NII Holdings

ScanSource Announces Appointment of Chief Legal Officer

Retrieved on: 
Thursday, February 23, 2023
Legal, Technology, Mobile, Wireless, Professional Services, Software, Networks, Internet, Hardware, Data Management, Corporate lawyer, Georgetown University Law Center, Telecommunications, SCSC, Corporation, Senior, Ethics, Smith, NII Holdings, University, College Park, Growth, University of Maryland, College Park, Shana, General counsel, Management, Journalism, Nextel Communications

ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Shana Cochrane Smith as Senior Executive Vice President and Chief Legal Officer.

Key Points: 
  • ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Shana Cochrane Smith as Senior Executive Vice President and Chief Legal Officer.
  • As Chief Legal Officer, Smith is responsible for driving ScanSource’s global corporate legal strategy, overseeing all legal aspects of the Company, and ensuring corporate compliance.
  • Smith will report to Mike Baur, Chairman and Chief Executive Officer, ScanSource, Inc.
    “Shana has an impressive background with extensive experience in the telecommunications industry, as well as in supporting multi-national, public companies,” said Baur.
  • “I’m thrilled to join ScanSource as Chief Legal Officer,” said Smith.

Teri Gendron named Chief Financial Officer of Markel Corporation

Retrieved on: 
Tuesday, February 7, 2023
MBA, University, Insurance, MKL, Investment, NII Holdings, NYSE, Humour, Gendron, Georgetown University, Accounting, Markel Corporation, Culture, Jefferies Financial Group, KPMG, Gannett, Justin Gayner, Growth, Treasury, Management

RICHMOND, Va., Feb. 7, 2023 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Teri Gendron will become its next Chief Financial Officer effective March 20, 2023, succeeding Jeremy Noble who became President of Markel's insurance operations earlier this year.

Key Points: 
  • RICHMOND, Va., Feb. 7, 2023 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Teri Gendron will become its next Chief Financial Officer effective March 20, 2023, succeeding Jeremy Noble who became President of Markel's insurance operations earlier this year.
  • Most recently, she was Chief Financial Officer of Jefferies Financial Group Inc., and she has also held senior finance positions at Gannett Co. and NII Holdings.
  • "We knew that it wouldn't be easy to find the right person for this role," said Markel Chief Executive Officer Tom Gayner.
  • As Chief Financial Officer, Gendron will work with leaders and teams across Markel's three engines of insurance, investments, and Markel Ventures to oversee and manage all aspects of the holding company's financial operations, including financial reporting, accounting, tax, treasury, and internal audit.

Teri Gendron named Chief Financial Officer of Markel Corporation

Retrieved on: 
Tuesday, February 7, 2023
MBA, University, Insurance, MKL, Investment, NII Holdings, NYSE, Humour, Gendron, Georgetown University, Accounting, Markel Corporation, Culture, Jefferies Financial Group, KPMG, Gannett, Justin Gayner, Growth, Treasury, Management

RICHMOND, Va., Feb. 7, 2023 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Teri Gendron will become its next Chief Financial Officer effective March 20, 2023, succeeding Jeremy Noble who became President of Markel's insurance operations earlier this year.

Key Points: 
  • RICHMOND, Va., Feb. 7, 2023 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Teri Gendron will become its next Chief Financial Officer effective March 20, 2023, succeeding Jeremy Noble who became President of Markel's insurance operations earlier this year.
  • Most recently, she was Chief Financial Officer of Jefferies Financial Group Inc., and she has also held senior finance positions at Gannett Co. and NII Holdings.
  • "We knew that it wouldn't be easy to find the right person for this role," said Markel Chief Executive Officer Tom Gayner.
  • As Chief Financial Officer, Gendron will work with leaders and teams across Markel's three engines of insurance, investments, and Markel Ventures to oversee and manage all aspects of the holding company's financial operations, including financial reporting, accounting, tax, treasury, and internal audit.

Appian Names Mark Matheos as Chief Financial Officer

Retrieved on: 
Monday, April 4, 2022
Sprint Corporation, Multimedia, Automation, CFO, NASDAQ, Mining, NII Holdings, APPN, AOL, Arch/Matheos, Process, CEO, Growth, Financial adviser, Civil engineering, Online shopping

MCLEAN, Va., April 4, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced the appointment of Mark Matheos to the position of Appian Chief Financial Officer, effective as of April 1, 2022.

