TSR

Institutional Investors Express Support For Trian’s Candidates at Disney

Retrieved on: 
Monday, April 1, 2024
Failure, TSR, Coca-Cola, Telephone, Avon Products, CalPERS, Compensation, ISS, Egan-Jones Ratings Company, Nomination, Magic, Management

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE: DIS), today announced that two respected institutional investors, the California Public Employees' Retirement System (CalPERS), the country’s largest public pension fund, and Neuberger Berman, a global asset manager, have expressed their support for both of Trian’s nominees, Nelson Peltz and Jay Rasulo, in connection with Disney’s annual meeting, which is scheduled to be held this Wednesday, April 3, 2024.

Key Points: 
  • Two new directors who are qualified and capable of leading needed change in corporate governance will serve the Disney board well.
  • Despite recent improvements, in our opinion, the deficiencies of the board that ultimately led to the failed 2020 succession endeavor and related consequences remain.
  • [W]e believe these succession planning challenges have impacted business continuity and distracted from business performance.”10
    Other investors and independent proxy advisory firms have also indicated their support for Nelson Peltz and Trian.
  • Trian commented on the votes and recommendations from these influential investors and research firms:
    While Disney has touted the endorsements15 of its service providers16 and advisors,17 we are pleased to have earned the support of independent, respected institutional investors and proxy advisory firms.

Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC)

Retrieved on: 
Wednesday, March 27, 2024
Construction, Artillery, TSR, NAPC, Treasure, Law enforcement, Acquisition, Native, BLIS, Kingdom, LOI, Corner Shot, SWAT, See, Private law, Calendar, Defense, Government

The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.

Key Points: 
  • The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.
  • Another merger requirement was that NAPC would accept little or no debt from BLIS.
  • It is expected that asset sales from BLIS will be enough to pay merger and accounting costs.
  • In return, NAPC has agreed to favorable terms with BLIS shareholders providing about a third of the company stays with current BLIS shareholders.

SilverBow Resources Announces Filing of Definitive Proxy Statement and Mails Letter to Shareholders

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Finance, TSR, Letter, Risk management, ALL, Annual general meeting, History, Strategic planning, Acquisition, XOP, Eagle Ford, Dallas, KTG, Chevron Corporation, Audit committee, Management

In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.

Key Points: 
  • In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.
  • Kimmeridge is pursuing a proxy fight to further its attempt to gain control of the Company and force a combination between SilverBow and KTG on terms that are unfavorable to SilverBow shareholders.
  • The full text of the letter follows:
    The SilverBow Resources, Inc. (“SilverBow” or the “Company”) Board of Directors (the “Board”) and management team are committed to maximizing shareholder value.
  • Since early 2023, SilverBow has added four new independent directors to our Board, while significantly increasing the Board’s diversity.

DFIN Completes Its First Test Filing Ahead of Tailored Shareholder Reports Deadline

Retrieved on: 
Tuesday, April 9, 2024
TSR, Risk, DFIN, Donnelley Financial Solutions, File, Security (finance)

CHICAGO, April 9, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, today announced it has met a critical milestone in advance of the July 24 compliance deadline for the Tailored Shareholder Reports (TSR) rule.

Key Points: 
  • CHICAGO, April 9, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, today announced it has met a critical milestone in advance of the July 24 compliance deadline for the Tailored Shareholder Reports (TSR) rule.
  • The SEC adopted the TSR regulation as part of its continued effort to modernize and simplify shareholder communications.
  • It requires significant changes to both the content and the presentation of information to create standardized and visually engaging shareholder reports.
  • "This successful iXBRL tagged N-CSR/TSR test filing demonstrates our leadership in the industry and commitment to deliver a streamlined solution for a complex regulation.

Zuma Capital Management Nominates Five Highly Qualified, Independent Director Candidates at Presidio Property Trust

Retrieved on: 
Wednesday, March 13, 2024
Centurion, Resort, Letter, Spinal muscular atrophies, Exercise, Warrant, Trust, Telecommunications, Private law, Employment, TSR, WHEN, International, Compensated emancipation, Common stock, Research, Senior counsel, Security (finance), Retirement, UPON, Fear, Principal, PC, Assistant, Shareholder, Total shareholder return, Common, Capital, Highfields Capital Management, Axos Bank, Partner, WEB

ATLANTA, March 13, 2024 (GLOBE NEWSWIRE) -- Zuma Capital Management, LLC, which owns approximately 7.7% of the outstanding shares of the Series A Common Stock of Presidio Property Trust, Inc. (NASDAQ: SQFT) (“Presidio” or the “Company”), today issued a public letter to the Company’s stockholders announcing its nomination of five highly qualified, independent candidates; Reuben Berman, Stefani Carter, Vito Garfi, Brent Morrison and Elena Piliptchak, for election to the Company’s Board of Directors at the Company’s 2024 Annual Meeting of Stockholders.

Key Points: 
  • Learn more about Zuma Capital Management, LLC’s director candidates by visiting www.SavePresidio.com, where stockholders can download a copy of our letter and sign up for future updates on Zuma Capital Management’s campaign for boardroom change.
  • We have nominated five highly qualified, independent candidates for election to the Board, who have strong experience in commercial real estate, corporate governance and capital allocation.
  • 2 Source: Morningstar (as of March 12, 2024) and Zuma Capital Management Internal Estimates.
  • 3 Source: Morningstar (as of March 12, 2024) and Zuma Capital Management Internal Estimates.

