Total shareholder return

Whitestone REIT Files Definitive Proxy Materials and Mails Letter to Shareholders

Retrieved on:

Friday, April 5, 2024

HOUSTON, April 05, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that it has filed its definitive proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its 2024 Annual Meeting of Stockholders scheduled to be held on May 14th, 2024. Shareholders of record as of February 21, 2024, will be entitled to vote at the meeting.

Key Points:

In conjunction with the definitive proxy filing, Whitestone has mailed a letter to the Company’s shareholders.
Under our new plan, we have paved the path forward to maximize value for Whitestone shareholders.
Voting for each of Whitestone’s nominees on the WHITE proxy card is in the best interests of all shareholders.
As previously mentioned, Erez’s mission seems to be to establish Bruce Schanzer’s credibility in the REIT activism arena and use Whitestone REIT as proof-of-concept.

Conditional Share Awards

Retrieved on:

Thursday, March 28, 2024

Annual, BMO, Total shareholder return, KPI, News, ROCE, Index, VWAP

Serabi announces that on 27 March 2024 the Board of Directors agreed to award in aggregate 310,922 Conditional Share Awards to employees of the Company.

Key Points:

Serabi announces that on 27 March 2024 the Board of Directors agreed to award in aggregate 310,922 Conditional Share Awards to employees of the Company.
None of the awards have been made to Directors of the Company The awards are part of the Company's normal compensation review for senior management and the issuance is made under the Serabi 2020 Restricted Share Plan (the “2020 Plan”) which was approved by shareholders on 16 June 2020 and adopted by the Board on 10 November 2020.
The underlying shares to be issued pursuant to each of the Conditional Share Awards will only be issued and the rights transferred to the employees after the completion of the performance period and only in such amount (if any) as is required based on the achievement of the performance criteria.
Following these latest awards there are 2,814,541 Conditional Share Awards in issue representing 3.7% of the issued share capital of the Company.

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

Retrieved on:

Wednesday, March 13, 2024

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.

ACORD's 2023 Annual Member Report Details Achievements in Industry-Wide Digitalization Efforts

Retrieved on:

Wednesday, March 20, 2024

NEW YORK, March 20, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today released its 2023 Member Report, detailing its efforts on behalf of its members over the past year. ACORD welcomed more than 100 new members across various stakeholder types, from carriers to brokers to solution providers. The report notes several key achievements, including:

Key Points:

NEW YORK, March 20, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today released its 2023 Member Report, detailing its efforts on behalf of its members over the past year.
"ACORD is in a unique position to help shape the future of insurance," said Bill Pieroni, President & CEO of ACORD, in his annual message to the ACORD member community.
"We have witnessed great change in the industry, and ACORD has grown and changed alongside our members.
From the first standardized forms to AI-based solutions, ACORD has worked with our members to enable transformation and drive impact across our ecosystem."

Director/PDMR Shareholding

Retrieved on:

Friday, February 2, 2024

KPI, Annual, Total shareholder return, Index, BMO, ROCE

Serabi announces that on 1 February 2024 the Board of Directors agreed to award in aggregate 888,019 Conditional Share Awards to employees (including directors) of the Company.

Key Points:

Serabi announces that on 1 February 2024 the Board of Directors agreed to award in aggregate 888,019 Conditional Share Awards to employees (including directors) of the Company.
Shareholders confirmed the Board’s continuing authority to make awards under the 2020 Plan at the Annual General Meeting held on 27 June 2023.
The awards are subject to a three-year performance period during which time certain performance criteria stipulated by the Board must be attained.
30% of the award is subject to Return on Capital Employed (where ROCE premium over Weighted Average Cost of Capital (“WACC”) must be in excess of 1.05 times.

Kontoor Brands Announces $300 Million Share Repurchase Program

Retrieved on:

Monday, December 11, 2023

Men, Online Retail, Other Retail, Specialty, Consumer, Fashion, Teens, Textiles, Retail, Other Consumer, Women, Manufacturing, Share repurchase, Kontoor Brands, NYSE, KTB, Total shareholder return, Car rental

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported that the Company’s Board of Directors has authorized a share repurchase program of up to $300 million of the Company’s common stock.

Key Points:

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported that the Company’s Board of Directors has authorized a share repurchase program of up to $300 million of the Company’s common stock.
The new repurchase authorization replaces the existing share repurchase program announced on August 5, 2021.
“Today’s announcement of a $300 million share repurchase program illustrates our enhanced capital allocation optionality and reflects the strong cash flow generation of our business, while underscoring Kontoor’s unrelenting focus on delivering superior Total Shareholder Return over time,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.
The share repurchase program approved by the Company’s Board of Directors authorizes the repurchase of up to $300 million of the Company’s outstanding common stock.

Bluerock Announces Launch of Institutional Division, Taps Industry Veteran Doug Kinney to Spearhead Initiative

Retrieved on:

Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.

Key Points:

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.
Mr. Kinney will be responsible for directing the company's institutional channel, building on the firm's formidable investment capabilities and track record.
"The addition of Doug Kinney to the team positions us well to execute on this critical next phase of growth, said Ramin Kamfar, CEO and founder of Bluerock.
"Doug brings the energy, insight, and institutional industry experience to build this new business vertical, capitalizing on Bluerock's established record of investment success across multiple strategies and multiple cycles," Mr. Kamfar adds.

Director/PDMR Shareholding

Retrieved on:

Wednesday, December 13, 2023

FTSE, EPS, PSP, Total shareholder return

The performance condition attaching to the PSP award has two elements.

Key Points:

The performance condition attaching to the PSP award has two elements.
Half of the shares under award shall be measured on relative Total Shareholder Return (“TSR”) against the FTSE 250 (excluding investment trusts) and 20% of that part of the award shall vest at median performance, rising on a straight line to 100% of the award vesting at upper quartile performance.
The other half of the shares under award shall be measured on adjusted EPS with threshold vesting at 63.1p, at which 20% of that element of the award shall vest, increasing on a straight-line basis to 72.1p at which 100% of that element of the award shall vest.
The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

Director/PDMR Shareholding

Retrieved on:

Tuesday, August 1, 2023

KPI, BMO, Return on capital employed, Weighted average cost of capital, Annual, Index, ROCE, Total shareholder return, Serabi

Shareholders confirmed the Board’s continuing authority to make awards under the 2020 Plan at the Annual General Meeting held on 27 June 2023.

Key Points:

Shareholders confirmed the Board’s continuing authority to make awards under the 2020 Plan at the Annual General Meeting held on 27 June 2023.
The Board is therefore combining in this award the annual awards for 2022 and the annual awards for 2023.
The awards are subject to a three-year performance period during which time certain performance criteria stipulated by the Board must be attained.
30% of the award is subject to Return on Capital Employed (where ROCE premium over Weighted Average Cost of Capital (“WACC”) must be in excess of 1.05 times.

Everest Reports Second Quarter 2023 Results

Retrieved on:

Wednesday, July 26, 2023

Professional Services, Insurance, Finance, Total shareholder return, GAAP, Customer attrition, ROE, NYSE, Risk, Reinsurance

Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its second quarter 2023 results.

Key Points:

Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its second quarter 2023 results.
“Everest’s second quarter performance was outstanding as we leaned into the hard reinsurance market.
We delivered an operating ROE of 21.8% and a record annualized Total Shareholder Return in excess of 25%,” said Juan C. Andrade, Everest President & CEO.
In addition to the excellent underwriting profit in the quarter, we generated nearly $360 million in net investment income with our well positioned portfolio.