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Equity Actions

BRX

Angela M. Aman is set to leave her role as President, CFO, and Treasurer of Brixmor Property Group Inc. (BRX) on January 19, 2024, to become CEO of Kilroy Realty Corporation. Steven Gallagher, currently the Senior VP and Chief Accounting Officer, will take over as interim CFO. The company is considering both internal and external candidates for the permanent position.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:16 pm

HRTG

Heritage Insurance Holdings is launching an underwritten public offering of its common stock. Concurrently, directors Ernie Garateix, Raymond Hyer, and CEO Paul Whiting plan to purchase up to $1.5 million of the stock in a private placement.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:16 pm

RLI

RLI Corp. announced the retirement of Jonathan E. Michael as Chairman of the Board, effective at the conclusion of the 2024 Annual Meeting of Shareholders in May. Michael, who has over 40 years of service with RLI and retired as CEO in 2021, led the company through significant diversification and consistent growth. David B. Duclos, with 45 years of industry experience, will succeed Michael as Non-Executive Chairman. Duclos has been a Director since 2017 and is the current lead independent director. The leadership transition is part of the company's established succession plan.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:14 pm

KRC

Kilroy Realty Corporation has announced that Angela Aman will take over as Chief Executive Officer effective January 22, 2024. This executive change is significant for the company's leadership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:08 pm

LNC

Lincoln Financial Group (NYSE:LNC) has agreed to sell its wealth management business to Osaic, Inc. The deal, expected to close in the first half of 2024, will provide Lincoln with a $700 million capital benefit, which will be used to improve its risk-based capital ratio and reduce its leverage ratio. The transaction includes the sale of Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation, with approximately 1,450 financial professionals. Lincoln will retain Lincoln Financial Distributors and its independent agents, and expand its distribution relationship with Osaic. There are no expected material impacts to Lincoln's free cash flow or earnings from this transaction.

Portfolio Pulse from Happy Mohamed

December 14, 2023 | 9:07 pm

SCHL

The board of Scholastic Corporation has authorized an additional $66 million for share repurchases, signaling confidence in the company's financial stability and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:03 pm

SNDX

Syndax Pharmaceuticals Inc. has announced a proposed public offering of common stock aiming to raise $150 million. The funds raised are expected to be used for general corporate purposes, which may include clinical trial expenses, research and development, and potential strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:01 pm

MPV

Barings Participation Investors has increased its quarterly dividend from $0.34 to $0.35 per share, indicating a positive outlook and potential for increased investor returns.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:54 pm

ALRS

Alerus Financial's Board of Directors has approved a new stock repurchase program, authorizing the repurchase of up to 1 million shares of its common stock. This program will start on February 18, 2024, and will replace the existing repurchase program from February 22, 2021, expiring on February 18, 2027.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:36 pm

NUBI

Nubia Brand International Corp's stockholders have approved a business combination with Honeycomb Battery Company. At the meeting, 70.4% of the shares present voted in favor. Nubia received redemption requests for 99.4% of its public shares before the deadline, with each share entitled to approximately $10.94 from the trust account.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:26 pm