Key Points: 
  • MCLEAN, Va., April 4, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced the appointment of Mark Matheos to the position of Appian Chief Financial Officer, effective as of April 1, 2022.
  • Mark Lynch retired as CFO, but is staying on as an Appian advisor through Q2 to ensure a smooth transition.
  • Matheos has more than 20 years of proven financial operations expertise, including over 5 years with Appian, serving most recently as Appian's Chief Accounting Officer.
  • Prior to joining Appian, Matheos worked at several public companies, including NII Holdings, AOL, and Sprint Nextel.

NII Holdings Issues Its 2020 Audited Financial Statements And Provides Update On Dissolution Matters

Retrieved on: 
Thursday, April 29, 2021
Regions of the United States, Companies, Geography of the United States, NII Holdings, Sprint Corporation, NII, DELAWARE, Liquidation, AT&T

b'RESTON, Va., April 29, 2021 /PRNewswire/ -- NII Holdings, Inc. ("NII" or the "Company") today issued its 2020 audited financial statements and provided an update on its dissolution.\nNII reported net assets in liquidation as of December 31, 2020 of $276.3 million ($2.64 per share), an increase of $0.9 million as compared to net assets in liquidation as of December 31, 2019 of $275.4 million.\nAs previously announced, on January 13, 2020, NII filed a certificate of dissolution with the Secretary of State of the State of Delaware.Further, on October 8, 2020, the Company filed a Verified Petition for Dissolution in the Court of Chancery of the State of Delaware (the "Delaware Court").In addition, on January 15, 2021, the Company filed a Motion for a Distribution to Stockholders and for Approval of Reserves (the "Motion") requesting that the Delaware Court enter an order granting NII\'s request to make an initial distribution of $161.0 million (approximately $1.54 per share) to the Company\'s stockholders and to establish a reserve of $125.7 million for the Company\'s remaining known claimants and potential future unknown claimants.\nOn March 22, 2021, the Delaware Court entered an Order Approving Notice and Certain Reserve Amounts and Barring Certain Claims (the "Order").

Key Points: 
  • b'RESTON, Va., April 29, 2021 /PRNewswire/ -- NII Holdings, Inc. ("NII" or the "Company") today issued its 2020 audited financial statements and provided an update on its dissolution.\nNII reported net assets in liquidation as of December 31, 2020 of $276.3 million ($2.64 per share), an increase of $0.9 million as compared to net assets in liquidation as of December 31, 2019 of $275.4 million.\nAs previously announced, on January 13, 2020, NII filed a certificate of dissolution with the Secretary of State of the State of Delaware.Further, on October 8, 2020, the Company filed a Verified Petition for Dissolution in the Court of Chancery of the State of Delaware (the "Delaware Court").In addition, on January 15, 2021, the Company filed a Motion for a Distribution to Stockholders and for Approval of Reserves (the "Motion") requesting that the Delaware Court enter an order granting NII\'s request to make an initial distribution of $161.0 million (approximately $1.54 per share) to the Company\'s stockholders and to establish a reserve of $125.7 million for the Company\'s remaining known claimants and potential future unknown claimants.\nOn March 22, 2021, the Delaware Court entered an Order Approving Notice and Certain Reserve Amounts and Barring Certain Claims (the "Order").
  • The Order approved the reserves set forth in the Motion, with the exception of the proposed $3 million reserve for potential unknown claims (the "Unknown Claims Reserve").On March 16, 2021, the Delaware Court entered a separate order appointing a guardian ad litem (the "Guardian") to represent the interests of potential unknown future claimants.The Guardian has been charged with investigating the nature and extent of possible unknown claims, evaluating the sufficiency of the Unknown Claims Reserve, and evaluating whether a period of time longer than five years after the date of dissolution should be used for evaluating potential unknown claims.If the Guardian determines that the Unknown Claims Reserve is adequate, then the Guardian will submit a recommendation to the Delaware Court to that effect.If the Guardian, determines that the Unknown Claims Reserve is inadequate, then the Guardian may negotiate with the Company regarding an adequate Unknown Claims Reserve.If the Guardian and the Company cannot reach agreement, then the Guardian will litigate the question of an Unknown Claims Reserve on behalf of the potential unknown claimants.\nWhile there can be no assurances with respect to the timing or outcome of the work conducted by the Guardian, all other reserves proposed in the Motion were approved by the Delaware Court in the Order, and therefore the Company expects to make an initial distribution once the Guardian\'s work is concluded and approved by the Delaware Court.\nFurthermore, the Delaware Court may require NII to withhold an aggregate amount of security in excess of the $3 million amount originally proposed by NII for the Unknown Claims Reserve.In addition, NII cannot predict the impact, if any, of theCovid-19pandemic on the timing of proceedings in the Delaware Court, and it is possible that delays could result.
  • There also can be no assurance as to the timing or amount of any additional distributions that NII may make as part of the dissolution process.\nBased on currently available information, NII currently estimates that the total amount of distributions will be between $2.14 and $2.65 per share.The low end of the range includes a reserve of $5.0 million for additional tax, accounting and legal costs, as well as potential personnel costs that may need to be incurred in connection with the dissolution process, and the $3.0 million Unknown Claims Reserve, which constitutes the Unknown Claims Reserve proposed by NII in the Motion, but remains subject to review by the Guardian and approval by the Delaware Court.The ultimate amount distributable to stockholders will depend on factors outside of NII\'s control, including, among other things, the amount of cash recovered from escrow amounts related to the sale of NII\'s operations in Mexico and Brazil and the amount that the Delaware Court ultimately determines is reasonably likely to be sufficient for the Unknown Claims Reserve, and could vary from NII\'s current estimates.\nMore information about these matters and the Company\'s financial condition can be found in the Company\'s 2020 audited financial statements.\n'

