Tag: Employment

FTI Consulting Wins Mega Company Turnaround of the Year Award from Turnaround Management Association

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its Corporate Finance & Restructuring segment received the Turnaround Management Association’s Mega Company Turnaround of the Year Award for its role in the Chapter 11 reorganization of automotive supplier Chassix Holdings, Inc.  Chassix produces and sells aluminum and iron castings and machining solutions to the automobile manufacturers, generating more than $1.4 billion in annual revenue. In late 2014, the company faced an over-leveraged balance sheet and a liquidity shortage compounded by

Delta Apparel Completes Sale of Maiden, North Carolina Textile Facility

GREENVILLE, S.C., Sept. 13, 2016 (GLOBE NEWSWIRE) — Delta Apparel, Inc. (NYSE MKT:DLA) today reported that it has completed the sale of its Maiden, North Carolina textile facility and certain assets used in those operations.  The closure of this facility in July 2016 was part of the Company’s previously announced manufacturing realignment aimed at maximizing production at its lower cost facilities, eliminating duplicative fixed costs, and leveraging the latest dyeing and finishing technology available.   The realignment is expected to significantly lower production costs, improve gross margins and ultimately boost operating earnings by an estimated $8 million annually, or approximately $0.70

Zynerba Pharmaceuticals Reports Inducement Grant to New Chief Financial Officer

DEVON, Pa., Sept. 13, 2016 (GLOBE NEWSWIRE) — Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), a clinical-stage specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid treatments, today announced that the Company’s Board of Directors granted James Fickenscher, the Company’s newly appointed Chief Financial Officer and Vice President, Corporate Development, an option to purchase 150,000 shares of the Company’s common stock as an inducement material to his acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).  The option will have an exercise price equal to the closing price of Zynerba Pharmaceuticals’ common stock on September 13,

Golden Gate University School of Law Celebrates Permanent Overtime Rights for California Domestic Workers

SAN FRANCISCO, Sept. 13, 2016 (GLOBE NEWSWIRE) — Governor Edmund G. Brown, Jr. yesterday signed SB 1015, a bill making overtime rights permanent for more than 300,000 nannies and caregivers for seniors and people with disabilities. Golden Gate University School of Law’s Women’s Employment Rights Clinic (WERC) has served as legal counsel to the California Domestic Workers Coalition since 2010 in the Coalition’s effort to extend basic wage and hour protections to domestic workers.  In 2013, Governor Brown signed AB 241, sponsored by the Coalition, extending for the first time overtime rights to domestic workers; the bill was set to

Arcadis Finds New York City Earns Most Sustainable US City

HIGHLANDS RANCH, Colo., Sept. 12, 2016 (GLOBE NEWSWIRE) — New York City leads the United States for sustainability, according to the Sustainable Cities Index from Arcadis, the leading global design and consultancy for natural and built assets. From 22 North American cities measured, New York City ranks ahead of Boston (5th), San Francisco (6th) and Seattle (7th) while rounding out the bottom rankings are Indianapolis, Tampa and Detroit. Canadian cities ranked ahead of most U.S. cities, with Vancouver taking the highest spot and Toronto and Montreal ranking in the top five. With cities home to more than half the world’s

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Breaking News: Intuitive Surgical Inc. (Nasdaq:ISRG)

Intuitive Surgical Reports New Employee Option Grants for September 2016 SUNNYVALE, Calif., Sept. 09, 2016 (GLOBE NEWSWIRE) — Intuitive Surgical, Inc. (Nasdaq:ISRG) today reported that equity awards approved by the Compensation Committee of the Board of Directors, which consists entirely of Independent Directors, were made to 86 new employees. Pursuant to NASDAQ Marketplace Rule 5635(c)(4), the equity awards were granted under the Intuitive Surgical, Inc. 2009 Commencement Incentive Plan, which the Board of Directors of Intuitive Surgical, Inc. adopted for the granting of equity awards to new employees. In accordance with NASDAQ rules, these grants were made under an equity

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Breaking News: Zosano Pharma Corporation (NASDAQ:ZSAN)

Zosano Announces Inducement Grant for Georgia Erbez, Chief Business Officer FREMONT, Calif., Sept. 09, 2016 (GLOBE NEWSWIRE) — Zosano Pharma Corporation (NASDAQ:ZSAN), an emerging CNS company focusing on providing rapid symptom relief to patients using the Company’s proprietary transdermal delivery system, today announced that it has approved an inducement grant of options to purchase 252,000 shares of the Company’s common stock with an exercise price of $0.77 per share, the closing price on September 7, 2016, to Georgia Erbez, the Company’s recently hired Chief Business Officer. The stock options have a ten year term and vest over four years, with

