Weather

Kim Adams returns to Local 4 News

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Tuesday, June 28, 2022
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DETROIT, June 27, 2022 /PRNewswire/ -- Former Local 4 News Meteorologist Kim Adams will rejoin WDIV as a meteorologist on all of our station's main content platforms -- Local 4 News on television, the station website clickondetroit.com, and the station's streaming channel Local 4+, it was announced today by WDIV Vice President and General Manager Bob Ellis. Adams will start these new roles beginning August 8. 

Key Points: 
  • Adams previously served as Meteorologist on Local 4 most recently in 2009, when she left the station to become a full-time mother of her five children.
  • "We're thrilled to have Kim returning to the Local 4 team," said News Director Kim Voet.
  • Teamed with Paul Gross, Andrew Humphrey, Brandon Roux, and Brett Collar, Adams will help sharpen the station's focus on covering local weather under the station's new weather brand, 4 Warn Weather.
  • With Kim back home at WDIV we're putting more "Local" in Local 4 and we'll have additional announcements coming about plans for more special events and coverage of local weather.

HP Announces Commencement of Exchange Offer and Consent Solicitation for Plantronics Notes

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Monday, June 27, 2022
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For the avoidance of doubt, unless the Exchange Offer is amended, in no event will any holder of Poly Notes receive more than $1,000 aggregate principal amount of HP Notes for each $1,000 aggregate principal amount of Poly Notes accepted for exchange.

Key Points: 
  • For the avoidance of doubt, unless the Exchange Offer is amended, in no event will any holder of Poly Notes receive more than $1,000 aggregate principal amount of HP Notes for each $1,000 aggregate principal amount of Poly Notes accepted for exchange.
  • The Exchange Offer and Consent Solicitation is being made pursuant to the terms and subject to the conditions set forth in the confidential exchange memorandum and consent solicitation statement dated June 27, 2022 (the Offering Memorandum and Consent Solicitation Statement), and is conditioned upon, among other things, the closing of the Acquisition.
  • No accrued and unpaid interest is payable upon acceptance of any Poly Notes in the Exchange Offer and Consent Solicitation.
  • The complete terms and conditions of the Exchange Offer and Consent Solicitation are described in the Offering Memorandum and Consent Solicitation Statement, copies of which may be obtained by contacting D.F.

Fireweed Provides Update on Name Change to ‘Fireweed Metals Corp.’

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Monday, June 27, 2022
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Fireweed will continue to trade under the same symbol FWZ on the TSX Venture Exchange and the number of shares outstanding will not change.

Key Points: 
  • Fireweed will continue to trade under the same symbol FWZ on the TSX Venture Exchange and the number of shares outstanding will not change.
  • About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development.
  • Gayna River Zinc-Gallium-Germanium Project: Fireweed has 100% of the 128.75km2 Gayna River project located 180 kilometres north of the Macmillan Pass project.
  • The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

UFP Industries acquires a 50 percent stake in Dempsey Wood Products, LLC, providing additional industrial wood sourcing capacity to support growth

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Monday, June 27, 2022
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The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

Key Points: 
  • The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.
  • Founded in 1988 by Ronald Dempsey, Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and other industrial wood products from a single location in Orangeburg, South Carolina.
  • Dempsey had 2021 sales of $68.9 million, and its management team, including Ronald Dempsey and his son, Parker Dempsey, will continue in management roles.
  • In 2021, five of Dempseys 10 largest customers were UFP affiliates, and nearly 40 other UFP locations could be served by Dempsey.

Griffon Corporation Declares $2.00 per Share Special Dividend and Announces Debt Repayment

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Monday, June 27, 2022
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The Board of Directors of Griffon Corporation (NYSE:GFF) (the Company or Griffon) has declared a special cash dividend of $2.00 per share payable on July 20, 2022 to shareholders of record as of the close of business on July 8, 2022.

Key Points: 
  • The Board of Directors of Griffon Corporation (NYSE:GFF) (the Company or Griffon) has declared a special cash dividend of $2.00 per share payable on July 20, 2022 to shareholders of record as of the close of business on July 8, 2022.
  • The special dividend, combined with the three $0.09 quarterly dividends announced earlier this fiscal year, will result in total fiscal 2022 dividends paid of $2.27 per share through July 20, 2022.
  • Funding for the special dividend and the Term Loan B principal repayment will be provided from the proceeds of the sale of Telephonics and the Companys free cash flow.
  • With the closing of the sale of Telephonics, we are immediately returning capital to shareholders through this special $2 per share dividend, said Ronald J. Kramer, Griffons Chairman and Chief Executive Officer.

Griffon Corporation Completes Sale of Telephonics Corporation to TTM Technologies

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Monday, June 27, 2022
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Griffon Corporation (Griffon or the Company) (NYSE:GFF) completed the sale of Telephonics Corporation (Telephonics) to TTM Technologies, Inc. (TTM) (NASDAQ:TTMI) for $330 million in cash, subject to certain post-closing adjustments.