NII Holdings Files Petition For Dissolution

Retrieved on: 
Thursday, October 8, 2020
Companies, Business law, Business, English law, Insolvency, Delaware General Corporation Law, United States corporate law, Bankruptcy, NII Holdings, NII, Corporate law, AT&T

RESTON, Va., Oct. 8, 2020 /PRNewswire/ -- On October 8, 2020, in furtherance of its Plan of Complete Liquidation and Dissolution (the "Plan"), NII Holdings, Inc. ("NII", or the "Company") today announced that it filed a Verified Petition for Dissolution (the "Petition") in the Court of Chancery of the State of Delaware (the "Delaware Court").

Key Points: 
  • RESTON, Va., Oct. 8, 2020 /PRNewswire/ -- On October 8, 2020, in furtherance of its Plan of Complete Liquidation and Dissolution (the "Plan"), NII Holdings, Inc. ("NII", or the "Company") today announced that it filed a Verified Petition for Dissolution (the "Petition") in the Court of Chancery of the State of Delaware (the "Delaware Court").
  • The Petition was filed pursuant to the dissolution and claims process outlined in Section 280 of the General Corporation Law of the State of Delaware ("DGCL").
  • As detailed in the Petition, only one claimant has rejected the offer of security made by NII.
  • As specified in the Petition, NII has offered to hold $17.5 million in the Mexico Escrow for AT&T's potential contingent contractual claims.

NII Holdings Issues Mid-Year Financial Status And Provides Update On Dissolution Matters

Retrieved on: 
Monday, August 31, 2020
Economy, NII Holdings, Sprint Corporation, Business, Liability, NII, Net asset value, Accrual, Asset

RESTON, Va., Aug. 31, 2020 /PRNewswire/ --NII Holdings, Inc. ("NII") today issued its Statement of Net Assets in Liquidation as of June 30, 2020 and provided an update on its dissolution.

Key Points: 
  • RESTON, Va., Aug. 31, 2020 /PRNewswire/ --NII Holdings, Inc. ("NII") today issued its Statement of Net Assets in Liquidation as of June 30, 2020 and provided an update on its dissolution.
  • As of June 30, 2020, NII had net assets in liquidation of $272 million, or $2.61 per share, comprised of $167 million of unrestricted cash and $117 million of restricted cash, offset by current liabilities of $3 million and accrued liquidation costs of $9 million.
  • Accrued liquidation costs include all expected future operating expenses, offset by estimated interest income.
  • Based on currently available information, NII currently estimates that the total amount of distributions will be from $2.10 to $2.61 per share.

