TSR | Jotup

Rubric Capital Management Sends Letter to Xperi Inc. Stockholders Highlighting Superior Qualifications and Skills of its Director Nominees, Thomas A. Lacey and Deborah S. Conrad

Retrieved on:

Mercredi, mai 8, 2024

For far too long, Xperi stockholders have suffered at the hands of the current Board of Directors (the “Board”).

Key Points:

For far too long, Xperi stockholders have suffered at the hands of the current Board of Directors (the “Board”).
Do not be fooled by Xperi’s recent attempts to present a falsified version of its share performance and dilution to stockholders.
We urge you to replace David Habiger and Darcy Antonellis as Xperi directors with Rubric’s nominees, Thomas A. Lacey and Deborah S. Conrad, by voting the WHITE proxy card TODAY.
Vote the WHITE proxy card today FOR the election of Thomas A. Lacey and Deborah S. Conrad to the Xperi Board.

ACORD's insurance carrier M&A study found that only 52% of the last decade's largest transactions created long-term value

Retrieved on:

Jeudi, mai 2, 2024

P&C, Attention, TSR, Motivation, Life, SVAR, Risk, Risk management

NEW YORK, May 2, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today released the first-of-its-kind study Carrier Mergers & Acquisitions: Major Transaction Value Analysis. The study, which examined the largest M&A transactions over the last decade by insurers in Property & Casualty, Life, and Reinsurance, sought to answer key questions about motivations behind M&A activity, long-term value creation, and barriers and enablers in achieving success.

Key Points:

The deals analyzed in-depth represented a total value of nearly $290 billion, accounting for more than one-third of the value of all carrier M&A transactions worldwide.
Among other factors, ACORD assessed the M&A transactions by deal size and shareholder value at risk (SVAR) to understand how these contributed to long-term outcomes.
Dividing the transactions into quartiles by deal size revealed a "Goldilocks principle" at work — in the long run, mid-sized deals performed better than the largest or smallest transactions studied.
Life insurers faced difficulties regardless of the rationale behind the deal, with just 36% of all life M&A transactions creating value.

Genco Shipping & Trading Limited Mails Letter to Shareholders

Retrieved on:

Mercredi, avril 24, 2024

Sale, NOT, Interview, Investment, Annual general meeting, Record, Agenda, Transport, Proxy, Human, Attention, TSR, Oikonomou, Pons, GNK, Share repurchase, ALL, Letter, Ship, Growth, Management

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points:

Genco’s Board of Directors and management team are executing a clear strategy that is delivering value to shareholders today, positioning Genco to drive returns through volatile drybulk market cycles and generating outperforming results.
From this process, the Board determined that Ms. Das was the right director to add to the Genco Board.
The Genco Board of Directors unanimously recommends that Genco shareholders vote “FOR” the re-election of each of Genco’s seven nominees currently serving on the Genco Board, “WITHHOLD” on Economou's nominee and “AGAINST” Economou’s shareholder proposal on the WHITE proxy card.
We appreciate the support of ALL Genco shareholders, as we continue delivering on our Comprehensive Value Strategy to drive long-term sustainable value.

Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees

Retrieved on:

Jeudi, avril 18, 2024

LTI, TSR, NOK, Norsk Hydro, Total shareholder return

Members of Hydro’s Corporate Management Board and primary insiders have received shares in Hydro via the Long-Term Incentive plan and the employee share purchase program.

Key Points:

Members of Hydro’s Corporate Management Board and primary insiders have received shares in Hydro via the Long-Term Incentive plan and the employee share purchase program.
Primary insiders in Hydro have also agreed to purchase shares under a general arrangement offered to employees employed by Hydro in Norway each year.
All employees in Norway have been offered to purchase shares valued at NOK 14,967.20, with a 50 percent discount.
The following primary insiders have purchased shares under the LTI program and under the employee share plan:

Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders

Retrieved on:

Mardi, avril 16, 2024

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points:

The Genco Board unanimously concluded that he would not be additive to our already strong, focused and experienced Board.
The full text of the letter follows:
We are reaching out because we want your vote “FOR" Genco’s director nominees at the upcoming Annual Meeting of Shareholders.
Through our Comprehensive Value Strategy, we have distributed sizeable dividends to shareholders, significantly reduced our debt and grown and modernized our fleet.
At the same time, we have taken important steps to uniquely position Genco to drive returns through volatile drybulk shipping market cycles.

VEON management increases share ownership

Retrieved on:

Vendredi, avril 12, 2024

STI, LTI, VEON, TSR, Tax, GEC, Incentive

In connection with these above mentioned share awards, VEON’s Group Executive Committee (“GEC”) received a total of 2,299,995 VEON common shares (equal to 91,999 VEON American Depositary Shares (“ADSs”)) within the scope of the VEON’s Deferred Share plans, and the GEC were granted a total of 10,457,359 VEON common shares (equal to 418,294 ADSs) as a part of the LTI plans.

