Streetbeat News

Corporate Responsibility

RM

Regional Management Corp. announced that Executive Vice President and COO John Schachtel is leaving the company. Responsibilities will be absorbed by President and CEO Rob Beck and other executive team members.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:31 pm

DOV

Dover Fueling Solutions (DFS), a part of Dover Corporation (NYSE:DOV), has announced a collaboration with Click & Find to deliver a fuel transportation volume monitoring and tracking solution in the EMEA region. This solution integrates ProGauge magnetostrictive probe technology to enable fuel retailers and transportation companies to control operations, mitigate risks, and streamline processes. It provides security from loading to delivery, integrates with various software systems, and complies with industry standards.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:18 pm

SEM

Select Medical Holdings Corporation (NYSE:SEM) announced plans to separate its Concentra business into an independent, publicly traded company. The separation, expected to be tax-free for Select Medical and its stockholders, is planned for late 2024. Stockholders will retain shares of Select Medical and receive a pro rata distribution of Concentra stock. The separation is subject to conditions including market conditions, financing transactions, IRS ruling, and board approval. J.P. Morgan is the financial advisor and Dechert LLP is the legal counsel for the transaction.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:18 pm

AIM

The Delaware Court of Chancery ruled in favor of Mr. Kellner, finding four advance notice bylaw provisions adopted by AIM ImmunoTech's Board in March 2023 invalid. These provisions were deemed to entrench incumbents and thwart proxy contests, potentially affecting future board elections and governance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:17 pm

XRX

Xerox Holdings Corporation (NASDAQ:XRX) shares fell after announcing a 15% workforce reduction as part of its new operating model and organizational structure, aiming to advance its Reinvention. The Reinvention focuses on three key areas: Core Print Business, Global Business Services, and IT and Digital Services. The executive team has been realigned to support strategic execution. The stock drop was exacerbated by rising Treasury yields impacting the tech sector.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 9:14 pm

COLD

Americold Realty Trust announced that CFO Marc Smernoff will depart on January 12. Jay Wells will replace him as CFO effective January 15. The transition in the financial leadership may impact investor confidence and the company's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:10 pm

INTC

Intel has appointed Justin Hotard as Executive Vice President and General Manager of its Data Center and AI Group, starting February 1. Hotard will join the executive leadership team and report to CEO Pat Gelsinger, overseeing products such as Intel Xeon processors, GPUs, and accelerators.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:09 pm

FHTX

Allan Reine, CFO of Foghorn Therapeutics, is set to leave the company to pursue another opportunity. This executive change may raise concerns among investors regarding the company's financial leadership stability.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:05 pm

TWOU

2U, Inc. has announced a new organizational structure, creating two executive roles to lead its business segments. Andrew Hermalyn has been appointed as President of the Degree Program Segment, while Aaron McCullough has been appointed as President of the Alternative Credential Segment.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:03 pm

TRMB

Trimble (TRMB) has completed the sale of its remote water monitoring hardware and software, including the Telog brand and Trimble Unity Remote Monitoring software, to Badger Meter, Inc. The divestiture aligns with Trimble's strategy to focus on core growth areas and its strategic product roadmap. The financial terms of the deal were not disclosed. Trimble will retain its water-related businesses in marine construction, infrastructure monitoring, and surveying. Badger Meter's CEO views the acquisition as a perfect fit for their strategic growth and enhancing their data and analytics offerings.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:02 pm