Financial Accounting Standards Board

Penns Woods Bancorp, Inc. Announces “At-the-Market” Equity Offering Program

Retrieved on: 
Wednesday, September 13, 2023
Insurance, D+M Group, Risk, Telephone, Financial Accounting Standards Board, SEC filing, Infection, Finance, Comprehensive, Sale, Organization, ATM, Prospectus, Pandemic, Form S-3, Form, Security (finance)

The timing and amount of any sales will be determined by a variety of factors considered by the Company.

Key Points: 
  • The timing and amount of any sales will be determined by a variety of factors considered by the Company.
  • 333-273018), for the offering of the securities covered by the registration statement.
  • Investors may obtain copies of the prospectus supplement and accompanying prospectus relating to the offering without charge by visiting the SEC’s website at www.sec.gov .
  • The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

MFS Investment Grade Municipal Trust Announces Tender Offer

Retrieved on: 
Friday, August 25, 2023
Banking, Professional Services, Finance, Tender offer, Financial Accounting Standards Board, Share (finance), Calendar, MFS, Sale, Prospectus, Tender, MFS Investment Management, Mini-tender offer, Letter, NYSE, Cryptocurrency, Security (finance), Trustee, Fund

MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS Investment Grade Municipal Trust (the "Fund") (NYSE: CXH), a closed-end management investment company, authorized the Fund to conduct a cash tender offer (the "Tender Offer") for up to 10% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to 98% of the Fund’s net asset value (“NAV”) per Share as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the date the Tender Offer expires.

Key Points: 
  • MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS Investment Grade Municipal Trust (the "Fund") (NYSE: CXH), a closed-end management investment company, authorized the Fund to conduct a cash tender offer (the "Tender Offer") for up to 10% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to 98% of the Fund’s net asset value (“NAV”) per Share as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the date the Tender Offer expires.
  • The Fund expects to commence the Tender Offer on or before October 6, 2023.
  • Shareholders should read the applicable offer to purchase and tender offer statement on Schedule TO and related exhibits if and when those documents are filed and become available, as they will contain important information about the particular Tender Offer.
  • The Fund will also make available, without charge, the offer to purchase and the letter of transmittal for the Tender Offer that is conducted.

MFS High Yield Municipal Trust Announces Tender Offer

Retrieved on: 
Friday, August 25, 2023
Banking, Asset Management, Professional Services, Finance, Tender offer, Financial Accounting Standards Board, Share (finance), Calendar, MFS, Sale, Prospectus, Tender, Mutual fund, MFS Investment Management, CMU, Mini-tender offer, Letter, NYSE, Cryptocurrency, Security (finance), Trustee, Fund

MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS High Yield Municipal Trust (the "Fund") (NYSE: CMU), a closed-end management investment company, authorized the Fund to conduct a cash tender offer (the "Tender Offer") for up to 10% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to 98% of the Fund’s net asset value (“NAV”) per Share as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the date the Tender Offer expires.

Key Points: 
  • MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS High Yield Municipal Trust (the "Fund") (NYSE: CMU), a closed-end management investment company, authorized the Fund to conduct a cash tender offer (the "Tender Offer") for up to 10% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to 98% of the Fund’s net asset value (“NAV”) per Share as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the date the Tender Offer expires.
  • The Fund expects to commence the Tender Offer on or before October 6, 2023.
  • Shareholders should read the applicable offer to purchase and tender offer statement on Schedule TO and related exhibits if and when those documents are filed and become available, as they will contain important information about the particular Tender Offer.
  • The Fund will also make available, without charge, the offer to purchase and the letter of transmittal for the Tender Offer that is conducted.

