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Corporate Responsibility

HNI

HNI plans to close its Hickory, North Carolina, manufacturing plant during the first half of 2025, consolidating production into other North American facilities. The consolidation is expected to save approximately $11 million annually by 2026, with savings of $8 to $9 million in 2025. Pre-tax earnings will be impacted by an estimated $10.3 million in 2024 and 2025, including $1.5 million of non-cash charges.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:31 pm

ALG

Alamo Group announced that the strike by unionized workers at its subsidiary, Gradall Industries, has ended. The workers and the company have agreed on a new five-year labor agreement.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:26 pm

LAKE

Lakeland Industries has appointed James M. Jenkins as the new President and CEO, effective June 1, 2024. Jenkins will also continue as Executive Chairman, with Tom Mcateer serving as Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:12 pm

MTUS

PRU

Metallus has entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America in connection with the termination of TimkenSteel Corporation's retirement plan. This move settles approximately $121 million in pension obligations.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:12 pm

TALK

Talkspace has appointed Ian Harris as its new Chief Financial Officer, succeeding Jennifer Fulk.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:06 pm

NB

A study suggests that mine electrification and replacing vertical shafts with a Railveyor system could significantly reduce initial CAPEX and OPEX for NioCorp's Elk Creek Critical Minerals Project. This approach could also cut the time to full commercial production by up to 5 months and reduce the mine's carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:03 pm

NRIX

Nurix Therapeutics announced that David Lacey has stepped down from his role as Chair but will remain a board member and retain his committee leadership roles. Julia Gregory, a current board member, has been elected as the new Board Chair.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:01 pm

TNL

Travel + Leisure Co has entered into amended and restated employment agreements with its President & CEO, Michael Brown, and CFO, Michael Hug, as per an SEC filing on May 17.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 7:55 pm

PEGY

Pineapple Energy Inc (NASDAQ:PEGY) shares surged by 47% to $0.16 following the resignation of CEO Kyle Udseth. Scott Maskin, a board member and founder of SUNation Energy, will serve as Interim CEO. The company aims to restore shareholder value under new leadership.

Portfolio Pulse from Henry Khederian

May 20, 2024 | 7:01 pm

TSLA

SOC Investment Group has urged Tesla shareholders to vote against the reelection of directors Kimbal Musk and James Murdoch, and to vote against the ratification of CEO Elon Musk's 2018 option award at the upcoming AGM on June 13th.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:38 pm