Regulation S-K

SEC Adopts Amendments to Modernize Share Repurchase Disclosure

Retrieved on: 
Wednesday, May 3, 2023
Share repurchase, Commission, Disclosure, Form, Security (finance), Regulation S-K, Regulation

The amendments will improve disclosure and provide investors with enhanced information to assess the purposes and effects of share repurchases.

Key Points: 
  • The amendments will improve disclosure and provide investors with enhanced information to assess the purposes and effects of share repurchases.
  • “In 2021, buybacks amounted to nearly $950 billion and reportedly reached more than $1.25 trillion in 2022,” said SEC Chair Gary Gensler.
  • “Today’s amendments will increase the transparency and integrity of this significant means by which issuers transact in their own securities.
  • That’s good for investors, issuers, and the markets.”
    The amendments will require issuers to disclose daily quantitative share repurchase information either quarterly or semi-annually.

Malibu Boats, Inc. Announces Third Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
Travel, Marketing, GAAP, Saline water, EBITDA, Acquisition, Webcast, Growth, Adjustment, Regulation, Regulation S-K, Retail, Cryptocurrency, Saltwater fish, Cobalt

Net sales attributable to our Malibu segment decreased $6.3 million, or 3.5%, to $172.6 million for the three months ended March 31, 2023, compared to the three months ended March 31, 2022.

Key Points: 
  • Net sales attributable to our Malibu segment decreased $6.3 million, or 3.5%, to $172.6 million for the three months ended March 31, 2023, compared to the three months ended March 31, 2022.
  • Unit volume increased 167 units for the three months ended March 31, 2023 compared to the three months ended March 31, 2022.
  • Operating income for the third quarter of fiscal year 2023 decreased to $70.3 million from $71.5 million in the third quarter of fiscal year 2022.
  • The Company will host a webcast and conference call to discuss third quarter of fiscal year 2023 results on Wednesday, May 3, 2023, at 8:30 a.m. Eastern Time.

Blackbaud Announces 2023 First Quarter Results

Retrieved on: 
Wednesday, May 3, 2023
Acceleration, Insurance, Guardian, Capital expenditure, Education, Curriculum, Policy, GAAP, Ratio, Impact of the COVID-19 pandemic on the arts and cultural heritage, BLKB, Consultant, Organization, Public expenditure, EBITDA, Acquisition, Computer security incident management, Item, CFO, Health, SKY, News, Regulation, Regulation S-K, Software, Pharmaceutical industry, Cryptocurrency, Bank, Tourism, Medical device, Blackbaud

CHARLESTON, S.C., May 3, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2023.

Key Points: 
  • Raises Full Year 2023 Financial Guidance; Accelerates Expectation for Achieving Rule of 40
    CHARLESTON, S.C., May 3, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2023.
  • "2023 is off to a strong start," said Mike Gianoni, president and CEO, Blackbaud.
  • First Quarter 2023 Results Compared to First Quarter 2022 Results:
    GAAP total revenue was $261.8 million, up 1.8%, with $252.7 million in GAAP recurring revenue, up 3.3%.
  • For full year 2023, Blackbaud currently expects net cash outlays of $25 million to $35 million for ongoing legal fees related to the Security Incident.

The LGL Group Announces a Change of Auditor. Chairman of the Board Marc Gabelli Expresses His Appreciation for the Professionalism Provided by RSM

Retrieved on: 
Tuesday, May 2, 2023
Professional Services, Manufacturing, Finance, Other Manufacturing, Accounting, Machinery, LLP, Bank statement, Professional, Audit committee, Exchange, LGL, PKF, Committee, Disagreement, RSM, Form, RSM US, Exhibit, Security (finance), Letter, Regulation S-K, Regulation, Cryptocurrency

The decision to change the Company’s independent registered public accounting firm from RSM to PKF was unanimously approved by the Committee.

Key Points: 
  • The decision to change the Company’s independent registered public accounting firm from RSM to PKF was unanimously approved by the Committee.
  • The Chairman of the Board of Directors of the Company, Marc Gabelli, expressed his appreciation for the professionalism provided by RSM during the past many years.
  • Marc Gabelli also welcomed PKF and thanked them for taking on the audit responsibility for LGL.
  • The Audit Committee has authorized RSM to respond fully to all inquiries of PKF.

United Rentals Announces Record First Quarter Results and Reaffirms Its Full-Year 2023 Guidance

Retrieved on: 
Wednesday, April 26, 2023
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Optimism, Table, Share repurchase, Bank statement, OEC, Tax, GAAP, Public expenditure, EBITDA, Acquisition, Regulation S-K, Capital, Item, Depreciation, Growth, EPS, Renting, NYSE, Regulation, Commercial property, Holding company, Bookkeeping, United Rentals

United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2023 and reaffirmed its full-year 2023 guidance.

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2023 and reaffirmed its full-year 2023 guidance.
  • Matthew Flannery, chief executive officer of United Rentals, said, “We're pleased with the start to 2023, as evidenced by the strength of our first quarter results across growth, profitability, and returns.
  • General rentals segment rental revenue increased 26.7% year-over-year, including the impact of the Ahern Rentals acquisition, to a first quarter record of $2.018 billion.
  • On a pro forma basis, including the pre-acquisition results of Ahern Rentals, first quarter rental revenue for general rentals increased 14.3% year-over-year.