Immersion Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Friday, August 11, 2023
Electronic Games, Technology, Mobile, Wireless, Automotive, Entertainment, Vehicle Technology, Audio, Video, Hardware, Consumer Electronics, Immersion, Meta, Face, Share repurchase, Immersion Corporation, GAAP, Financial Accounting Standards Board, Corporation, Valve, Video game, Bank

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2023.
  • GAAP operating expenses of $3.9 million in the second quarter of 2023, flat compared to the second quarter of 2022.
  • Non-GAAP operating expenses of $2.5 million in the second quarter of 2023, compared to Non-GAAP operating expenses of $2.9 million in the second quarter of 2022.
  • Repurchased 413,696 shares in the second quarter of 2023 (1.3% of shares outstanding at June 30, 2023) at an average price of $6.88 per share.

Mogo Reports Results for Q2 2023 and Share Consolidation

Retrieved on: 
Thursday, August 10, 2023
Technology, Finance, Security, Fintech, Banking, Electronic Commerce, Professional Services, Software, Data Management, Carta Worldwide, Inc., International, Table, Coinsquare, EDT, Net, Financial Accounting Standards Board, EBITDA, Investment, Analysis, Consolidation, Webcast, CFO, ISIN, TSX, CUSIP, Growth, Letter, Cryptocurrency, Beauty salon, Security (finance), Accounting, Airline, Share (finance), Mogo, Adjustment

As a result of these initiatives, total operating expenses for Q2 2023 decreased by $8.1 million, or 38%, compared to Q2 2022.

Key Points: 
  • As a result of these initiatives, total operating expenses for Q2 2023 decreased by $8.1 million, or 38%, compared to Q2 2022.
  • Mogo reported a material improvement in Adjusted EBITDA1, which reached $1.8 million in Q2 2023, compared with an Adjusted EBITDA loss of ($4.1) million in Q2 2022.
  • Adjusted net loss1 improved to ($2.9) million in Q2 2023 from ($9.5) million in Q2 2022.
  • Mogo will host a conference call to discuss its Q2 2023 financial results at 3:00 p.m. EDT on August 10, 2023.

Grant Thornton appoints new leaders to its Audit Quality & Risk leadership team

Retrieved on: 
Thursday, August 10, 2023
Professional Services, Other Professional Services, Small Business, Finance, Consulting, Banking, Accounting, Risk, Grant Thornton International, University, Moses Austin, Association of International Accountants, International, Decker, Salisbury University, Face, Comptroller, Generally Accepted Accounting Principles (United States), Certified Public Accountant, American Institute of Certified Public Accountants, Professional practice of behavior analysis, AICPA, Assurance services, Financial Accounting Standards Board, CPA, International Accounting Standards Board, American Institute, Audit, Independence, Grant

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice.

Key Points: 
  • Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice.
  • Decker assumes her new role from Mary Ropes, an Audit partner at Grant Thornton, who retires after more than 35 years of service at the firm.
  • Dyer assumes his new role from Lynne Triplett, an Audit partner at Grant Thornton, who retires after more than 17 years of service at the firm.
  • Jeff Hughes , Grant Thornton’s national managing partner of Audit Quality and Risk, says the two leaders are positioned to advance the firm’s commitment to quality.

Innovid Reports Q2 2023 Financial Results

Retrieved on: 
Tuesday, August 8, 2023
SPAC, Advertising, Intellectual property, Failure, Pluto TV, FY, Bank statement, Risk, Telephone, Tax, CTV, The Walt Disney Company, Microsoft, GAAP, Financial Accounting Standards Board, Public expenditure, EBITDA, Acquisition, Mazda, Annual report, Honda, American Honda Motor Company, Grant Saacks, Otsuka Pharmaceutical, Webcast, Comparison of multi-paradigm programming languages, Depreciation, Entrepreneurship, Growth, NBCUniversal, Adjustment, NYSE, Video game, Pharmaceutical industry, Bookkeeping, Cryptocurrency, Beauty salon, Bank, Q2, Innovid

Q2 net loss was impacted by a one time non-cash goodwill impairment expense of $14.5 million, resulting from a decline in our share price during Q2 2023.

