LL

JPMorgan Chase Declares Preferred Stock Dividends

Retrieved on: 
Friday, October 13, 2023

JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series DD, EE, GG, JJ, KK, LL and MM preferred stock.

Key Points: 
  • JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series DD, EE, GG, JJ, KK, LL and MM preferred stock.
  • JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide.
  • JPMorgan Chase had $3.9 trillion in assets and $317 billion in stockholders’ equity as of September 30, 2023.
  • Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

Live Ventures Submits Proposal to Acquire LL Flooring for $5.85 Per Share in Cash

Retrieved on: 
Thursday, October 12, 2023

Live Ventures Incorporated (“Live Ventures” or “we”) is pleased to present a non-binding offer for a transaction between Live Ventures and LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”).

Key Points: 
  • Live Ventures Incorporated (“Live Ventures” or “we”) is pleased to present a non-binding offer for a transaction between Live Ventures and LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”).
  • Our goal is to facilitate constructive discussions with the Board and enter into a mutually agreeable transaction that is in the best interests of all LL Flooring shareholders.
  • As described more fully below, our proposal to acquire 100% of LL Flooring shares in an all-cash offer for $5.85 per share represents a 106% premium to the Company’s closing share price as of October 6, 2023.
  • For the reasons we outline, we believe this proposal is the best path forward for all Company stakeholders – and we are prepared to move quickly to execute it together.

LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Live Ventures Incorporated

Retrieved on: 
Thursday, October 12, 2023

LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Live Ventures Incorporated (“Live Ventures”) to acquire all of the outstanding shares of the Company for $5.85 per share in cash.

Key Points: 
  • LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Live Ventures Incorporated (“Live Ventures”) to acquire all of the outstanding shares of the Company for $5.85 per share in cash.
  • LL Flooring does not intend to comment further on Live Venture’s unsolicited proposal until the Board has completed its review.
  • There can be no assurance that the Company’s strategic alternatives process will result in LL Flooring pursuing any particular transaction or other strategic outcome.
  • J.P. Morgan Securities LLC is serving as financial advisor to LL Flooring, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as its legal advisor.

ROCK THE BELLS FESTIVAL SELLS OUT FOR A SECOND STRAIGHT YEAR WITH A CELEBRATION HONORING THE 50TH ANNIVERSARY OF HIP-HOP

Retrieved on: 
Tuesday, August 29, 2023

QUEENS, N.Y., Aug. 29, 2023 /PRNewswire/ -- LL COOL J's Rock The Bells, the global platform dedicated to elevating Hip-Hop culture from its roots to the modern day, sold out its annual Rock The Bells Festival celebrating 50 years of Hip-Hop for the second year in a row. Co-presented by Procter & Gamble and Walmart, the Festival featured epic performances by LL COOL J feat. DJ Z-Trip and The Roots, RUN DMC, Jungle Brothers, Black Sheep, Brand Nubian, Lost Boyz, Queen Latifah, Ludacris, Method Man & Redman, Swizz Beatz, Salt-n-Pepa, Big Daddy Kane, The God MC Rakim, Slick Rick, Boot Camp Clik feat. Buckshot and Evil Dee, Smif-N-Wessun, OGC and Rock & Bernadette Price, MC Lyte, Yo-Yo, MC Sha-Rock, Roxanne Shanté, Monie Love, Cold Crush Brothers.

Key Points: 
  • Buckshot and Evil Dee, Smif-N-Wessun, OGC and Rock & Bernadette Price, MC Lyte, Yo-Yo, MC Sha-Rock, Roxanne Shanté, Monie Love, Cold Crush Brothers.
  • "We're truly grateful for the incredible support we received for the Rock The Bells Festival, especially in this monumental year as we celebrate 50 Years of Hip-Hop," said James Cuthbert, President of Rock The Bells.
  • Upcoming updates and additional announcements can be found across Rock The Bells' Instagram , Facebook , and Twitter .
  • For Rock The Bells Festival media requests, please contact Skai Blue Media at [email protected] .

KBRA Releases Research – CMBS Loan Performance Trends: August 2023

Retrieved on: 
Thursday, August 24, 2023

KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the August 2023 servicer reporting period.

Key Points: 
  • KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the August 2023 servicer reporting period.
  • There was a meaningful month-over-month (MoM) jump of 23 basis points (bps) on the heels of July’s 34-bp increase.
  • Other key observations of the August 2023 performance data are as follows:
    All property types, excluding retail and industrial, have seen an increase in the MoM delinquency rate.
  • In this report, KBRA provides observations across our $316.7 billion rated universe of U.S. private label CMBS including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.

StratEdge Presents Hermetic Molded Ceramic Packages at European Microwave Week in Berlin

Retrieved on: 
Tuesday, August 22, 2023

StratEdge Corporation , leader in the design and production of high-performance semiconductor packages for RF, microwave, and millimeter-wave devices, is set to showcase its off-the-shelf line of molded ceramic packages at European Microwave Week (EuMW), September 19-21.

