: MPAC) (MOD-PAC) breached their fiduciary duties to shareholders by approving an agreement to sell the Company to its Chairman and CEO.

On April 11, 2013, MOD-PAC announced that the Company’s board of directors had approved an agreement for Kevin T. Keane, Chairman of the Company, and Daniel G. Keane, President and Chief Executive Officer of the Company, and their affiliates and associates (Buyer Group) to acquire the Company for $8.40/share in cash.

The members of the Buyer Group are the beneficial owners of approximately 18.7% of the Company’s outstanding Common Stock and approximately 51.9% of the Company’s outstanding Class B Common Stock, which together represent approximately 41.0% of the voting power of the Company’s stock.

Wohl & Fruchter’s investigation concerns the fairness of the process used to approve the transaction, and whether approval of the transaction was improperly motivated by conflicts of interest.

Additional information is available at http://www.wohlfruchter.com/cases/mpac.

Persons with relevant information, and MPAC shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658
Wohl & Fruchter LLP
570 Lexington Avenue
New York, NY 10022
www.wohlfruchter.com

This release may be deemed to constitute attorney advertising.

Wohl & Fruchter LLP
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658

KEYWORDS:   United States  North America  New York

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The article Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company’s Chairman and CEO originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/law-firm-of-wohl-fruchter-commences-investigation-/

Business, Finance, Occupation & Industry

Conn's, Inc. Announces Record Fourth-Quarter Fiscal 2013 Earnings

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By Business Wirevia The Motley Fool

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Conn’s, Inc. Announces Record Fourth-Quarter Fiscal 2013 Earnings

Adjusted diluted earnings per share of $0.54 for the quarter

Fiscal 2014 earnings guidance raised to $2.40 – $2.50 per diluted share

THE WOODLANDS, Texas–(BUSINESS WIRE)– Conn’s, Inc. (NAS: CONN) , a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, today announced its results for the quarter ended January 31, 2013.

Significant items for the fourth quarter of fiscal 2013 include:

  • Consolidated revenues grew 10.4% from the prior-year period to $250.3 million;
  • Same store sales increased 7.0% year-over-year, on top of same store sales growth of 12.1% last year;
  • Retail gross margin equaled 36.9% for the quarter;
  • Retail segment operating income was $19.8 million on an adjusted basis, over double the level reported in the prior-year period;
  • Adjusted credit segment operating income totaled $13.6 million, an increase of 12.2% from the prior-year quarter; and
  • Diluted earnings per share was $0.50 on a reported basis, versus $0.24 per share last year.

“Continued revenue and profitability improvement in our retail and credit operations generated record fourth-quarter and full-year results,” stated Theodore M. Wright, the Company’s Chairman and CEO. “Our five new Conn’s HomePlus stores are performing well and we plan to open 10 to 12 more over the balance of fiscal 2014. Average revenue for the new stores was 1.6 times the overall Company average for the three months ended March 31, 2013, with approximately 36% of those sales generated from furniture and mattresses. Same store sales for February and March rose 15% on a combined basis over last year despite a 3% decline in same store sales of consumer electronics.”

Retail Segment Results

Revenues were $208.7 million for the three-month period ended January 31, 2013, an increase of $18.4 million, or 9.7%, over the prior-year period. Furniture and mattress sales rose 54.2% from the same quarter last year, accounting for the majority of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

IFF to Present at the CAGE Conference

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By Business Wirevia The Motley Fool

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IFF to Present at the CAGE Conference

NEW YORK–(BUSINESS WIRE)– International Flavors & Fragrances Inc. (NYS: IFF) , a leading global creator of flavors and fragrances for consumer products, today announced that Doug Tough, the Company’s Chairman and Chief Executive Officer, and Kevin Berryman, the Company’s Executive Vice President and Chief Financial Officer, will present at the Consumer Analyst Group of Europe (CAGE) Conference in London on Tuesday, March 19, 2013 at 1:15 p.m. GMT (or 9:15 a.m. EDT).

A live webcast of the presentation will be available on the Investor Relations section of the Company’s website at www.iff.com. An audio replay of the webcast will be posted within 24 hours of the live event and available on the website for 180 days following the event.


