MKT | Jotup

MKT Capital Pleased with Aurinia’s Commencement of a Strategic Review Process

Retrieved on:

Thursday, July 6, 2023

Other Professional Services, Professional Services, Finance, Sale, MKT, Capital, Merrell Dow Pharmaceuticals Inc. v. Thompson, Management, Aurinia

“We are pleased Aurinia has embraced our feedback and initiated a review of strategic alternatives.

Key Points:

“We are pleased Aurinia has embraced our feedback and initiated a review of strategic alternatives.
We are supportive of a reconstituted Board running a comprehensive process, which considers the long-term potential of the LUPKYNIS drug, to maximize value for all shareholders.
MKT Capital has identified a highly qualified director candidate to fill one of the vacancies and we look forward to privately engaging with the Board regarding the candidacy as part of the director search process.
From our perspective, it is imperative there are shareholder-designated directors in the boardroom to help oversee a credible, comprehensive strategic review to maximize shareholder value.

MKT Capital Calls on Aurinia’s Board of Directors to Respect the Message Sent by Shareholders at 2023 Annual Meeting

Retrieved on:

Thursday, June 1, 2023

Other Professional Services, Professional Services, Finance, Fear, Annual Meetings of the International Monetary Fund and the World Bank Group, Merrell Dow Pharmaceuticals Inc. v. Thompson, Sale, Capital, Annual general meeting, MKT, Policy, Compensated emancipation, Management, Aurinia

At the Annual Meeting, Chairman George Milne and Compensation Committee Chair Joseph Hagan received less than majority support from shareholders and subsequently submitted their resignations to the Board of Directors (the “Board”) pursuant to the Company’s Majority Voting Policy.

Key Points:

At the Annual Meeting, Chairman George Milne and Compensation Committee Chair Joseph Hagan received less than majority support from shareholders and subsequently submitted their resignations to the Board of Directors (the “Board”) pursuant to the Company’s Majority Voting Policy.
“It has been two full weeks since shareholders sent a clear message for immediate change in Aurinia’s boardroom.
This unjustifiable delay further illustrates the Board’s blatant disregard for shareholders’ wishes and proclivity for issuing misleading communications.
We have engaged with a large number of shareholders who fear additional dilution and would strongly favor a sale of the business at the right price.

MKT Capital Thanks Fellow Shareholders for Their Strong Support at Aurinia’s 2023 Annual Meeting

Retrieved on:

Wednesday, May 17, 2023

Professional Services, Finance, Annual Meetings of the International Monetary Fund and the World Bank Group, Torosyan v. Boehringer Ingelheim Pharmaceuticals, Inc., Annual general meeting, Capital, MKT, Policy, Compensated emancipation, Security (finance), Management, Aurinia

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today commented on the outcome of the Company’s 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) held on May 17, 2023.

Key Points:

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today commented on the outcome of the Company’s 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) held on May 17, 2023.
At the Annual Meeting, Chairman George Milne and Compensation Committee Chair Joseph Hagan received less than majority support from shareholders and have subsequently submitted their resignations to the Board of Directors (the “Board”), pursuant to the Company’s Majority Voting Policy.
Additionally, the Company’s non-binding advisory vote on executive compensation did not receive majority support and the proposed amendment to the equity incentive plan was not approved.
“We appreciate that our fellow shareholders considered MKT Capital’s views and ultimately sent a clear message to Aurinia at this year’s Annual Meeting.

MKT Capital Comments on Aurinia’s Largest Shareholder’s Plans to WITHHOLD Support for the Majority of the Board at the 2023 Annual Meeting

Retrieved on:

Thursday, May 11, 2023

Professional Services, Finance, Failure, Nicolas Iljine, Annual general meeting, Capital, Security (finance), MKT, Letter, Compensated emancipation, Management

Yesterday, Iljin filed a letter with the Securities and Exchange Commission that it sent to Aurinia’s Board of Directors (the “Board”) expressing its concerns with the composition of the Company’s Board and declaring its voting intentions.

