Streetbeat News

Corporate Responsibility

NOVA

Sunnova Energy International Inc. (NOVA) announced the appointment of Paul Mathews as Executive Vice President, Chief Operating Officer, effective immediately. Mathews, who joined Sunnova in January 2023, has significantly improved customer service and operational efficiencies, leading to a substantial reduction in service backlog and customer complaints. His prior experience includes nearly two decades at UPS in various leadership roles. As COO, Mathews will lead multiple teams focusing on enhancing service delivery, operational leverage, and efficiencies.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:40 pm

DOC

PEAK

Healthpeak Properties, Inc. (PEAK) and Healthpeak OP, LLC have successfully completed a consent solicitation and offers to guarantee for Physicians Realty L.P.'s senior notes, a key step in their merger with Physicians Realty Trust (DOC). This process received the required consents to amend the indentures governing the DOC Notes, facilitating the merger.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:35 pm

GOOG

META

Legal cannabis shop owners in New York are urging Gov. Kathy Hochul to investigate and potentially take legal action against social media and tech companies like Google (NASDAQ:GOOG) and Meta (NASDAQ:META) for allegedly enabling unlicensed cannabis shops to advertise their businesses. This comes amid concerns that these companies are complicit in allowing illicit cannabis operations to thrive, undermining New York's legal cannabis market and regulations.

Portfolio Pulse from Jelena Martinovic

February 26, 2024 | 9:34 pm

LAAC

Lithium Americas (Argentina) Corp. (NYSE:LAAC) announced the appointment of Sam Pigott as the new President and CEO, effective March 18, 2024. Pigott, succeeding John Kanellitsas, brings extensive experience from his roles in Ganfeng Lithium and as Chairman of the Shareholder Committee at Minera Exar. His appointment is seen as a strategic move to lead Lithium Argentina through its next phase of growth, particularly with the Caucharí-Olaroz project.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:29 pm

NVST

Envista Holdings has initiated a process to find a successor for CEO Amir Aghdaei, expected to conclude this year. Aghdaei will continue as President and CEO until a new leader is appointed.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:25 pm

EAT

Brinker International announced the retirement of CFO Joe Taylor at the end of Fiscal 2024. Mika Ware will succeed him as CFO from June 27, 2024. Additionally, Chris Caldwell has been appointed as SVP and Chief Information Officer, effective Feb. 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:22 pm

DLTR

Dollar Tree, Inc. (DLTR) and its subsidiary Family Dollar have resolved a DOJ investigation into operations at Family Dollar's Arkansas distribution center, agreeing to a plea deal involving a $200,000 fine and a $41,475,000 forfeiture. The investigation, initiated by a March 2022 subpoena, focused on adulterated FDA-regulated products. Dollar Tree has since enhanced safety, compliance, and operational procedures, including hiring new compliance roles, implementing risk-based controls, and achieving Good Distribution Practices certification across its distribution centers. A new, safety-focused distribution center in West Memphis is planned for fall 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:14 pm

BA

The FAA released a report criticizing Boeing's safety culture, highlighting a disconnect in understanding and commitment to safety across the company's hierarchy. This follows a recent incident involving an Alaska Airlines flight and ongoing scrutiny after two fatal 737 Max crashes. The report, which includes 27 findings and 53 recommendations, mandates Boeing to create a detailed action plan to address these issues within six months. Boeing's stock showed minimal movement following the report's release.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 9:13 pm

MERC

Mercer International announced that Jimmy Lee is stepping down as Executive Chairman and Director due to personal health reasons and has been named Chairman Emeritus. The company has revised its governance structure for an independent Chairman, appointing William McCartney as Interim Chairman.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:13 pm

SSKN

STRATA Skin Sciences, Inc. (SSKN) announced the successful amendment of its credit agreement with MidCap Financial, enhancing liquidity and financial flexibility. The amendment removes minimum revenue requirements for 2023 and introduces future financial covenants, aligning with STRATA's business projections. This move is seen as a positive step towards supporting STRATA's operational and capital needs, enabling the execution of strategic initiatives.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:07 pm