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Griffon Corporation Declares Quarterly Dividend

Retrieved on: 
Thursday, November 17, 2022

The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.10 per share.

Key Points: 
  • The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.10 per share.
  • The dividend is payable on December 16, 2022, to shareholders of record as of the close of business on November 29, 2022.
  • Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures.

Griffon Confirms Strategic Alternatives Process is Ongoing

Retrieved on: 
Thursday, October 6, 2022

In response to shareholder inquiries, Griffon Corporation (Griffon or the Company) (NYSE:GFF) today said that its strategic alternatives process is active and ongoing.

Key Points: 
  • In response to shareholder inquiries, Griffon Corporation (Griffon or the Company) (NYSE:GFF) today said that its strategic alternatives process is active and ongoing.
  • The Committee on Strategic Considerations, a committee comprised of independent directors who serve on Griffons Board, is overseeing the process.
  • As previously announced, the Board is reviewing a comprehensive range of strategic alternatives to maximize shareholder value, including a sale, merger, divestiture, recapitalization or other strategic transaction.
  • In support of the ongoing strategic alternatives process, the Board has determined that Griffons 2023 annual meeting of shareholders (the 2023 Annual Meeting) will be held on March 15, 2023, approximately one month later than the Companys last annual meeting of shareholders.

Griffon Corporation Declares Quarterly Dividend

Retrieved on: 
Thursday, July 28, 2022

The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.09 per share.

Key Points: 
  • The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.09 per share.
  • The dividend is payable on September 15, 2022 to shareholders of record as of the close of business on August 18, 2022.
  • Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures.

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

Retrieved on: 
Monday, June 27, 2022

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

Retrieved on: 
Monday, June 27, 2022

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.

Griffon Corporation Announces Review of Strategic Alternatives

Retrieved on: 
Monday, May 16, 2022

Griffon Corporation (Griffon or the Company) (NYSE:GFF) today announced that its Board of Directors has initiated a process to review a comprehensive range of strategic alternatives to maximize shareholder value including a sale, merger, divestiture, recapitalization or other strategic transaction.

Key Points: 
  • Griffon Corporation (Griffon or the Company) (NYSE:GFF) today announced that its Board of Directors has initiated a process to review a comprehensive range of strategic alternatives to maximize shareholder value including a sale, merger, divestiture, recapitalization or other strategic transaction.
  • Griffon has retained Goldman Sachs & Co. LLC as its financial advisor and Dechert LLP as its legal counsel to assist in the review process.
  • Given this disconnect, the Board and management believe it is necessary to consider a review of alternatives, with a focus on maximizing near-term shareholder value creation.
  • Griffon does not intend to comment on the process or disclose further developments until the Board approves a specific transaction or otherwise concludes its review of strategic alternatives.

Griffon Corporation Declares Quarterly Dividend

Retrieved on: 
Thursday, April 28, 2022

The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.09 per share.

Key Points: 
  • The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.09 per share.
  • The dividend is payable on June 16, 2022 to shareholders of record as of the close of business on May 19, 2022.
  • Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures.

Griffon Corporation Schedules Conference Call To Discuss Second Quarter 2022 Financial Results

Retrieved on: 
Thursday, April 21, 2022

Griffon Corporation (Griffon or the Company) (NYSE: GFF) today announced it will release the Companys fiscal second quarter results on Thursday, April 28, 2022, followed by a conference call at 8:30 AM ET.

Key Points: 
  • Griffon Corporation (Griffon or the Company) (NYSE: GFF) today announced it will release the Companys fiscal second quarter results on Thursday, April 28, 2022, followed by a conference call at 8:30 AM ET.
  • Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 13729126.
  • Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures.

Griffon Corporation to Sell Telephonics Corporation to TTM Technologies for $330 Million

Retrieved on: 
Monday, April 18, 2022

Griffon Corporation (Griffon or the Company) (NYSE:GFF) has entered into a definitive agreement to sell Telephonics Corporation (Telephonics) to TTM Technologies, Inc. (TTM) (NASDAQ:TTMI) for $330 million in cash.

Key Points: 
  • Griffon Corporation (Griffon or the Company) (NYSE:GFF) has entered into a definitive agreement to sell Telephonics Corporation (Telephonics) to TTM Technologies, Inc. (TTM) (NASDAQ:TTMI) for $330 million in cash.
  • We appreciate Telephonics long heritage as a part of Griffon, and we are confident the business will flourish as part of TTM.
  • Lazard is acting as financial advisor to Griffon for this transaction, and Dechert LLP is acting as Griffons legal counsel.
  • J.P. Morgan is acting as exclusive financial advisor to TTM, and OMelveny & Myers LLP is acting as TTMs legal counsel.

Griffon Corporation Announces Preliminary Results of 2022 Annual Meeting

Retrieved on: 
Thursday, February 17, 2022

Griffon Corporation (NYSE: GFF) (Griffon or the Company) today announced that, based on a preliminary vote count by its proxy solicitor, shareholders have voted to elect three of the Griffon Board of Directors nominees Michelle Taylor, Louis Grabowsky and Cheryl Turnbull and one of Voss Capitals nominees H.C. Charles Diao at this years Annual Meeting of Shareholders.

Key Points: 
  • Griffon Corporation (NYSE: GFF) (Griffon or the Company) today announced that, based on a preliminary vote count by its proxy solicitor, shareholders have voted to elect three of the Griffon Board of Directors nominees Michelle Taylor, Louis Grabowsky and Cheryl Turnbull and one of Voss Capitals nominees H.C. Charles Diao at this years Annual Meeting of Shareholders.
  • The company continues to expect it will deliver a strong Fiscal 2022, including margin expansion and incremental contributions from Hunter Fan Company.
  • Further details regarding the results of the 2022 Annual Meeting will be included in a Current Report on Form 8-K that Griffon will file with the Securities and Exchange Commission within four business days.
  • Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries.