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Equity Actions

GS

Goldman Sachs is contemplating a major change to its management committee, potentially the largest in years, due to recent departures. CEO David Solomon, with advice from President John Waldron, may expand or shrink the committee. The committee's size and composition are under review, with new members possibly having closer ties to Waldron. The final decision by Solomon could significantly impact the firm's strategic direction. No appointments have been confirmed, and speculation is high among potential candidates. An announcement is expected after annual compensation discussions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:44 pm

BVS

Bioventus has appointed Robert Claypoole as its new President, CEO, and a member of its Board, effective January 10, 2024. He will succeed Anthony Bihl, who has been serving as interim CEO and a director on the Board since April 2023.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:39 pm

FULT

The board of Fulton Financial has approved a repurchase program for shares of common stock and other securities with a total value not exceeding $125 million. This move indicates the company's confidence in its financial stability and its commitment to delivering value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:34 pm

ODP

ODP Corporation has responded to a letter from AREX Capital, stating that its Board regularly and actively evaluates the company's strategic plan. This response indicates that ODP is aware of shareholder concerns and is addressing them through ongoing strategic review processes.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:31 pm

KULR

KULR Technology Group has announced a proposed public offering of its common stock, although the specific terms of the offering have not been disclosed. This move could potentially dilute current shareholders' equity but also provide the company with additional capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:31 pm

ENS

EnerSys has updated its fiscal Q3 2024 guidance, now expecting adjusted diluted EPS to be $2.50-$2.60, up from the previous estimate of $1.80-$1.90. This increase is due to the anticipated incremental IRC 45X tax benefits, including retroactive impacts from Q4 fiscal 2023 through Q3 fiscal 2024, despite capex pauses from telecom and broadband customers.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:26 pm

INBK

The Board of First Internet Bancorp has extended the term of its stock repurchase program through December 31, 2024. The program, initially set to expire on December 31, 2023, allows for the repurchase of up to $25.0 million in common stock. Repurchases are not guaranteed and are subject to market, economic, financial, and regulatory considerations. The program may be altered or halted at any time.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:26 pm

ELIQ

Electriq Power Holdings announced that it has entered into a Termination and Security Agreement with Meteora on December 14. According to the SEC filing, Meteora will retain ownership of 3.7 million shares of Electriq's Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:24 pm

CBRE

CBRE Group Inc has filed for a mixed shelf offering according to a recent SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:20 pm

LESL

Leslie's, Inc. (NASDAQ:LESL) announced board changes with Steven L. Ortega retiring at the 2024 Annual Meeting and not seeking reelection. John Strain is now Lead Independent Director and Chairman-Elect, while James Ray, Jr. stepped down from the board. Ortega's retirement follows nearly two decades of service, including as CEO and President. Under his leadership, Leslie's surpassed 1,000 stores and went public. Strain, with over 30 years in retail technology and e-commerce, aims to drive profitable growth. The board size will decrease from nine to eight immediately, and to seven in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:15 pm