Key Points:

In connection with these above mentioned share awards, VEON’s Group Executive Committee (“GEC”) received a total of 2,299,995 VEON common shares (equal to 91,999 VEON American Depositary Shares (“ADSs”)) within the scope of the VEON’s Deferred Share plans, and the GEC were granted a total of 10,457,359 VEON common shares (equal to 418,294 ADSs) as a part of the LTI plans.
As previously announced, GEC members are required to accrue and maintain a minimum level of VEON shares.
1 The STI 2023 share awards were granted as part of VEON’s Deferred Share Plan.
The Deferred Share grant, which represents 50% of the Short-Term Incentives (“STI”) scheme, relates to the period from 1 January 2023 to 31 December 2023 and is deferred into shares under the Deferred Share grant rules.

ISS Recommends Shareholders Support Significant Change At Norfolk Southern by Voting the Blue Proxy Card “FOR” Five of Ancora’s Director Candidates

Retrieved on:

Mardi, avril 30, 2024

ISS recommends that shareholders elect William Clyburn, Jr., Sameh Fahmy, John Kasich, Gilbert Lamphere and Allison Landry to the Company’s Board of Directors (the “Board”).

Key Points:

ISS recommends that shareholders elect William Clyburn, Jr., Sameh Fahmy, John Kasich, Gilbert Lamphere and Allison Landry to the Company’s Board of Directors (the “Board”).
Previously, Glass Lewis recommended shareholders elect six of Ancora’s director candidates, including proposed CEO Jim Barber.
Notably, both ISS and Glass Lewis recommend AGAINST Norfolk Southern’s proposed executive compensation.
Miles are in key decision-making roles, we believe the institutional biases that have hindered Norfolk Southern will remain in place and stall value creation.

Rubric Capital Management Issues Open Letter to Xperi Inc. Stockholders in Response to Company’s Highly Misleading Investor Presentation

Retrieved on:

Mercredi, mai 1, 2024

Professional Services, Finance, Chronology, Rubric, TSR, Year 3, Share repurchase, GAAP, Letter, Disclosure, Cryptocurrency

Xperi makes the egregious claim that its dilution has been in-line with or below its peers.

Key Points:

Xperi makes the egregious claim that its dilution has been in-line with or below its peers.
These directors, and the Xperi Board at large, have shown no commitment to further aligning their interests with stockholders.
At its 2022 Investor Day, Xperi laid out a series of 3-5 year targets, which the Company reiterated in yesterday’s presentation.
Ultimately, Rubric believes Xperi stockholders will see through the half-truths and outright falsehoods presented by an Xperi Board seemingly focused on subverting stockholder interests and securing comfortable, high paying directorships for themselves.

JJX Logistics Reduces Fleet Emissions by 17% and Achieves Industry Safety Accreditation with Samsara

Retrieved on:

Jeudi, avril 25, 2024

International haulage company JJX Logistics has improved the safety and sustainability of its fleet operations by implementing advanced AI solutions from Samsara , the pioneer of the Connected Operations™ Cloud.

Key Points:

International haulage company JJX Logistics has improved the safety and sustainability of its fleet operations by implementing advanced AI solutions from Samsara , the pioneer of the Connected Operations™ Cloud.
Within the first three months of implementing Samsara’s monitoring features, the company has achieved a 17% reduction in vehicle emissions.
Edward Martin, Head of Security & Fleet Compliance at JJX Logistics comments: “We’re continuously operating in a high-pressure environment where compliance is paramount.
We’re pleased that our technology is playing a pivotal role in that, and we’re looking forward to seeing our partnership with JJX grow even further.”

TSR, Inc. Reports Results for the Third Quarter Ended February 29, 2024

Retrieved on:

Lundi, avril 15, 2024

Finance, Consulting, Professional Services, Other Professional Services, Human Resources, TSR, Inc., Publishing, Insurance, Information technology, TSR, Acquisition, Calendar, Growth, Video game

TSR, Inc. (Nasdaq: TSRI) (“TSR” or “the Company”), a provider of information technology consulting and recruiting services, today announced financial results for the third quarter ended February 29, 2024.

Key Points:

TSR, Inc. (Nasdaq: TSRI) (“TSR” or “the Company”), a provider of information technology consulting and recruiting services, today announced financial results for the third quarter ended February 29, 2024.
For the quarter ended February 29, 2024, revenue decreased 18.8% from the same quarter last year to $19.7 million.
Net income attributable to TSR for the current quarter was $411,000, or $0.19 per diluted share, as compared to net income of $80,000, or $0.04 per share, in the prior year quarter.
The Company ended the quarter with a strong balance sheet with $15.2 million in net working capital or approximately $7.03 per share.