Key Points: 
  • Q2 net loss was impacted by a one time non-cash goodwill impairment expense of $14.5 million, resulting from a decline in our share price during Q2 2023.
  • CTV accounted for 51% of all video impressions served in Q2 2023, up from 50% of all video impressions served in Q2 2022.
  • Innovid is providing the following financial guidance for Q3 and full year 2023:
    Q3 2023 revenue in a range between $33 million and $35 million.
  • The Company will host a conference call and webcast to discuss second quarter 2023 financial results today at 8:30 a.m. Eastern Time.

Coterra Energy Reports Second-Quarter 2023 Results, Announces Quarterly Dividend

Retrieved on: 
Monday, August 7, 2023
Oil, Gas, Energy, Permian, Coterra, Atlas, Activity, Share repurchase, Sustainability reporting, Anadarko Basin, GAAP, Financial Accounting Standards Board, Public expenditure, Atkinson Center for a Sustainable Future, Nature, Natural gas, Progress Energy Inc, Webcast, BOE, Free cash flow, NYSE, Reinsurance, Bank, Holding company, Beauty salon, Commercial property

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported second-quarter 2023 financial and operating results.

Key Points: 
  • Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported second-quarter 2023 financial and operating results.
  • Common Dividend: On August 7, 2023, Coterra's Board of Directors (the "Board") approved a quarterly base dividend of $0.20 per share, which will be paid on August 31, 2023 to holders of record on August 17, 2023.
  • Coterra plans to publish its 2023 Sustainability Report in the fourth quarter of 2023.
  • Coterra will host a conference call tomorrow, Tuesday, August 8, 2023, at 9:00 AM CT (10:00 AM ET), to discuss second-quarter 2023 financial and operating results.

Dover Board Elects Danita K. Ostling as New Independent Director

Retrieved on: 
Thursday, August 3, 2023
Professional, EY, Citigroup, Financial Accounting Standards Board, Finance, DOV, Audit committee, Star Athletica, LLC v. Varsity Brands, Inc., Ernst, NYSE, Varsity Brands, Ernst & Young, Management

DOWNERS GROVE, Ill., Aug. 3, 2023 /PRNewswire/ -- Dover (NYSE: DOV) today announced that its Board of Directors has elected Danita K. Ostling as a new independent director effective immediately.

Key Points: 
  • DOWNERS GROVE, Ill., Aug. 3, 2023 /PRNewswire/ -- Dover (NYSE: DOV) today announced that its Board of Directors has elected Danita K. Ostling as a new independent director effective immediately.
  • Ms. Ostling's appointment increases the size of the Board to 10 directors, 9 of whom are independent directors.
  • Richard J. Tobin, Dover's President and Chief Executive Officer said, "We are pleased to welcome Danita Ostling to the Dover Board.
  • Her extensive experience working with large global organizations on accounting, auditing and regulatory matters will serve the Board and our management team well.

Compass Diversified Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Marucci Sports, Baseball, Use, BOA, World's oldest architectural practices continuously operating, Debt-to-GDP ratio, Milk Income Loss Contract Payments, GAAP, Financial Accounting Standards Board, EBITDA, PrimaLoft, Acquisition, Net income, Regulation S-K, Webcast, Earnings, Conference, NYSE, Regulation, Velocity, Fine chemical, Bookkeeping, Sales, Financial adviser, Video game, Security (finance), Music, Medical device, Series, Adjustment

“Our second quarter results were once again driven by the strength and diversification of CODI’s subsidiary businesses,” said Elias Sabo, CEO of Compass Diversified.

Key Points: 
  • “Our second quarter results were once again driven by the strength and diversification of CODI’s subsidiary businesses,” said Elias Sabo, CEO of Compass Diversified.
  • Net sales in the second quarter of 2023 were $524.2 million, up 2% compared to $515.6 million in the second quarter of 2022.
  • Niche industrial net sales decreased 7% in the second quarter of 2023 to $175.6 million compared to the second quarter of 2022.
  • Net income in the second quarter of 2023 was $17.1 million compared to $31.0 million in the second quarter of 2022.