Day: September 1, 2015

1st Security Bank to Acquire Four Banking Locations on the Olympic Peninsula

MOUNTLAKE TERRACE, Wash., Sept. 01, 2015 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington (“1st Security Bank”), announced today that 1st Security  Bank has entered into an agreement with Bank of America to purchase four banking locations with approximately $268 million in deposits and less than $1 million in loans.  The four branch locations are in the communities of Port Angeles (8th Street), Sequim, Port Townsend and Hadlock, Washington. The purchase is subject to receiving regulatory approvals, and customary closing conditions. Under the agreement, 1st Security Bank will assume certain liabilities, including

BTD Acquires Impulse Manufacturing

DETROIT LAKES, Minn., Sept. 01, 2015 (GLOBE NEWSWIRE) — BTD Manufacturing, Inc. (a wholly owned subsidiary of Otter Tail Corporation), announced today it has acquired Impulse Manufacturing of Dawsonville, Georgia, for $30.5 million in cash.  “Impulse brings a tradition of great service to its customers and allows us to accelerate our plans to expand into the Southeast to serve our growing customer base,” said BTD’s president, Paul Gintner. “Bringing our two organizations together will put us in a strong position to serve our customers.” “Impulse’s customers and employees were our foremost concern as we pursued this new direction,” said Ron

HSN Celebrates 15 Years of JOY

ST. PETERSBURG, Fla., Sept. 1, 2015 (GLOBE NEWSWIRE) — Inventor & entrepreneur Joy Mangano is celebrating her 15th anniversary on HSN. Since her start at HSN, Joy has introduced a variety of innovative, award-winning products that simplify everyday challenges and improve the lives of her customers. Joy’s record-breaking product introductions include the original Miracle Mop®, Huggable Hangers®, My Little Steamer®, the Clothes It All® Luggage System, MemoryCloud Pillow, Forever Fragrant® and more. Recognized as one of the most successful inventors and entrepreneurs in the industry, Joy has amassed millions of loyal customers. “I’m thrilled to celebrate my 15th anniversary with

WSFS Named a Top Workplace for Tenth Year in a Row

WILMINGTON, Del., Sept. 01, 2015 (GLOBE NEWSWIRE) — WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, today announced it has been ranked on The News Journal’s 2015 Top Workplaces list for the tenth consecutive year. Sixty companies across the state of Delaware were recognized in the Top Workplaces survey which analyzes Delaware’s business community. This year WSFS was ranked fourth in the Large Company category and, for the tenth year in a row, was ranked in the Top 5. The Top Workplaces survey evaluates companies in the following categories: direction, execution, connection, my work, my manager, and my

Athens Bancshares Corporation’s Bank Subsidiary Completes Conversion to a National Bank

ATHENS, Tenn., Sept. 01, 2015 (GLOBE NEWSWIRE) — Athens Bancshares Corporation (Nasdaq:AFCB) (the “Company”) announced today that its wholly-owned bank subsidiary Athens Federal Community Bank (the “Bank”) has completed its previously announced conversion from a federal savings bank to a national bank, effective today. The Bank’s legal name is now “Athens Federal Community Bank, National Association”. The Bank will continue to operate as “Athens Federal Community Bank”. As a national bank, the Bank remains regulated by the Office of the Comptroller of the Currency and its deposit accounts remain insured by the Federal Deposit Insurance Corporation to the extent permitted

Top Business Bankruptcy Specialist Joins Morris Polich & Purdy LLP

LOS ANGELES, Sept. 01, 2015 (GLOBE NEWSWIRE) — Morris Polich & Purdy LLP (MPP) is pleased to announce that business bankruptcy attorneys Candace Carlyon and Matthew Carlyon have joined the firm’s Las Vegas office.  Candace Carlyon has been certified as a Business Bankruptcy Specialist by the American Board of Certification of Bankruptcy and Creditors’ Rights Attorneys since 1994. Ms. Carlyon currently serves as a part time Judge pro tempore for the Clark County Eighth Judicial District Court’s Short Trial Program.  Previously, she served as a Nevada Supreme Court Settlement Judge and as a mediator with the Nevada Foreclosure Mediation Program.

