Streetbeat News

Corporate Responsibility

QUOT

Quotient Technology Inc. plans to refresh its board in connection with a cooperation agreement with Engaged Capital. Five current directors will transition from their roles, and Kate W. Vanek and Tracey Figurelli will be nominated for election at the 2023 Annual Meeting of Stockholders. The board will be reduced to seven directors, six of whom will be independent.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:58 pm

ATVI

MSFT

SONY

Sony CEO Kenichiro Yoshida expressed caution about the technical challenges associated with cloud gaming, while the company explores various options for streaming games over the internet. This comes as rival Microsoft faces regulatory hurdles in its proposed acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

June 05, 2023 | 9:42 pm

COTY

Coty will present at the 2023 Deutsche Bank Global Consumer Conference on June 6, 2023, and plans to reiterate its confidence in its guidance previously shared on May 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:08 pm

MASI

Politan Capital Management, a 9% shareholder of Masimo, commented on the company's recent announcement to expand its Board and add Politan nominee Michelle Brennan, contingent on the reelection of all incumbent Masimo directors at the upcoming Annual Meeting of Stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:54 pm

MOTS

Motus GI has promoted Ravit Ram, its current Vice President of Global Operation and Finance, to the position of Chief Financial Officer (CFO), effective immediately. This follows the departure of Andrew Taylor, who stepped down as CFO on June 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:45 pm

FTTUSD

The Metropolitan Museum of Art in New York will refund $550,000 of donations received from now-defunct cryptocurrency exchange FTX. The repayment eliminates the need for additional litigation and is scheduled to be paid back within a month following the court's endorsement.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 8:34 pm

GOOG

GOOGL

SNAP

Eric Young, former Alphabet executive, has joined Snap Inc. as Senior Vice President of Engineering on June 5, 2023. Young previously served as Vice President of Engineering at Google.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:32 pm

DIS

Disney's Pixar Animation Studios has laid off 75 employees, including the director and producer of 'Lightyear', as part of a broader cost-cutting initiative led by Disney CEO Bob Iger. The plan aims to eliminate 7,000 jobs and reduce costs by $5.5 billion. The underperformance of 'Lightyear' at the box office may also be a factor in the layoffs.

Portfolio Pulse from Franca Quarneti

June 05, 2023 | 8:25 pm

USEG

U.S. Energy Corp. has appointed Mark Zajac as its new CFO, effective June 1, 2023. Zajac will succeed Mr. Smith, who has held the position since May 2017. Mr. Smith will continue as President, CEO, and a Director.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:16 pm

RIVN

TSLA

Mustapha El Akkari, former head of Tesla's non-battery supply chain, has joined electric truck rival Rivian as a senior director of structures and raw material.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:07 pm