Key Points:

Yesterday, Iljin filed a letter with the Securities and Exchange Commission that it sent to Aurinia’s Board of Directors (the “Board”) expressing its concerns with the composition of the Company’s Board and declaring its voting intentions.
As a reminder, MKT Capital is recommending shareholders WITHHOLD support for Chairman Dr. George Milne, CEO Peter Greenleaf and Compensation Committee Chair Joseph Hagan at the upcoming Annual Meeting.
“It is encouraging that Aurinia’s largest investor shares our concerns regarding the Company’s poor performance, troubling compensation practices and failure to commercialize LUPKYNIS, and accordingly plans to WITHHOLD support for a majority of the Board at the upcoming Annual Meeting.
Having been invested in Aurinia for over a decade, Iljin has been repeatedly diluted – just as MKT Capital and other shareholders have – because this Board has consistently prioritized the interests of management.

MKT Capital Issues Statement Regarding Aurinia’s Disappointing First Quarter 2023 Financial Results

Retrieved on:

Friday, May 5, 2023

Biotechnology, General Health, Pharmaceutical, Health, Face, Annual general meeting, Patient, Capital, MKT, Compensated emancipation, Management, Aurinia

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals, Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today issued a statement regarding the Company’s recently issued financial results for the quarter ended March 31, 2023.

Key Points:

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals, Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today issued a statement regarding the Company’s recently issued financial results for the quarter ended March 31, 2023.
MKT Capital also urges shareholders to follow the recommendation of leading independent proxy advisory firm Institutional Shareholder Services Inc. and vote AGAINST the ratification of the Company’s named executive officers’ compensation.
“We believe yesterday’s first quarter results, in which management increased guidance and spending significantly, indicate that the Company is not being managed effectively and further validate the case for boardroom change at Aurinia.
We believe that holding these directors accountable is a necessary first step towards delivering meaningful value for shareholders.”

ISS Recommends Aurinia Shareholders Vote Against the Company’s Named Executive Officers’ Compensation

Retrieved on:

Wednesday, May 3, 2023

Biotechnology, General Health, Other Health, Health, Pharmaceutical, Merrell Dow Pharmaceuticals Inc. v. Thompson, Capital, Annual general meeting, MKT, Compensated emancipation, ISS, Holding company, Management

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended shareholders vote AGAINST the ratification of the Company’s named executive officers’ (“NEOs”) compensation at the upcoming 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) scheduled to be held on May 17, 2023.

Key Points:

MKT Capital Ltd. (together with its affiliates, “MKT Capital” or “we”), a significant shareholder of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) with beneficial ownership of approximately 4.2% of Aurinia’s outstanding shares, today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended shareholders vote AGAINST the ratification of the Company’s named executive officers’ (“NEOs”) compensation at the upcoming 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) scheduled to be held on May 17, 2023.
“Ahead of this year’s Annual Meeting, ISS has recommended shareholders vote AGAINST Aurinia’s proposal to ratify its NEOs’ compensation due to ‘unmitigated pay-for-performance misalignment.’ For years, Compensation Committee Chair Joseph Hagan has pushed through rich compensation packages to the detriment of shareholders, so we are pleased that an independent proxy advisory firm has recognized this misalignment and issued a voting recommendation accordingly.
Aurinia’s NEOs are slated to receive pure time-vesting equity awards despite the fact that the Company has dramatically underperformed peers and indices across relevant time horizons.
This will send a clear message to the Board that the status quo cannot persist, and swift action must be taken to reverse the destruction of shareholder value.”

Top 3PL Companies Are Increasing Their Customer Value with Roambee's Supply Chain Intelligence Platform

Retrieved on:

Wednesday, February 22, 2023

App Store (iOS/iPadOS), 3PL, CBA (food retail), Anomaly, Title 21 CFR Part 11, Information management, Food, Temperature, KPMG, ETA, Intelligence, Quality control, MKT, IATA, Supply, Retail, Warehouse

SANTA CLARA, Calif., Feb. 22, 2023 /PRNewswire/ -- Roambee, the global supply chain visibility and intelligence company with record growth in 2022, is pleased to announce the extension of its platform's power to third-party logistics (3PL) providers. The company's Supply Chain Intelligence Platform is equipping five of the world's largest 3PL firms to offer their customers with three-dimensional supply chain transparency around On-Time, In-Full, In Quality and automated sensing of shipment milestones.