Daniels Corporate Advisory Company, Inc. Sets Policy Statement on the Redemption of Convertible Note Financing

NEW YORK, Sept. 1, 2015 (GLOBE NEWSWIRE) — The Senior Management of Daniels (OTCQB:DCAC) has been notified by Vis Vires Group of their intention to file a Form 13 G with the SEC stating that within 60 days, due to conversion rights contained in a Convertible Promissory Note dated April 15, 2015, it has the right to convert the note into shares of Daniels in an amount of up to 9.9% of the common stock of Daniels. Vis Vires Group does not own now nor has ever owned shares and it is the company’s intention to redeem the Convertible Note

LINN Energy and LinnCo Announce Monthly Distribution and Dividend

HOUSTON, Sept. 1, 2015 (GLOBE NEWSWIRE) — LINN Energy, LLC (NASDAQ:LINE) and LinnCo, LLC (NASDAQ:LNCO) announced today monthly distributions and dividends, respectively. LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable September 16, 2015, to unitholders of record as of the close of business on September 11, 2015. LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable

IFIC Foundation Research Highlights Changes in Consumers' Perceptions of Food Safety Risks

WASHINGTON, Sept. 1, 2015 (GLOBE NEWSWIRE) — The top food safety concern among Americans is no longer “foodborne illness,” having been overtaken by “chemicals in food,” according to the International Food Information Council (IFIC) Foundation’s 2015 Food and Health Survey. However, when it comes to risks to consumers, foodborne illnesses are far and away the greater health concern. With September being National Food Safety and Food Safety Education Month, it’s a great time to rethink our food safety priorities and our notions of risks. This year, 36 percent of Americans cited “chemicals in food,” such as pesticide residues, as the

Bob Evans Reports Fiscal 2016 First-Quarter Results, Raises Fiscal Year 2016 Guidance and Will Pursue $200 Million Sale-Leaseback of Restaurant Properties

Q1 2016 net sales total $321.7 million.  GAAP net income of $0.19 per diluted share.  Non-GAAP net Income(1) of $0.51 per diluted share   Company increases fiscal year 2016 non-GAAP diluted EPS guidance range to $1.85 to $2.00   Bob Evans Restaurants reports 21 percent increase in Q1 2016 non-GAAP operating income, compared to the corresponding period last year   BEF Foods reports 327 percent increase in Q1 2016 non-GAAP operating income, compared to the corresponding period last year  Board authorizes pursuit of a $200 million sale-leaseback transaction for a select portion of its restaurant properties   Company repurchased $60.6

Exa Reports Second Quarter Fiscal 2016 Financial Results

BURLINGTON, Mass., Sept. 1, 2015 (GLOBE NEWSWIRE) — Exa® Corporation (NASDAQ:EXA), a leading innovator of simulation software for product design and engineering, today announced financial results for the second quarter of fiscal 2016, which ended July 31, 2015. Revenue Summary   2Q16 (in millions) 2Q15 (in millions) Growth Rate Constant Currency Growth Rate Total Revenue $15.5 $14.8 4% 15% License Revenue $13.0 $12.3 5% 16% Project Revenue $2.5 $2.5 -2% 10% “In the second quarter we continued our trend of delivering healthy constant currency revenue growth. License revenue grew faster than the overall growth rate at 16% on a constant

Ambarella, Inc. Announces Second Quarter Fiscal 2016 Financial Results

SANTA CLARA, Calif., Sept. 1, 2015 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ:AMBA), a leading developer of low-power, HD video compression and image processing semiconductors, today announced financial results for its second fiscal quarter ended July 31, 2015. Revenue for the second quarter of fiscal 2016 was $84.2 million, up 79.3% from $47.0 million in the same period in fiscal 2015. For the six months ended July 31, 2015, revenue was $155.2 million, up 76.6% from $87.9 million for the six months ended July 31, 2014. Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal

Monroe Capital Corporation Announces Third Quarter Dividend of $0.35 Per Share

CHICAGO, Sept. 1, 2015 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ:MRCC) announced today that its Board of Directors has declared a dividend of $0.35 per share for the third quarter of 2015, payable on September 30, 2015 to stockholders of record as of September 15, 2015. The Company has adopted a dividend reinvestment plan that provides for reinvestment of dividends on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the Company declares a cash dividend, stockholders who have not opted out of the dividend reinvestment plan

Zosano Pharma Completes Enrollment in Phase 1 Study for Microneedle Patch Delivery of Zolmitriptan for the Treatment of Migraine

