Streetbeat News

Corporate Responsibility

ANDE

Pat Bowe, the current President and CEO of The Andersons, Inc. (NASDAQ:ANDE), has been elected as the new chairman of the board, succeeding Michael J. Anderson who is retiring. Anderson has been with the company since 1999, serving as chairman since 2009. Bowe, who joined The Andersons in 2015, is recognized for his over 40 years of leadership and strategic insight, promising continued growth and success for the company.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:51 pm

SVV

Savers Value Village has announced the appointment of Michael Maher as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:30 pm

PACB

PacBio announced plans to significantly reduce its non-GAAP annualized expense run rate by more than $75 million by the end of 2024, surpassing its initial guidance which projected a 5% growth in operating expenses for the same period. The company has initiated activities aimed at reducing its annualized run-rate operating expenses, expecting to exceed the previously provided reduction range of $50 million to $75 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:26 pm

GRPN

Groupon has officially appointed Dusan Senkypl as its permanent CEO. This decision comes after a period of leadership evaluation, signaling a new phase for the company under Senkypl's direction.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:19 pm

GEN

Gen Digital announced Ondřej Vlček is stepping down as president after successfully integrating the company post the Avast and NortonLifeLock merger in 2022. He remains on the Gen Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:17 pm

COLL

Collegium Pharmaceutical announced that Joe Ciaffoni will resign as President and CEO, effective May 24, 2024. Michael Heffernan, the Board Chairman, will serve as interim President and CEO following Ciaffoni's departure.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:03 pm

MASI

Politan Capital Management has proposed the immediate addition of Darlene Solomon and Bill Jellison to the board of Masimo Corporation. This move is aimed at enhancing the company's governance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:56 pm

MASI

Politan Capital Management has rejected Masimo's proposal to withdraw its nominations in exchange for one nominee on Masimo's board. Politan argues this does not address the core governance issues at Masimo and insists on a majority of truly independent directors. However, Politan will not oppose the re-election of Joe Kiani to the board.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:55 pm

COIN

ETHUSD

Joseph Lubin, co-founder of Ethereum and CEO of Consensys, criticized the SEC for stifling innovation in the U.S. financial sector by reclassifying Ethereum as a security and initiating enforcement actions. This comes as Consensys received a Wells notice from the SEC, leading to legal action against the regulator. Lubin suggests these actions aim to justify the likely denial of Ether spot ETFs and could drive crypto businesses overseas, impacting the broader technology landscape and questioning the SEC's stance on digital assets.

Portfolio Pulse from Murtuza Merchant

May 09, 2024 | 6:51 pm

EVGO

Cantor Fitzgerald analyst Andres Sheppard upgraded EVgo Inc (NASDAQ:EVGO) from Neutral to Overweight, adjusting the price target from $5 to $4, following a strong Q1 FY24 performance. EVGO reported a 118.2% year-on-year sales increase to $55.16 million, surpassing estimates, with an EPS of $(0.09) beating expectations. The company announced CFO Olga Shevorenkova's departure, a significant increase in charger utilization and network throughput, and an increase in Plugshare-registered users to over 5 million. Management reaffirmed its FY24 revenue guidance and the goal to achieve breakeven Adj. EBITDA by 2025. EVGO's stock has risen 9.7% to $1.92, reflecting optimism from these developments.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 6:41 pm