Key Points:

The company's Supply Chain Intelligence Platform is equipping five of the world's largest 3PL firms to offer their customers with three-dimensional supply chain transparency around On-Time, In-Full, In Quality and automated sensing of shipment milestones.
Roambee's AI-powered platform works by combining sensor and non-sensor intelligence and is instantly deployable on any 3PL's tech stack in days.
According to a KPMG report on "Supply chain transparency: creating stakeholder value ," industry executives indicated that only 13% of companies have complete visibility into their end-to-end supply chain operations.
With Roambee's Supply Chain Intelligence Platform, 3PLs can gain full visibility into their supply chain, automate their supply chain orchestration, and monetize it by offering their customers value-added services.

Jitterbit Sees Record Growth in E-Commerce Customers and Partners

Retrieved on:

Thursday, December 22, 2022

Jitterbit has also expanded agreements with some of the biggest partner names in the industry, including BigCommerce , ShipStation and Shopify .

Key Points:

Jitterbit has also expanded agreements with some of the biggest partner names in the industry, including BigCommerce , ShipStation and Shopify .
Additionally, Jitterbit continues to grow its already strong network of hundreds of e-commerce agency partners.
The notable growth in customers and partners has positioned Jitterbit as one of the most sought-after integration platforms for the e-commerce space.
E-Commerce agencies: Jitterbit has built an impressive ecosystem of hundreds of e-commerce agency partners, which serve as consultants to help companies implement e-commerce platforms.

NEW ANALYTICS TO HELP INVESTORS CONTEXTUALIZE SOCIAL MEDIA CHATTER

Retrieved on:

Thursday, July 28, 2022

Harvard Business School, AI, Business, Social media, VP, Partnership, Compliance, Center for Retirement Research at Boston College, Business school, Finance minister, Multimedia, Finance department, Punjab (Pakistan), Representational state transfer, MKT, EDHEC Business School, EDHEC, Carroll School of Management, API, Boston College

CAMBRIDGE, Mass., July 28, 2022 /PRNewswire/ --MKT MediaStats, an AI platform specializing in quantifying economic narratives and Socialgist, a platform that provides access to the world's most comprehensive social media data and real-time messaging, announce today the launch of a new partnership to help contextualize social chatter pertaining to economic and financial market narratives.

Key Points:

CAMBRIDGE, Mass., July 28, 2022 /PRNewswire/ --MKT MediaStats, an AI platform specializing in quantifying economic narratives and Socialgist, a platform that provides access to the world's most comprehensive social media data and real-time messaging, announce today the launch of a new partnership to help contextualize social chatter pertaining to economic and financial market narratives.
"We are excited to partner with MKT MediaStats, the first entity in the economic and financial market narrative space to license social media discussion data from the leading social media platforms through Socialgist", adds Mike Madarasz, VP of Business Development at Socialgist.
We work with 90% of the leading social media monitoring and analytics providers to bring them content in a reliable and compliant manner via integrations with our RESTful & streaming APIs.
The enterprise tools that use Socialgist's platform gain access to data that can help their customers answer virtually any question.

WeRide announces self-driving Robosweepers roll off the assembly line heading towards a large-scale road test in Guangzhou

Retrieved on:

Thursday, April 28, 2022

Robosweeper is designed and produced for city-level environmental services under a strategic collaboration between WeRide and Yutong Group.

Key Points:

Robosweeper is designed and produced for city-level environmental services under a strategic collaboration between WeRide and Yutong Group.
It is WeRides second product for mass production and purpose-built self-driving vehicles, after the launch of Mini Robobus.
The large-scale road test of Robosweeper fleet will be launched in May, with over 50 vehicles in the first batch, covering the entire Nanshan district of Guangzhou.
WeRide Robosweepers road test in Nansha will be one of the largest in history.