FREMONT, Calif., Sept. 1, 2015 (GLOBE NEWSWIRE) — Zosano Pharma Corporation (NASDAQ: ZSAN), a clinical-stage specialty pharmaceutical company that has developed a proprietary transdermal microneedle patch system to deliver therapeutics conveniently through the skin for the treatment of a variety of indications, announced today that it has completed enrollment in a Phase 1 clinical study for a novel method for delivering treatments for migraine headaches. The crossover study among 20 healthy volunteers will test the tolerability and pharmacokinetics of up to five doses of ZP-Triptan compared to subcutaneous injection of sumatriptan and oral administration of zolmitriptan. ZP-Triptan is a zolmitriptan-coated

Guy E. Dubois Named to ANSYS Board of Directors

PITTSBURGH, Sept. 1, 2015 (GLOBE NEWSWIRE) — ANSYS, Inc. (NASDAQ:ANSS) today announced that Guy E. Dubois has accepted an appointment to the ANSYS Board of Directors effective September 1, 2015. Mr. Dubois has spent more than three decades developing and leading large, multinational software, technology and services companies globally. Mr. Dubois is the former Chief Executive Officer of Temenos Systems, a banking software systems provider based in Geneva and listed in Switzerland, the former President and Chief Executive Officer of MACH Group, a leading provider of cloud-based managed communication services worldwide, the former President and CEO of Cramer Systems, a

Guggenheim Investments Announces September 2015 Closed-End Fund Distributions

NEW YORK, Sept. 1, 2015 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record Date September 15, 2015 Ex-Dividend Date September 11, 2015 Payable Date September 30, 2015   Distribution Schedule NYSE Ticker Closed-End Fund Name Distribution Per Share Change from Previous Distribution Frequency AGC Advent Claymore Convertible Securities and Income Fund II $0.047   Monthly AVK Advent Claymore Convertible Securities and Income Fund $0.0939   Monthly GBAB

School Specialty Announces Financial Results for Its Short Year 2015 First Quarter

GREENVILLE, Wis., Sept. 1, 2015 (GLOBE NEWSWIRE) — School Specialty, Inc. (OTCQB:SCOO) (“School Specialty”, “SSI” or “the Company”), a leading distributor of supplies, furniture and both curriculum and supplemental learning resources to the education marketplace, today announced its financial results for the quarter ended July 25, 2015. The Company will be hosting a teleconference and webcast tomorrow, September 2, 2015 at 10:00 a.m. ET to discuss its results of operations and outlook. School Specialty previously announced a change in its fiscal year end from the last Saturday in April to the last Saturday in December. As a result, the Company

Integra LifeSciences Announces Expansion of Credit Facility to $1.1 Billion

PLAINSBORO, N.J., Sept. 1, 2015 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (NASDAQ:IART) today announced that it has increased its credit facility with its bank group led by Bank of America, N.A. “We are pleased to improve our overall capital structure by expanding the size of our existing credit facility while maintaining favorable credit terms,” said Glenn Coleman, Integra LifeSciences’ Chief Financial Officer. “With this expansion and our recent equity raise, we have the flexibility to pursue strategic acquisitions and invest organically to support our growth initiatives, and still meet our future financial obligations.” The expanded credit facility includes the

FTI Consulting, Inc. Announces Notice of Redemption for Any and All of Its 6 3/4% Senior Notes Due 2020

WASHINGTON, Sept. 1, 2015 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) (the “Company”), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has issued a notice of redemption for the $207,103,000 aggregate principal amount of its 6 3/4% Senior Notes due 2020 (the “Notes”) that remained outstanding after the consummation of the Company’s previously announced cash tender offer to purchase any and all of the Notes. The redemption date will be October 1, 2015, and the redemption price will be 103.375% of the principal amount plus accrued and unpaid interest

Motorsports Organizers and Sponsors Got Greater ROI This Year, According to a New Foresight Research Report

ROCHESTER, Mich., Sept. 01, 2015 (GLOBE NEWSWIRE) — Motorsports attendance and racing viewership among new car buyers rebounded during the most recent sales year, ending a downward trend on both measures over the past several years, according to the 2015 Motorsports Immersion Report™ from Foresight Research.  Compared to the prior year, race attendance among new vehicle buyers almost doubled to 9%, while TV race viewing jumped from 14% to 18%. Chris Stommel, President at Foresight, says younger buyers returning to market is a major contributor to this reversal.  “Millennials are now buying new vehicles, and they attend motorsports races at