NII Holdings Issues Its 2019 Audited Financial Statement And Provides Update On Dissolution Matters

Retrieved on: 
Monday, May 11, 2020
NII Holdings, Sprint Corporation, NII, Companies, Reston, Virginia

RESTON, Va., May 11, 2020 /PRNewswire/ -- NII Holdings, Inc. ("NII" or the "Company") today issued its 2019 audited financial statement and provided an update on its dissolution.

Key Points: 
  • RESTON, Va., May 11, 2020 /PRNewswire/ -- NII Holdings, Inc. ("NII" or the "Company") today issued its 2019 audited financial statement and provided an update on its dissolution.
  • As previously announced, on January 13, 2020 NII filed a certificate of dissolution with the Secretary of the State of Delaware.
  • ("NIIH"), AI Brazil Holdings B.V. ("AI Brazil") and NII, as amended from time to time.
  • More information about these matters and the Company's financial condition can be found in the Company's 2019 audited financial statement.

NII Holdings Announces Closing Of Its Tender Offer For 4.25% Convertible Senior Notes Due 2023

Retrieved on: 
Thursday, March 5, 2020
Corporate finance, NII Holdings, Sprint Corporation, Companies, NII, Tender offer, Reston, Virginia, Security, Finance, Economy

RESTON, Va., March 5, 2020 /PRNewswire/ --NII Holdings, Inc. ("NII") today announced the closing of its previously announced tender offer (the "Tender Offer") to purchase up to $103.1 million aggregate principal amount of its outstanding 4.25% Convertible Senior Notes due 2023 (the "Notes") under which NII offered to pay, in cash, an amount equal to $1,090 per $1,000 principal amount of Notes purchased, plus accrued and unpaid interest from the last interest payment date on the Notes to, but not including, the date of payment for the Notes accepted in the Tender Offer.

Key Points: 
  • RESTON, Va., March 5, 2020 /PRNewswire/ --NII Holdings, Inc. ("NII") today announced the closing of its previously announced tender offer (the "Tender Offer") to purchase up to $103.1 million aggregate principal amount of its outstanding 4.25% Convertible Senior Notes due 2023 (the "Notes") under which NII offered to pay, in cash, an amount equal to $1,090 per $1,000 principal amount of Notes purchased, plus accrued and unpaid interest from the last interest payment date on the Notes to, but not including, the date of payment for the Notes accepted in the Tender Offer.
  • NII accepted for purchase all of these validly tendered Notes pursuant to the Tender Offer.
  • King & Co., Inc. served as the Information Agent and Depositary for the Tender Offer.
  • This press release shall not constitute an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell securities.

NII Holdings Announces Amendment of Purchase Price in Connection with its Tender Offer for 4.25% Convertible Senior Notes due 2023

Retrieved on: 
Tuesday, February 18, 2020
Corporate finance, Tender, Reston, Virginia, NII Holdings, Companies, NII

RESTON, Va., Feb. 18, 2020 /PRNewswire/ -- NII Holdings , Inc. (the "Company") today announced an increase in the purchase price in connection with its previously announced tender offer (the "Tender Offer") to purchase up to $103,100,000 aggregate principal amount of its outstanding 4.25% Convertible Senior Notes due 2023 (the "Notes").

Key Points: 
  • RESTON, Va., Feb. 18, 2020 /PRNewswire/ -- NII Holdings , Inc. (the "Company") today announced an increase in the purchase price in connection with its previously announced tender offer (the "Tender Offer") to purchase up to $103,100,000 aggregate principal amount of its outstanding 4.25% Convertible Senior Notes due 2023 (the "Notes").
  • The expiration date for the Tender Offer remains 11:59 p.m., New York City time, on March 4, 2020.
  • A copy of the Offer to Purchase, as supplemented, may be obtained from the Information Agent for the Tender Offer, D.F.
  • The Tender Offer will be made solely by the Offer Documents and related materials, as they may be amended or supplemented.