Current shareholder and former institutional portfolio manager, Nilesh Undavia, issues an open letter to GrafTech International Ltd. Shareholders

Retrieved on: 
Tuesday, March 12, 2024
Carbon, ACT, TSR, CFO, ALL, Tokai Carbon, IPO, HIS, Adjustment, UNIT, GrafTech, Skin, Proxy, DIRECT, WHO, ABLE, USD, Management

Since 2019 (the first full year after the IPO), GrafTech’s Revenue has declined by 65% and Adjusted EBITDA has collapsed by 98%.

Key Points: 
  • Since 2019 (the first full year after the IPO), GrafTech’s Revenue has declined by 65% and Adjusted EBITDA has collapsed by 98%.
  • Yet, the Board and management appear to have no credible strategy or plan to address the underlying failures of the core business.
  • Currently, the board has only one director out of seven total members1, with outside experience in the steel industry that GrafTech serves.
  • All of the remaining board members appear to lack relevant and transferrable expertise specific to GrafTech.

Companies With Advanced Cybersecurity Performance Deliver Nearly Four Times’ Higher Shareholder Return Than Their Peers, According to Diligent and Bitsight

Retrieved on: 
Tuesday, March 26, 2024
Networks, Security, Data Management, Technology, Software, Health, Organization, TSR, Pressure, Risk management, Landstar System, Risk, Diligence, Research, CISO, Banco Santander, Medical device

Companies with advanced cybersecurity performance create 372% higher shareholder return compared to their peers with basic cybersecurity performance, according to a new report from Diligent and Bitsight .

Key Points: 
  • Companies with advanced cybersecurity performance create 372% higher shareholder return compared to their peers with basic cybersecurity performance, according to a new report from Diligent and Bitsight .
  • In the “ Cybersecurity, Audit and the Board ” report, Diligent and Bitsight analyzed more than 4,000 mid to large-cap companies in public indices globally.
  • Companies with a higher number of independent directors are more likely to have advanced security ratings.
  • Of the companies with advanced security performance ratings, 33% came from the financial services sector, with an average rating of 720.

Tomorrow drives Mercedes-Benz: Full commitment to sustainable business strategy goes far beyond products

Retrieved on: 
Wednesday, March 20, 2024
Environmental, Social and Governance (ESG), Automotive Manufacturing, Manufacturing, Sustainability, Alternative Vehicles, Fuels, Recycling, EV, Electric Vehicles, Professional Services, Recreational Vehicles, Performance & Special Interest, Environment, Off-Road Trucks & SUVs, Environmental Health, Automotive, Vehicle Technology, Community, AG, Mercedes-Benz, Wind, Carbon, Mercedes-Benz Group, Raw, Climate change mitigation, Workplace, Legislation, Concept, TSR, Solar energy, Novelis, Partnership, Policy, Nucor, Woman, CO2, EAF, Electricity, Risk management, Integrity, Digital, Safety, ESG, AI, Just transition, Plant, Steel Dynamics, Public sector, Car, Sindelfingen, Family, IAA, Conference, Growth, MMA, Steel, XEV, Female, Organic

Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business.

Key Points: 
  • Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business.
  • Therefore, Mercedes-Benz drives a Just Transition as an integral part of its sustainable business strategy with a focus on people, human rights, as well as its policy engagement.
  • Sustainable finance is a core aspect of the Mercedes-Benz sustainable business strategy.
  • The basis for this is the sustainable business strategy of the Mercedes‑Benz Group.

Reynolds Consumer Products Hosts 2024 Investor Day

Retrieved on: 
Monday, March 18, 2024
Retail, Home Goods, Supermarket, TSR, Growth, CFO, Acquisition, Reynolds Group Holdings, Cryptocurrency

Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) will host its 2024 Investor Day tomorrow, March 19, 2024, in New York City at 8:30am ET.

Key Points: 
  • Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) will host its 2024 Investor Day tomorrow, March 19, 2024, in New York City at 8:30am ET.
  • The Reynolds Consumer Products 2024 Investor Day will feature presentations from key members of the leadership team, providing in-depth discussions on the Company’s strategic priorities, financial objectives and long-term goals.
  • Scott Huckins, CFO, will review the Reynolds Consumer Products financial algorithm, capital allocation framework, and total shareholder return (TSR) drivers.
  • Additionally, Reynolds Consumer Products is reaffirming guidance for the first quarter and full year 2024.

Correction: Notice to attend the Annual General Meeting of Vitrolife AB (publ)

Retrieved on: 
Thursday, April 4, 2024
Remuneration, Annual, Annual report, TSR, Motivation, Social Security, Welfare, Euroclear, AGM, LTIP, A.5, Subsidiary, Leaver, Treasury, Swedish, Election Committee (Hong Kong), Nasdaq Stockholm, Security (finance)

GOTHENBURG, Sweden, April 4, 2024 /PRNewswire/ -- The shareholders of Vitrolife AB (publ), corporate identity number 556354-3452 (`the Company') are hereby invited to attend the Annual General Meeting of shareholders on Thursday 25 April 2024 at 4.00 pm at the Elite Park Avenue Hotel, Kungsportsavenyn 36-38 in Gothenburg, Sweden. The entrance opens at 3.30 pm.

Key Points: 
  • Allotment of Performance Shares within LTIP 2024 will be made during a limited period of time following the Annual General Meeting 2027.
  • Performance Shares will be allotted if the average annual TSR is at least 7.5 percent (the minimum level).
  • The intention is that the Board shall launch LTIP 2024 as soon as practically possible after the Annual General Meeting.
  • Resolutions resolved upon by the Annual General Meeting 2024 shall not be included in a re-calculation of the number of shares.