Trustee

JCP&L President Jim Fakult Receives Awards from Morris Habitat for Humanity and ROI-NJ

Retrieved on: 
Friday, February 23, 2024

HOLMDEL, N.J., Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat for Humanity's Community Partner Award for 2024.

Key Points: 
  • HOLMDEL, N.J., Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat for Humanity's Community Partner Award for 2024.
  • Since 2019, the FirstEnergy Foundation has donated more than $23,000 to Morris Habitat for Humanity.
  • Additionally, Fakult has been named to ROI-NJ's Influencers Power List for 2024, earning the 17th spot on the list's Super 60 .
  • Jim Fakult, President of JCP&L: "I am deeply appreciative of both the Morris Habitat for Humanity and ROI-NJ for these honors.

AMH Announces CEO Succession Plan

Retrieved on: 
Thursday, February 22, 2024

LAS VEGAS, Feb. 22, 2024 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced that David P. Singelyn, who has served as Chief Executive Officer since the Company's inception, has announced his intent to retire effective December 31, 2024.  The Company's Board of Trustees has named Bryan Smith, the Company's Chief Operating Officer, as the next Chief Executive Officer effective January 1, 2025.  Subsequently, Mr. Singelyn will serve as an advisor through June 2025.

Key Points: 
  • AMH Announces Bryan Smith to Succeed David P. Singelyn as Chief Executive Officer
    LAS VEGAS, Feb. 22, 2024 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced that David P. Singelyn, who has served as Chief Executive Officer since the Company's inception, has announced his intent to retire effective December 31, 2024.
  • In addition, the Board has promoted Christopher C. Lau, the Company's Chief Financial Officer, to the elevated role of Senior Executive Vice President.
  • "I am excited to serve as AMH's next CEO and would like to thank Dave for his mentorship and guidance," said Mr. Smith.
  • I look forward to continuing to benefit from Dave's insights as CEO in the coming months."

Lumen strengthens technology transformation with new board appointment

Retrieved on: 
Thursday, February 22, 2024

DENVER, Feb. 22, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced the appointment of Diankha Linear to its board of directors, effective immediately. 

Key Points: 
  • DENVER, Feb. 22, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced the appointment of Diankha Linear to its board of directors, effective immediately.
  • "Diankha's broad range of experience in technology, military leadership, logistics, and retail will be invaluable to the Lumen board.
  • She serves on the Board of Directors for Community, Inc., the Board of Trustees for Swedish Health Systems, and Board of Directors of the not-for-profit college access and leadership development program, Rainier Scholars.
  • The appointment brings the company's board count from 11 to 12.

MainStreet Bank Appoints Ali Manouchehri to Board of Directors

Retrieved on: 
Thursday, February 22, 2024

FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank.

Key Points: 
  • FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares , Inc. (Nasdaq: MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank.
  • "MainStreet Bank has made significant investments in technology initiatives to position the Bank to capitalize on opportunities in an era of rapid technology change," Manouchehri said.
  • "I'm excited to be part of this visionary board of directors as we map a course into the future."
  • Manouchehri is a member of the board of directors of the Professional Services Council (PSC), which advocates for the government services sector.

GETZLER HENRICH NAMES JOHN D. BAUMGARTNER MANAGING DIRECTOR IN HOUSTON OFFICE

Retrieved on: 
Wednesday, February 21, 2024

He has advised debtors, senior lenders, mezzanine lenders, trustees, and unsecured creditors of companies in industries that include oil and gas, healthcare, energy services, power and utilities, retail gas marketing, retail power marketing, midstream energy companies, real estate, web hosting/e-commerce, transportation, and retail services. He serves in interim management roles-- as a Chief Restructuring Officer and Interim Chief Financial Officer- - as well as fiduciary roles for post-confirmation trusts.  He also serves as a consulting and testifying expert, primarily related to insolvency litigation. 

