Streetbeat News

Corporate Responsibility

TWLO

Twilio (TWLO) is set to lose its supervoting protection next month, and the company has been meeting with activist investors. This could lead to potential changes in the company's governance and strategy.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 9:08 pm

MNMD

FCM MM Holdings, owning 3.5% of Mind Medicine (MindMed) Inc. (NASDAQ:MNMD), pledges to lock up its shares until June 2025 and calls for a change in MindMed's board of directors. FCM's director candidates commit to not selling their shares until June 15, 2025, if elected.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:32 pm

NKE

Nike has announced the appointment of Jared Carver as the new CEO of its subsidiary, Converse. Carver, a Nike veteran, will be responsible for driving growth and innovation at Converse.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:24 pm

TPIC

TPI Composites has adjourned its Annual Meeting until June 22, 2023, allowing stockholders more time to consider proposals and the company to solicit a greater percentage of stockholder votes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:12 pm

PINS

Pinterest has appointed Julia Brau as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:07 pm

ASML

ASML has successfully placed a bond offering for €1B, with the transaction expected to be settled on June 6, 2023. The senior notes are due in December 2025 and have an issue price of 99.989% and a coupon of 3.500%. The net proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:06 pm

CANO

Concerned shareholders of Cano Health, holding a 35% equity stake, have issued a presentation urging for changes in leadership and strategy due to massive value destruction. They are soliciting WITHHOLD votes against Dr. Alan Muney and Kim Rivera, who are up for re-election at the 2023 Annual Meeting on June 15.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:05 pm

FRBK

Republic First Bancorp has announced the election of Andrew Cohen as Independent Chairman of the Board, effective June 1. Cohen brings extensive experience in the financial industry to the role.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:04 pm

INSW

International Seaways (INSW) responds to Seatankers Group's public letter, reiterating its commitment to delivering shareholder value and providing context regarding engagement with Seatankers. INSW recommends shareholders vote 'FOR' all proposals at the upcoming Annual Meeting.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:41 pm