MaxLinear, Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, April 26, 2023
Semiconductor, Internet, Hardware, Mobile, Wireless, Technology, Intellectual property, MXL, IR, Failure, Digital, Risk, Bank statement, Stock dilution, SEC filing, GAAP, Research, Consultant, Government, Sale, Silicon, Register, Prospectus, Acquisition, Motion, Investment, Annual report, Silicon Motion, Item, Form, Growth, Security (finance), Environment, Conference, Regulation S-K, RF, Regulation, Video game, Pharmaceutical industry, Bank, Bookkeeping, Wi-Fi, MaxLinear

MaxLinear, Inc. (Nasdaq: MXL), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • MaxLinear, Inc. (Nasdaq: MXL), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2023.
  • Non-GAAP income from operations was 28% of net revenue, compared to 33% in the prior quarter, and 33% in the year-ago quarter.
  • Non-GAAP diluted earnings per share was $0.74, compared to $1.07 in the prior quarter, and $1.00 in the year-ago quarter.
  • MaxLinear will host its first quarter financial results conference call today, April 26, 2023 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

iAnthus Announces Change of Auditor

Retrieved on: 
Wednesday, April 5, 2023
CSE, Bank statement, PKF, National instrument, Annual report, Regulation S-K, Regulation, Audit

NEW YORK and TORONTO, April 5, 2023 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCPK: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, announced today that it has dismissed Marcum LLP ("Marcum") as the Company's independent auditor and appointed PKF O'Connor Davies, LLP ("PKFOD") to serve as the Company's independent auditor for the fiscal year ending December 31, 2023, effective as of March 30, 2023.

Key Points: 
  • NEW YORK and TORONTO, April 5, 2023 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCPK: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, announced today that it has dismissed Marcum LLP ("Marcum") as the Company's independent auditor and appointed PKF O'Connor Davies, LLP ("PKFOD") to serve as the Company's independent auditor for the fiscal year ending December 31, 2023, effective as of March 30, 2023.
  • The change of the Company's independent auditor was made after careful consideration and evaluation and was approved by the Company's audit committee.
  • The reports on the Company's financial statements by Marcum for the years ended December 31, 2022 and 2021 did not contain any adverse opinion or disclaimer of opinion, nor was either report qualified or modified as to uncertainty, audit scope, or accounting principles, except for an explanatory paragraph as to the Company's ability to continue as a going concern.
  • During the two most recent fiscal years and the subsequent period through the appointment of PKFOD, the Company did not consult with PKFOD regarding any of the matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.

MedMen Enterprises Announces Change of Auditor

Retrieved on: 
Thursday, March 23, 2023
Finance, Cannabis, Natural Resources, Accounting, Professional Services, Canadian Securities Exchange, CSE, MNP, File, 8-K, Bank statement, Exchange, MNP LLP, Audit committee, National instrument, Security (finance), Letter, Regulation S-K, Regulation, Audit

MedMen Enterprises Inc., (“MedMen" or the "Company") (CSE: MMEN) (OTCQB: MMNFF) announces it has changed its auditor from MNP LLP to Marcum LLP effective March 17, 2023.

Key Points: 
  • MedMen Enterprises Inc., (“MedMen" or the "Company") (CSE: MMEN) (OTCQB: MMNFF) announces it has changed its auditor from MNP LLP to Marcum LLP effective March 17, 2023.
  • On March 17, 2023, the Company engaged Marcum LLP as its new independent registered public accountant for the fiscal year ending July 1, 2023.
  • The Audit Committee of the Company approved and authorized the engagement of Marcum LLP as the Company’s independent registered public accounting firm.
  • The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

FedEx Corp. Reports Third Quarter Results

Retrieved on: 
Thursday, March 16, 2023
Other Transport, Trucking, Logistics, Supply Chain Management, Air, Transport, ASR, FedEx, Table, Share repurchase, Sale, Retirement, Item, NYSE, FedEx Express, Business, EPS, DRIVE, EDT, Regulation S-K, Internal, MTM, FedEx Ground, Regulation, FDX, Annual report, Mail, ETR, Capital, Insurance, Name, Bank statement, COVID-19, GAAP, Growth, TNT Express, Geography, United, Safety, Atmosphere, Management, Security (finance), Financial adviser, Risk management, Beauty salon, Bank

FedEx Ground operating results improved, primarily due to an 11% increase in revenue per package and cost-reduction actions.

Key Points: 
  • FedEx Ground operating results improved, primarily due to an 11% increase in revenue per package and cost-reduction actions.
  • FedEx Express operating results declined due to lower global volumes, partially offset by a 3% increase in revenue per package.
  • The company's accelerated share repurchase (ASR) transaction, which was initiated during the second quarter, was completed in the third quarter.
  • The decrease in outstanding shares benefited third quarter results by $0.10 per diluted share.

Janus International Group Reports Record Fourth Quarter and Full Year 2022 Results; Introduces Long Term Outlook for Sustained Organic Growth and Margin Expansion

Retrieved on: 
Thursday, March 16, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Building Systems, Other Construction & Property, Manufacturing, Residential Building & Real Estate, ACT, CFO, Accounting, Fourth, Webcast, NYSE, Regulation S-K, Commercial, Regulation, Adjustment, EBITDA, International Marxist Group, GAAP, Steel, Growth, JBI, Management, Video game, Pharmaceutical industry, Real estate, Marketing, Janus

Net income was $32.7 million, or $0.22 per diluted share, compared to $10.3 million, or $0.07 per diluted share in the fourth quarter of 2021.

Key Points: 
  • Net income was $32.7 million, or $0.22 per diluted share, compared to $10.3 million, or $0.07 per diluted share in the fourth quarter of 2021.
  • Adjusted earnings per diluted share was $0.22, compared to $0.14 in the fourth quarter of 2021.
  • The year over year increase is attributable to the same items described in the Fourth Quarter 2022 Highlights above.
  • The year over year increase is attributable to the same items described in the Fourth Quarter 2022 Highlights above.