Key Points: 
  • NEW YORK , Feb. 21, 2024 /PRNewswire/ -- John D. Baumgartner has joined Getzler Henrich & Associates LLC, ( getzlerhenrich.com ), one of the nation's oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director and Head of the firm's Houston office.
  • In announcing Mr. Baumgartner joining Getzler Henrich, Joel I. Getzler, Co-Chairman of Getzler Henrich, said, "We are pleased to welcome John to lead the Houston office.
  • William H. Henrich, Co-Chairman of Getzler Henrich continued, "Houston and the many industries John serves, including oil and gas, energy services, power and utilities and retail gas marketing, are especially important growth opportunities for Getzler Henrich.
  • As a distinguished turnaround and operations improvement leader well-entrenched in the Houston market, we are thrilled to add John to our team.

T. ROWE PRICE UNVEILS 'THE POWER OF CURIOSITY'

Retrieved on: 
Tuesday, February 20, 2024

BALTIMORE, Feb. 20, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ – GS: TROW) announced that it has launched a new global branding program today to highlight its renowned capabilities as one of the world's premier asset management firms. Called "The Power of Curiosity," the program conveys how active questioning conducted by investment professionals drives more informed insights that can better enhance the investment process. At the same time, the program underscores how these insights, supported by more than 85 years of investment culture and experience at T. Rowe Price, reflect the independent thinking that characterizes the firm's investment professionals while demonstrating how the investment approach can benefit investors.

Key Points: 
  • Through "The Power of Curiosity" creative platform, T. Rowe Price is investing in a bold campaign it hopes will improve audiences' awareness and consideration of its investment capabilities and help them differentiate T. Rowe Price from other investment managers.
  • T. Rowe Price has been such a partner for decades, though typically we have been somewhat reserved in publicly highlighting the company's many strengths.
  • T. Rowe Price has also introduced a sleeker, more modern look for its longtime bighorn sheep symbol, affectionately known within the firm as Trusty .
  • T. Rowe Price partnered with Digitas NY, a marketing agency, to develop the campaign, and Assembly , a media agency, to develop the activation plan.

Mesa Royalty Trust Announces Trust Income for February 2024

Retrieved on: 
Friday, February 16, 2024

Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of February 2024.

Key Points: 
  • Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of February 2024.
  • Unitholders of record on February 29, 2024 will receive distributions amounting to $0.008739141 per unit, payable on April 30, 2024.
  • No income was received in February 2024 from any other working interest owner.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.

Granite REIT Declares Distribution for February 2024

Retrieved on: 
Friday, February 16, 2024

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of February 2024.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of February 2024.
  • The distribution will be paid by Granite on Friday, March 15, 2024 to stapled unitholders of record at the close of trading on Thursday, February 29, 2024.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of February 29, 2024, pursuant to United States Treasury Regulation Section 1.1446-4.

HUGOTON ROYALTY TRUST DECLARES NO FEBRUARY CASH DISTRIBUTION

Retrieved on: 
Friday, February 16, 2024

However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.

Key Points: 
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.1 million underlying ($7.3 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.
  • For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.hgt-hugoton.com .

School of the Art Institute of Chicago Announces Jiseon Lee Isbara as Next President

Retrieved on: 
Friday, February 16, 2024

CHICAGO, Feb. 16, 2024 /PRNewswire/ -- The School of the Art Institute of Chicago (SAIC), a leader in art and design education, today announced Jiseon Lee Isbara as the School's next president, completing a successful national search. Jiseon, who currently serves as the provost of Otis College of Art and Design in Los Angeles, will step into the role that will be vacated by Elissa Tenny upon her retirement.

Key Points: 
  • CHICAGO, Feb. 16, 2024 /PRNewswire/ -- The School of the Art Institute of Chicago (SAIC), a leader in art and design education, today announced Jiseon Lee Isbara as the School's next president, completing a successful national search.
  • Jiseon, the second woman to serve as president in SAIC's 158-year history, comes to the School with extensive experience in higher education and the arts.
  • "SAIC is composed of a community of diverse people, philosophies, pedagogies, and goals, and I am honored to serve as the School's next president," said Jiseon.
  • "I am so thrilled that Jiseon will serve as the next president of the School of the Art Institute of Chicago," said Board of Trustees Chair Denise B. Gardner.