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Corporate Responsibility

CONN

Conn's has appointed Norm Miller as President and CEO of the combined company following an all-stock deal. Shareholders holding over 40% of Conn's stock have agreed to approve the stock issuance related to the deal. Mitchell Stiles, President and COO of Badcock, will report to Miller. Conn's issued 1,000,000 non-voting senior preferred shares convertible into non-voting common stock, representing 49.99% of the company after conversion.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:24 pm

X

U.S. Steel has announced that the collective bargaining agreements with USW union members will remain unchanged following the transaction with Nippon Steel Corp. Employees will continue to receive their regular paychecks, profit sharing, and benefits as per the existing terms, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:45 pm

AMZN

Amazon's Twitch platform recently updated its content policies to allow certain forms of artistic nudity, including digital depictions like drawings and sculptures, if properly labeled. However, after facing backlash, Twitch CEO Dan Clancy announced a reversal of this policy change, now prohibiting all real and fictional nudity except in Mature-rated games. The reversal does not affect other policy changes related to exotic dancing, body painting, or content focused on clothed body parts.

Portfolio Pulse from Franca Quarneti

December 18, 2023 | 9:42 pm

FMC

FMC Corporation has started a global restructuring plan named 'Project Focus' in reaction to a significant downturn in the global crop protection market, which has led to severe channel destocking, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:38 pm

TRIB

Trinity Biotech has announced the immediate promotion of its CFO, John Gillard, to President and CEO. Aris Kekedjian has resigned from his role as CEO and from the Trinity Board of Directors effective December 17, 2023. Des Fitzgerald has been named as the Interim CFO.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:34 pm

MKL

Markel Group has appointed Brian Costanzo as its new CFO effective immediately, replacing Teri Gendron who will depart on December 31, 2023. Costanzo will also continue as CFO of the insurance business.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:32 pm

PRI

Primerica has promoted Tracy Tan to CFO, effective December 20, 2023, ahead of the previously announced date of no later than April 1, 2024. Tan succeeds Alison Rand, who will retire on April 1, 2024, but will remain to provide transition support. Nicholas Jendusa has been appointed as the principal accounting officer, also effective December 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:17 pm

TRAK

Park City Group has filed to change its corporate name to ReposiTrak, Inc., effective December 21, 2023. Its shares will still trade on the NYSE under the ticker symbol 'TRAK', and the CUSIP number for its common shares will remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:09 pm

MMSI

Merit Medical Systems has announced its ongoing CEO succession planning process. Fred Lampropoulos will remain as CEO and President until December 31, 2025. A special steering committee of independent directors, led by Ann Millner, Ed.D., has been appointed by the Merit Board of Directors to oversee the transition.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:08 pm

ADMA

ADMA Biologics, Inc. has refinanced its credit facilities with Ares Management, securing a new $135 million credit facility that replaces the existing $159 million facility with Hayfin Capital Management. This move reduces ADMA's total debt by 15% and is expected to support the company's rapid earnings growth. The new facility includes a $72.5 million asset-backed revolving credit facility and a $62.5 million term loan, both of which were fully drawn at closing to repay the previous obligations.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:07 pm