Key Points: 
  • StratEdge Corporation , leader in the design and production of high-performance semiconductor packages for RF, microwave, and millimeter-wave devices, is set to showcase its off-the-shelf line of molded ceramic packages at European Microwave Week (EuMW), September 19-21.
  • These StratEdge molded ceramic packages are designed to meet the requirements for chips with frequencies up to 18 GHz, including gallium nitride (GaN) devices.
  • Moreover, StratEdge provides complete automated assembly and environmental test services for these packages, including gold-tin and gold-silicon solder die attach.
  • Molded ceramic packages present a straightforward solution to challenging requirements for packaging devices used in high-reliability applications.

LL Flooring Board of Directors Announces Exploration of Strategic Alternatives to Maximize Shareholder Value

Retrieved on: 
Monday, August 14, 2023

LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) today announced that its Board of Directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a potential transaction with the Company.

Key Points: 
  • LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) today announced that its Board of Directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a potential transaction with the Company.
  • Nancy Taylor, Independent Chairperson of the Board of Directors, said, “The LL Flooring Board of Directors has confidence in the Company’s strategy and believes that the strategic work the management team has been doing to strengthen the business will provide long-term benefits.
  • While this work is well underway, in light of external interest in the Company, the Board and management are taking the opportunity to explore a range of potential strategic alternatives to maximize shareholder value.
  • There can be no assurance that the Company’s strategic alternatives process will result in LL Flooring pursuing any particular transaction or other strategic outcome.

Grant of Employment Inducement Awards

Retrieved on: 
Friday, August 11, 2023

LL Flooring Holdings, Inc. (NYSE: LL) (the "Company"), a leading specialty retailer of hard-surface flooring in the U.S., today announced the grant of employment inducement awards to Robert Madore, Andrew Wadhams, Laura Massaro and one new vice president.

Key Points: 
  • LL Flooring Holdings, Inc. (NYSE: LL) (the "Company"), a leading specialty retailer of hard-surface flooring in the U.S., today announced the grant of employment inducement awards to Robert Madore, Andrew Wadhams, Laura Massaro and one new vice president.
  • The Compensation Committee of the Company's Board of Directors approved the employment inducement awards on July 12, 2023, with a grant date of August 11, 2023, as a material inducement to enter into offers of employment, in reliance on the employment inducement award exception to New York Stock Exchange (“NYSE”) Listing Rule 303A.08 that requires shareholder approval of equity-based compensation plans.
  • The employment inducement awards (the “Inducement Awards”) will have an aggregate total cumulative grant date value of $1,277,500 and will consist of (i) with respect to Mr. Madore, (A) a time-based restricted stock award (which will vest ratably over three years) with a grant date value of $425,000 and (B) a performance-based restricted stock unit award with time-based vesting and a grant date value of $175,000 (100% of which will cliff vest on the three-year anniversary of the grant date, subject to meeting the applicable performance targets set forth in the Company’s grant agreement), and (ii) with respect to the other individuals, time-based restricted stock awards (which will vest ratably over three years) with an aggregate grant date value of $677,500.
  • The Inducement Awards are being made outside of the Company's shareholder approved equity compensation plans but will generally be subject to the same terms and conditions as apply to awards granted under the Company’s 2023 Equity Compensation Plan.

LL Flooring Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended June 30, 2023.

Key Points: 
  • LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended June 30, 2023.
  • Loss per Diluted Share was $1.35 for the second quarter, compared to net income per diluted share of $0.09 for the second quarter of last year.
  • Adjusted Loss Per Diluted Share1 was $1.28 for the second quarter, compared to adjusted earnings per diluted share of $0.13 for the second quarter of last year.
  • During the second quarter, the Company closed one store, bringing total stores to 442 as of June 30, 2023.

UMe Celebrates Hip Hop 50 With 80,000 Collectible Metro Cards Featuring Cam’Ron, LL COOL J, Rakim, & Pop Smoke

Retrieved on: 
Friday, August 4, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230804648793/en/
    UMe CELEBRATES HIP HOP 50 WITH 80,000 COLLECTIBLE METRO CARDS FEATURING CAM’RON, LL COOL J, RAKIM, & POP SMOKE
    Together with the MTA, UMe have created 80,000 “Metro Cards” available in subway vending locations across New York City.
  • These collectibles feature four generational East Coast hip-hop icons, namely Cam’Ron, LL COOL J, Rakim, and Pop Smoke.
  • But it doesn't get closer to real city life than swiping a metro card and standing clear of the closing doors.
  • UMe just released a new “Best Hip Hop Hits – HIP HOP 50 Edition” Spotify playlist.