About International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. (NYS: IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, sweet goods and food products. The Company leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 5,700 employees working in 32 countries worldwide. For more information, please visit our website at www.iff.com.

International Flavors & Fragrances Inc.
Investor Relations:
Shelley Young, 212-708-7271

KEYWORDS:   United Kingdom  United States  Europe  North America  New York

INDUSTRY KEYWORDS:

The article IFF to Present at the CAGE Conference originally appeared on Fool.com.

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Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Edgen Group Reports Fourth Quarter and Full Year 2012 Results and Provides 2013 Guidance

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Edgen Group Reports Fourth Quarter and Full Year 2012 Results and Provides 2013 Guidance

  • Record annual net sales of $2.1 billion for 2012, an increase of 23% from the prior year
  • Annual adjusted EBITDA of $144.9 million for 2012, an increase of 15% from the prior year
  • Q4 2012 net sales increased 10% and adjusted EBITDA increased 5% compared to Q4 2011
  • Q4 2012 adjusted net income of $11.0 million compared to $0.6 million in Q4 2011

BATON ROUGE, La.–(BUSINESS WIRE)– Edgen Group Inc. (the “Company” or “Edgen Group”) (NYS: EDG) a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy and industrial infrastructure markets, today reported its financial results for the three and twelve months ended December 31, 2012.

“With record net sales in 2012, we are very pleased with our year over year growth given the uncertain global economic conditions throughout 2012,” stated Dan O’Leary, the Company’s Chairman and Chief Executive Officer. “Despite the challenging environment, the Company was able to achieve record revenue levels while we focused on completing an IPO, refinancing our debt at more favorable terms and completing two acquisitions to expand our product offering, all of which continue to position the Company for future success.”

Years Ended December 31, 2012 and 2011

  • Net sales increased 23% to a record $2.1 billion from $1.7 billion in 2011.
    • Net sales from our Energy & Infrastructure (“E&I”) segment increased 24% to $1.1 billion compared to $911.6 million in 2011. Gross margins in 2012 and 2011 were 13.4% and 14.8%, respectively.
    • Net sales from our Oil Country Tubular Goods (“OCTG”) segment increased 22% to $929.6 million compared …read more
      Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

Kirkland's CEO Robert Alderson Announces Intent to Retire in February 2014

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By Business Wirevia The Motley Fool

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Kirkland’s CEO Robert Alderson Announces Intent to Retire in February 2014

NASHVILLE, Tenn.–(BUSINESS WIRE)– Kirkland’s, Inc. (NAS: KIRK) today announced that Robert Alderson, the Company’s long-time President and Chief Executive Officer, has advised the Board of Directors of his intention to retire from the Company at the end of fiscal 2013, or approximately February 1, 2014.

Mr. Alderson, 66, noted, “Over the past five years, we’ve restored Kirkland’s stability and significantly enhanced its profitability. We’ve also completed a huge amount of foundational work in systems, e-commerce, marketing, merchandising process, real estate and store operations. Over the course of the year, we will continue to work on substantially upgrading our merchandising talent and leadership. I have enjoyed the last 27 years at Kirkland’s, but now is the right time to begin recasting the leadership.”

Wilson Orr, the Company’s Chairman, noted, “Robert is an exemplary leader and has given much of himself to Kirkland’s over the past three decades. We obviously respect his desire to step back at the end of the year and will work with him on planning for the appropriate leadership for the next phase of our growth.”

Kirkland’s, Inc. was founded in 1966 and is a specialty retailer of home décor in the United States. Although originally focused in the Southeast, the Company has grown beyond that region and currently operates 317 stores in 35 states. The Company’s stores present a broad selection of distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent rugs, garden accessories and artificial floral products. The Company’s stores also offer an extensive assortment of gifts, as well as seasonal merchandise. More information can be found at www.kirklands.com.

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Kirkland’s actual results to differ materially from forecasted results. Those risks and uncertainties include, among other things, the competitive environment in the home décor industry in general and in Kirkland’s specific market areas, inflation, product availability and growth opportunities, seasonal fluctuations, and economic conditions in general. Those and other risks are more fully described in Kirkland’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K filed on April 12, 2012. Kirkland’s disclaims any obligation to update any such factors or to publicly announce results of any revisions …read more
Source: FULL ARTICLE at DailyFinance