1. Articles in category: BoardNews

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    1. Symantec: Says Investigating Reporting of Certain Accounting Measures

      Symantec: Says Investigating Reporting of Certain Accounting Measures

      (Reuters) - Symantec Corp said on Monday it is investigating company's reporting of certain non-GAAP measures including those that could impact executive compensation programs, stock trading plans, following concerns raised by a former employee. The Norton anti-virus maker said the investigation will also include company's public disclosures including commentary on historical financial results...

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    2. ISS Joins Fellow Proxy Advisory Firm Glass Lewis in Recommending Destination Maternity Stockholders

      ISS Joins Fellow Proxy Advisory Firm Glass Lewis in Recommending Destination Maternity Stockholders

      PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today issued the following statement in response to a May 10, 2018 report from Institutional Stockholder Services ("ISS") relating to the election of directors to Destination's Board of Directors at the Company's May 23rd, 2018 Annual Meeting of Stockholders...

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    3. Mondelez To Acquire Tate's Bake Shop For Premium Cookies

      Mondelez To Acquire Tate's Bake Shop For Premium Cookies

      Quick Take Mondelez International ( MDLZ ) has announced an agreement to acquire Tate’s Bake Shop for approximately $500 million. Tate’s has developed proprietary ‘thin-and-crispy’ cookies and other baked goods. MDLZ is acquiring Tate’s to launch a premium cookie segment and views Tate’s as having a ‘strong founder story’ while it has ‘cultivated a devoted consumer following across the country.’ Management will need to increase its pace to refresh its aging portfolio of brands if it wants to regain market share and mindshare. Target Company Long Island, New York-based Tate’s was founded in 2000 by Kathleen King ...

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    4. Angry Shareholders Rail Against Under Armour for Being Uncool

      Angry Shareholders Rail Against Under Armour for Being Uncool
      • Under Armour hosted its annual shareholders' conference on Wednesday.
      • The company's executive team was questioned by the audience on topics related to its work on improving its reputation with younger consumers and women.
      • "How are you actually trying to design and make things that your customers want?" one shareholder asked.

      Under Armour's executive team was peppered with hard question from shareholders on Wednesday...

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    5. Gullane Capital Partners Announces Support for Activist Position of Destination Maternity

      Gullane Capital Partners Announces Support for Activist Position of Destination Maternity

      Hedge fund owning 3%+ of outstanding shares supports slated new board members Gullane Capital Partners , a Memphis-based hedge fund that holds 3%+ ownership in Destination Maternity Corporation (Nasdaq: DEST), today announced its support of the GOLD proxy card issued by activist shareholders Nathan Miller and Peter O’ Malley calling on stockholders to vote in favor of four director nominees at the Company’s 2018 annual meeting, taking place on May 23, 2018...

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    6. Bloomberg Pay Index: Highest-Paid Executives for 2017

      Bloomberg Pay Index: Highest-Paid Executives for 2017

      With a half-billion-dollar pay package for 2017, Evan Spiegel claims the crown of an elite group of corporate leaders. Spiegel, 27, got the $504.5 million package when Snap Inc., the firm he co-founded in college, went public last year, making him the highest-paid executive of a publicly traded U.S. company, according to the Bloomberg Pay Index...

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    7. Another Facebook Investor Turned up the Heat on Mark Zuckerberg for Running the Company Like a 'Dictatorship'

      Another Facebook Investor Turned up the Heat on Mark Zuckerberg for Running the Company Like a 'Dictatorship'

      Reuters

      • Another Facebook shareholder has called on the company to overhaul its governance after the Cambridge Analytica data scandal.
      • The California State Teachers' Retirement System said Facebook's dual-class share structure means the firm operates like a "dictatorship."
      • Other shareholders have called on CEO Mark Zuckerberg to resign as chairman because he has too much control over the company...
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      Mentions: Investment CEO IPO
    8. AIG Shareholders Approve $43 Million Compensation for CEO Duperreault

      AIG Shareholders Approve $43 Million Compensation for CEO Duperreault

      American International Group Inc said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. A nonbinding resolution to endorse the executive compensation passed with 441,882,782 shares in favor and 267,108,670 shares against, the company said...

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    9. China's Sinovac Biotech Halts Hep A Vaccine Production Amid Boardroom Drama Over Company

      China's Sinovac Biotech Halts Hep A Vaccine Production Amid Boardroom Drama Over Company

      Beijing-based Sinovac Biotech, whose CEO is locked in a battle for control of the company, has suspended production of its hepatitis A vaccine and destroyed supplies on hand. A yearlong internal power struggle for control of Chinese vaccine maker Sinovac Biotech has spilled from the boardroom to the production floor, forcing the company to suspend manufacturing of its hepatitis A vaccine...

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      Mentions: CEO Nasdaq Sinovac
    10. Owens Realty Mortgage, Inc. Acknowledges Receipt of Director Nominations from Eric Hovde and Financial Institution Partners Iii, Lp

      Owens Realty Mortgage, Inc. Acknowledges Receipt of Director Nominations from Eric Hovde and Financial Institution Partners Iii, Lp

      WALNUT CREEK, Calif., May 9, 2018 /PRNewswire/ -- Owens Realty Mortgage, Inc. (NYSE American: ORM) (the "Company") today acknowledged receipt of a notice of director nominations from Eric Hovde, Financial Institution Partners III, LP, and certain of their affiliates (collectively, the "Hovde Group") that they plan to nominate Steven Hovde and James Hua to stand for election to the Company's Board of Directors (the "Board") at the Company's 2018 Annual Meeting of Stockholders...

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