Adamas Announces New Employment Inducement Grant

EMERYVILLE, Calif., Sept. 09, 2016 (GLOBE NEWSWIRE) — Adamas Pharmaceuticals, Inc. (Nasdaq:ADMS) today announced that its new Vice President of Corporate Communications and Investor Relations, Martin Forrest, received a grant of an option to purchase 31,875 shares of the company’s common stock, at a per share exercise price of $16.13, the closing trading price on September 8, 2016, and 5,313 restricted stock units, pursuant to the terms of his employment agreement with Adamas.  The stock options and restricted stock units vest over four years and were granted pursuant to the Adamas Pharmaceuticals, Inc. 2016 Inducement Plan, which was approved by

Hovnanian Enterprises Reports Fiscal 2016 Third Quarter Results

Reports Pretax Profit for Third Quarter Closed Financing Transactions with New Issuances of $150 Million RED BANK, N.J., Sept. 09, 2016 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2016. RESULTS FOR THE THREE MONTH AND NINE MONTH PERIODS ENDED JULY 31, 2016: Total revenues were $716.9 million in the third quarter of fiscal 2016, an increase of 32.6% compared with $540.6 million in the third quarter of fiscal 2015. For the nine months ended July 31, 2016, total revenues increased 33.8% to $1.95 billion

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A-Mark Precious Metals Enters Into New Employment Agreement with Thor Gjerdrum

SANTA MONICA, Calif., Sept. 08, 2016 (GLOBE NEWSWIRE) — A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has entered into a new three-year employment agreement with Thor Gjerdrum. As part of the agreement, Gjerdrum was promoted to the position of president, succeeding David Madge who was appointed to the new position of chief marketing officer. Gjerdrum has served as A-Mark’s EVP and COO since 2013, and as CFO from 2010 to 2013. Previously, Gjerdrum held a range of positions with two publicly traded telecommunications companies, including vice

Self Service Technology Market worth USD 37.75 Billion by 2021 – Zion Market Research

Sarasota, FL, Sept. 08, 2016 (GLOBE NEWSWIRE) — Zion Research has published a new report titled “Self Service Technology Market for ATM, Kiosk Machine and Vending Machine: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, the global self service technology market accounted for USD 15.70 Billion in 2015 and is expected to reach USD 37.75 Billion by 2021, growing at a CAGR of around 15.8% between 2016 and 2021.  Advances in technologies have allowed service providers to incorporate different technologies into the delivery of their services. Increasing awareness for active safety systems and enhanced security

K. Hovnanian Enterprises, Inc. Announces Expiration of Tender Offer and Related Consent Solicitation and Intended Redemption of Notes

RED BANK, N.J., Sept. 07, 2016 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE:HOV) (the “Company”) announced today that its wholly-owned subsidiary’s, K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of its 8.625% Senior Notes due 2017 (the “Notes”) and related solicitation of consents (the “Consent Solicitation” and together with the “Tender Offer”, the “Tender Offer and Consent Solicitation”) expired today at 8:30 a.m., New York City time. Notes tendered in the Tender Offer were less than 90% of the aggregate outstanding principal amount of Notes on July 29,

Freshpet, Inc. Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

SECAUCUS, N.J., Sept. 07, 2016 (GLOBE NEWSWIRE) — Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that on September 6, 2016, the Compensation Committee of its Board of Directors (the “Board”) approved an equity award as an inducement material to William Cyr’s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). In connection with his appointment to Chief Executive Officer, as previously announced on July 27, 2016, Mr. Cyr was granted options to purchase 1,000,000 shares of the Company’s common stock, with an exercise price of $10.23 per share, which is equal to the closing

Aviragen Therapeutics Announces Inducement Grant for New Employees

ATLANTA, Sept. 06, 2016 (GLOBE NEWSWIRE) — Aviragen Therapeutics, Inc. (NASDAQ:AVIR) (formerly Biota Pharmaceuticals, Inc.), a pharmaceutical company that is developing the next generation of antivirals, announced today that the Company has granted two new hires options to purchase an aggregate of 125,000 shares of the Company’s common stock with a per share exercise price of $1.33, the closing price on August 31, 2016. The stock options have a ten-year term and vests over a period of four years, with one-fourth vesting on the first anniversary of the grant date and one-fourth vesting on each of the three succeeding anniversaries.