Key Points: 
  • Griffon Corporation (Griffon or the Company) (NYSE:GFF) completed the sale of Telephonics Corporation (Telephonics) to TTM Technologies, Inc. (TTM) (NASDAQ:TTMI) for $330 million in cash, subject to certain post-closing adjustments.
  • Telephonics has been a part of Griffon for more than sixty years.
  • We are proud of their accomplishments and confident the business will flourish as a part of TTM.
  • Lazard acted as financial advisor to Griffon for this transaction, and Dechert LLP acted as Griffons legal counsel.

Statement from Brian Sarisky, Senior Vice President, Chief Underwriting Officer, Commercial Lines, Selective Insurance, on Insurance Awareness Day and Coverage for Small Businesses

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Monday, June 27, 2022
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BRANCHVILLE, N.J., June 27, 2022 /PRNewswire/ -- June 28 is National Insurance Awareness Day, an ideal time for business owners to review their insurance policies and ensure they provide appropriate protection. For many small business owners, their business offers more than just a livelihood for themselves and their employees – it also represents their dedication and passions. Protecting it from unexpected loss is critical.

Key Points: 
  • Of those that do, the study also found that almost half (49%) do not completely understand what their business insurance policy covers.
  • There's no better time than the present for business owners to ensure they have the right coverage for their unique business.
  • BRANCHVILLE, N.J., June 27, 2022 /PRNewswire/ -- June 28 is National Insurance Awareness Day, an ideal time for business owners to review their insurance policies and ensure they provide appropriate protection.
  • A study by Selective Insurance and The Harris Poll found that two in five business owners (38%) don't fully understand their insurance coverage.

Storm Guard Looks to Expand with Franchisees in Oklahoma

Retrieved on: 
Monday, June 27, 2022
Storm, Tornado, Insurance, The Oklahoman, Pacific typhoon season, Multimedia, Lynch, Lists of disasters, Weather, Restaurant, Sand

FORT WORTH, Texas, June 27, 2022 /PRNewswire/ -- Storm Guard – America's largest roofing and construction franchise– is taking strides to bring its essential home restoration services to the extreme storm state of Oklahoma. Having some of the most unpredictable and severe weather in the country, Storm Guard's services are a necessity in this area, making it the perfect market for franchise development. The brand currently has 38 franchise locations and is looking to add 100 franchise locations in the next five years, with Oklahoma being on the list of states they want to expand in. Storm Guard is searching for franchise partners for 2 territories in Tulsa and 3 territories in Oklahoma City.

Key Points: 
  • FORT WORTH, Texas, June 27, 2022 /PRNewswire/ -- Storm Guard America's largest roofing and construction franchise is taking strides to bring its essential home restoration services to the extreme storm state of Oklahoma.
  • Storm Guard is searching for franchise partners for 2 territories in Tulsa and 3 territories in Oklahoma City.
  • "With hot temperatures, tornadoes, hail, and dangerous spring storms that Oklahoma receives, it's clear that our services are a necessity," stated Shane Lynch, President of Storm Guard.
  • About Storm Guard:Founded in 2003, Storm Guard saw the demand for a company that specializes in roofing and construction.

Minister of Transport announces new measures to address extreme weather and climate change impacts on rail infrastructure

Retrieved on: 
Monday, June 27, 2022
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Today, the Minister of Transport, the Honourable Omar Alghabra, announced two new rail safety measures.

Key Points: 
  • Today, the Minister of Transport, the Honourable Omar Alghabra, announced two new rail safety measures.
  • One focuses on railway-related fire prevention, while the other improves the resiliency of Canada's railway infrastructure against climate change impacts, such as flooding, landslides, and fire risks.
  • The Rail Climate Change Adaptation Program will provide up to $2.2M in contribution funding to Canadian railways to cost-share research.
  • At the same time, the new Rail Climate Change Adaption Program will help railways assess and adopt next generation tools to mitigate adverse issues caused by climate change."

PGT Innovations acknowledged with Large Business Award

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Monday, June 27, 2022
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PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, recently received the Large Business Award from The Greater Sarasota Chamber of Commerce during its 32nd annual Frank G. Berlin, Sr. Small Business Awards .

Key Points: 
  • PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, recently received the Large Business Award from The Greater Sarasota Chamber of Commerce during its 32nd annual Frank G. Berlin, Sr. Small Business Awards .
  • View the full release here: https://www.businesswire.com/news/home/20220627005558/en/
    Don Vichitvongsa, Vice President of Operations for PGT Innovations Tampa facility, accepting the Large Business Award at the 32nd annual Frank G. Berlin, Sr. Small Business Awards (Photo: Business Wire)
    Held on June 17, the event honored 27 businesses across nine categories.
  • The other Small Business Awards categories were Medium Business, Small Business, Community Impact, Minority Business, Non-Profit, Rising Star, Woman-Owned Business, and Workforce Development and Innovation.
  • Its a great honor to be recognized with this award, said Jeff Jackson, President and CEO of PGT Innovations.