SPLP | Jotup

WebBank, a Steel Partners Company, Honored as One of American Banker’s Best Places to Work in Financial Technology 2024

Retrieved on:

Donnerstag, Mai 16, 2024

Apps, Applications, Technology, Human Resources, Finance, Fintech, Banking, Professional Services, Software, Internet, Insurance, National Mortgage News, Philosophy, Financial plan, SPLP, American Banker, Management

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been named one of the 2024 Best Places to Work in Financial Technology.

Key Points:

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been named one of the 2024 Best Places to Work in Financial Technology.
The awards program was created in 2017 and is a project of Arizent and Best Companies Group.
This annual survey and awards program is designed to identify, recognize, and honor the best employers in the financial technology industry.
To be considered for participation, companies must provide technology products, services or solutions that enable the delivery of financial services.

Steel Partners Holdings Declares Regular Quarterly Distribution On its Series A Preferred Units

Retrieved on:

Dienstag, Mai 7, 2024

Professional Services, Finance, SPLP

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable June 15, 2024, to unitholders of record as of June 1, 2024, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable June 15, 2024, to unitholders of record as of June 1, 2024, on its 6% Series A Preferred Units, no par value ("Series A Preferred").
Any future determination to declare distributions on its units of Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financial position, and capital requirements, among others.

Steel Partners Holdings Reports First Quarter Financial Results

Retrieved on:

Mittwoch, Mai 8, 2024

Professional Services, Finance, Supply, Investment, Partnership, Steel Connect, Capital expenditure, Tax, Service provider, SPLP, CRT, General partnership, Financial services, Adjustment, Building material, Supply chain, Repurchase agreement, Energy, Life insurance

This increase was due to $42,030 from the favorable impact of consolidation of the Supply Chain segment and $17,174, or 18.5% higher revenue from the Financial Services segment.

Key Points:

This increase was due to $42,030 from the favorable impact of consolidation of the Supply Chain segment and $17,174, or 18.5% higher revenue from the Financial Services segment.
The increase was primarily due to higher expenses from the Financial Services segment of $11,700 and the impact of the consolidation of the Supply Chain segment of $10,000.
Interest expense decreased $4,592, or 76.7% for the three months ended March 31, 2024, as compared to the same period last year.
As of March 31, 2024, total debt was $92,809, a decrease of approximately $98,562, as compared to December 31, 2023.

Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein

Retrieved on:

Donnerstag, April 25, 2024

Professional Services, Finance, Multimedia, Philosophy, Executive, Letter, SPLP

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein.

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein.
The letter can be accessed at https://ir.steelpartners.com/investor-letters .
The annual letter includes reviews of the Company's 2023 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.
This press release features multimedia.

WebBank, a Steel Partners Company, Honored as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner

Retrieved on:

Donnerstag, Januar 25, 2024

Banking, Software, Professional Services, Internet, Fintech, Apps, Applications, Technology, Small Business, Asset Management, DEI (Diversity, Equity and Inclusion), Other Professional Services, Human Resources, Finance, Glassdoor, SPLP

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been named a winner of Glassdoor’s 16th annual Employees’ Choice Awards, honoring the Best Places to Work 2024 .

Key Points:

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been named a winner of Glassdoor’s 16th annual Employees’ Choice Awards, honoring the Best Places to Work 2024 .
This is the second year in a row WebBank has been named a winner, and this year, it is ranked second on the list of 50 small to medium sized businesses that received this distinction.
Unlike other workplace awards, the Glassdoor Employees’ Choice Awards are based on the input of employees who voluntarily provide anonymous feedback on Glassdoor by completing a company review

Steel Partners Holdings L.P. Abandons Reverse/Forward Unit Split

Retrieved on:

Mittwoch, Januar 10, 2024

Banking, Asset Management, Professional Services, Finance, Partnership, SPLP, Unit, Common

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will abandon its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will abandon its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).
The Reverse/Forward Unit Split was previously extended on January 8, 2024 and was expected to become effective on January 11, 2024.

Steel Partners Holdings L.P. Announces Extension of Effective Date for Reverse/Forward Unit Split

Retrieved on:

Montag, Januar 8, 2024

Banking, Professional Services, Finance, 8-K, Partnership, Trust, Effective date, SPLP, Common, Unit

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will extend the effective date of its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will extend the effective date of its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).
The Reverse Unit Split is now expected to become effective as of 5:00 p.m. Eastern Time on January 11, 2024, and immediately thereafter, the Forward Unit Split is expected to become effective as of 5:01 p.m. Eastern Time on January 11, 2024 (as it may be further extended, the “Effective Date”).
The Company reserves the right to abandon, modify or extend the Reverse/Forward Unit Split at any time prior to the Effective Date.
Certain holders of the Company’s Common Units who are employees will have their Company Common Units excluded from the Reverse/Forward Unit Split.

Steel Partners Holdings L.P. Announces Reverse/Forward Unit Split

Retrieved on:

Donnerstag, Dezember 14, 2023

Banking, Asset Management, Professional Services, Finance, New York Stock Exchange, NYSE, 8-K, CUSIP, Trust, Unit, SPLP, Effective date, Partnership, Common, Security (finance)

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will effect a 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will effect a 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”).
The Company Common Units will be assigned a new CUSIP number following the Reverse/Forward Unit Split.
Certain holders of the Company’s Common Units who are employees will have their Company Common Units excluded from the Reverse/Forward Unit Split.
Unitholders owning Common Units via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse/Forward Unit Split, subject to such broker’s particular processes, and will not be required to take any action in connection with the Reverse/Forward Unit Split.

Steel Connect Reports Fourth Quarter Fiscal 2023 Financial Results

Retrieved on:

Mittwoch, November 8, 2023

Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.

Key Points:

Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.
The Exchange Transaction closed on May 1, 2023, and as such, there was no activity for the fourth quarter or fiscal year ended July 31, 2022.
Total interest expense for the fiscal year ended July 31, 2023 remained relatively flat compared to the fiscal year ended July 31, 2022.
Other gains, net for the fiscal year ended July 31, 2023 and the fiscal year ended July 31, 2022 were $11.3 million and $4.1 million, respectively.

Steel Partners Holdings Announces Ryan O’Herrin Named Chief Financial Officer

Retrieved on:

Montag, August 7, 2023

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced the appointment of Ryan O’Herrin as Chief Financial Officer.

Key Points:

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced the appointment of Ryan O’Herrin as Chief Financial Officer.
View the full release here: https://www.businesswire.com/news/home/20230807179891/en/
O’Herrin is an established financial leader with over 20 years of successful achievements across multiple industries.
Current Chief Financial Officer for Steel Partners, Jason Wong, has resigned from his position with the Company to pursue other opportunities.
“Jason has exceptional intellect and has successfully led the finance team at Steel Partners.