Giving Back is Always in Style During Bon-Ton Stores Goodwill® Sale Event

Help us collect 2.5 million pounds of merchandise donations Bon-Ton will randomly reward one lucky donor in every store with a $100 gift card MILWAUKEE, Sept. 06, 2016 (GLOBE NEWSWIRE) — The Bon-Ton Stores, Inc. (NASDAQ:BONT), which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, kicks off the largest, longest-running Goodwill® donation drive on Wednesday, September 14.  In its 22nd year, the program remains a signature community event and customer favorite.  Savvy shoppers know September is the best time to transition their wardrobes for the fall season and during Bon-Ton’s Goodwill Sale, they will find all the

Meta Financial Group Inc.® Announces Cindy Smith to be Appointed to Additional Position of Chief Operating Officer

SIOUX FALLS, S.D., Sept. 06, 2016 (GLOBE NEWSWIRE) — Meta Financial Group, Inc.® (NASDAQ:CASH) and MetaBank (“Meta”) announced today that Cynthia M. “Cindy” Smith will be appointed Executive Vice President (“EVP”) and Chief Operating Officer effective September 9th. Ms. Smith who is currently EVP and Head of Technology and Operations at Meta will continue to be responsible for operations, product development, and technology and information management across Meta in this new role. “Cindy has been instrumental in Meta’s recent growth and we are fortunate to have her on our leadership team,” said J. Tyler Haahr, Chairman and CEO. Prior to

Hudson Global Announces Block Trade with Sagard Capital Partners

NEW YORK, Sept. 06, 2016 (GLOBE NEWSWIRE) — Hudson Global, Inc. (Nasdaq:HSON), a leading global talent solutions company, today announced that on September 5, 2016 it agreed to purchase 1.1 million shares of Hudson stock from Sagard Capital Partners, L.P. This share repurchase reduces Hudson’s shares outstanding by approximately 3%.  The company paid $1.80 per share, equal to the company’s volume weighted average price over the prior 20 day period. In addition, Sagard has agreed to not sell Hudson shares for the next 60 days without the company’s prior written approval. The company’s board of directors authorized the block trade

Coca-Cola Bottling Co. Consolidated Signs Definitive Agreements To Expand Distribution Territory and Purchase Manufacturing Facilities

Distribution territory expansion includes new markets in Ohio, Indiana, Illinois, Kentucky and West Virginia Purchase of manufacturing facilities in Ohio and Indiana CHARLOTTE, N.C., Sept. 01, 2016 (GLOBE NEWSWIRE) — Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) today announced it has signed definitive agreements with an affiliate of The Coca-Cola Company to expand the bottler’s distribution territory to include territories located within parts of Ohio, Indiana, Illinois, Kentucky and West Virginia and to purchase manufacturing facilities in Ohio and Indiana. The definitive agreement to expand distribution territory (“Distribution Definitive Agreement”) includes the second phase of the proposed territory expansion described in the

Vera Bradley Announces Fiscal Second Quarter 2017 Results

Second quarter net revenues totaled $119.2 million Gross profit rate expansion of 230 basis points Second quarter net income of $5.1 million, or $0.14 per share Company ended quarter with strong cash position and short-term investments of $85.5 million, no debt, and year-over-year inventories down 7.1% Management narrows EPS guidance range for the fiscal year FORT WAYNE, Ind., Sept. 01, 2016 (GLOBE NEWSWIRE) — Vera Bradley, Inc. (Nasdaq:VRA) (“Vera Bradley” or the “Company”) today announced its financial results for the fiscal second quarter and six months ended July 30, 2016. Summary of Financial Performance for the Second Quarter Net revenues

Coherus BioSciences Announces New Employment Inducement Grants

REDWOOD CITY, Calif., Aug. 31, 2016 (GLOBE NEWSWIRE) — Coherus BioSciences, Inc. (Nasdaq:CHRS), today announced that effective August 31, 2016, the compensation committee of the company’s board of directors granted 6 new employees options to purchase an aggregate of 80,000 shares of the company’s common stock with a per share exercise price of $29.77, the closing trading price on the grant date.  The stock options were granted pursuant to the Coherus BioSciences, Inc. 2016 Employment Commencement Incentive Plan, which was approved by the company’s board of directors in June 2016 under Rule 5635(c)(4) of the Nasdaq Global Select Market for