Committee on Finance

Village Farms International Enthusiastically Supports Standing Committee’s Recommendations for New Cannabis Excise Duty Model

Retrieved on: 
Thursday, February 29, 2024

VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) enthusiastically supports recommendations on changes to the current Cannabis Excise Duty model released this week by the Canadian House of Commons Standing Committee on Finance.

Key Points: 
  • VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) enthusiastically supports recommendations on changes to the current Cannabis Excise Duty model released this week by the Canadian House of Commons Standing Committee on Finance.
  • Those recommendations include adjustment to the excise duty formula for cannabis so that it is limited to a 10% ad valorem (proportionate to value) rate.
  • When the Cannabis Excise Duty model was first adopted, it envisioned a retail selling price of cannabis much higher ($10-plus per gram) than is currently prevalent in today’s market, such that the $1 per gram duty would have effectively been aligned to a 10% ad valorem tax rate.
  • Related to excise duty payments, Village Farms also notes recent reports with respect to the Canadian Revenue Agency’s (CRA) collection enforcement of the growing past due excise tax balances.

NBME Hires New Vice President of Product Management and Innovation

Retrieved on: 
Tuesday, February 27, 2024

PHILADELPHIA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- NBME, a leading medical assessment company, has hired Laura Ryan as Vice President of Product Management & Innovation in its Growth and Innovation division.

Key Points: 
  • PHILADELPHIA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- NBME, a leading medical assessment company, has hired Laura Ryan as Vice President of Product Management & Innovation in its Growth and Innovation division.
  • Ryan brings over 18 years of experience in product management, health care education and relationship management to her new role.
  • “Laura is a fantastic leader who is deeply invested in improving patient care through her work building digital assessments and tools that deliver information and insights to health care professionals,” Pamela Treves, NBME Senior Vice President of Growth and Innovation, said.
  • “She will play an integral role in enhancing our product portfolio and we are delighted to have her on board.”
    Ryan will place NBME’s medical learners, educators, and partners at the center of her innovation and product strategy.

John Adkisson Re-Elected to Second Term as President & CEO of Fish & Richardson

Retrieved on: 
Monday, March 4, 2024

John Adkisson has been re-elected to serve a second four-year term as president & CEO of Fish & Richardson, a global intellectual property law firm with 14 offices in the U.S., China, and Germany.

Key Points: 
  • John Adkisson has been re-elected to serve a second four-year term as president & CEO of Fish & Richardson, a global intellectual property law firm with 14 offices in the U.S., China, and Germany.
  • View the full release here: https://www.businesswire.com/news/home/20240304858974/en/
    Fish & Richardson President & CEO John Adkisson (Photo: Business Wire)
    “Fish is distinguished by our unparalleled client representation, technical expertise, and people-first culture.
  • I am honored that my colleagues have entrusted me to continue leading the firm forward,” said Adkisson.
  • “Thanks to the resilience of our people, Fish flourished and emerged from the pandemic stronger and more adaptable,” said Adkisson.

Organigram Applauds the Standing Committee on Finance’s Recommendation on Excise Duty

Retrieved on: 
Wednesday, February 28, 2024

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”) enthusiastically supports the Standing Committee on Finance’s recent recommendation on the Excise Duty framework.

Key Points: 
  • Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”) enthusiastically supports the Standing Committee on Finance’s recent recommendation on the Excise Duty framework.
  • In a recently released report, titled ‘Shaping our Economic Future: Canadian Priorities,’ the House of Commons Standing Committee on Finance has unanimously recommended adjusting the excise duty formula for cannabis so that it is limited to a 10% ad valorem rate, and modifying the duty's operation, including applying excise stamps on cannabis products.
  • “The pre-budget recommendation could not have come at a better time,” said Beena Goldenberg, CEO of Organigram.
  • “Excise reform is critical to the long-term viability of the Canadian cannabis industry.

Citi Trends Announces Refresh of Board of Directors

Retrieved on: 
Thursday, February 29, 2024

Incumbent directors Brian Carney, Laurens Goff and Christina Francis will retire from the Board immediately following the 2024 Annual Meeting.

Key Points: 
  • Incumbent directors Brian Carney, Laurens Goff and Christina Francis will retire from the Board immediately following the 2024 Annual Meeting.
  • The Board will remain capped at nine directors for the duration of the Agreement.
  • On behalf of the entire Board, I want to express my sincere gratitude to Brian, Laurens and Christina for their distinguished service and long-standing commitment to Citi Trends.
  • We believe the expertise provided by our new designees will help drive operational improvements and enhance Citi Trends’ plans for maximizing stockholder value."

Sensata Technologies Appoints John Mirshekari to Its Board of Directors

Retrieved on: 
Tuesday, February 20, 2024

Sensata Technologies Holding plc (NYSE: ST) today announced that John Mirshekari has been appointed to Sensata’s Board of Directors and to serve on the Growth & Innovation Committee and the Finance Committee, effective March 1, 2024.

Key Points: 
  • Sensata Technologies Holding plc (NYSE: ST) today announced that John Mirshekari has been appointed to Sensata’s Board of Directors and to serve on the Growth & Innovation Committee and the Finance Committee, effective March 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240220998110/en/
    Mr. Mirshekari brings more than two decades of finance, investment and strategic execution experience to Sensata’s Board of Directors.
  • “John brings decades of experience in business strategy, shareholder value creation and corporate governance, as well as an institutional investor,” said Andrew Teich, Chairman of the Board of Sensata.
  • On behalf of our Board, we welcome John, and I am confident that he will be a great addition to the Sensata team.”

RingCentral Appoints Prat Bhatt to Board of Directors

Retrieved on: 
Tuesday, February 20, 2024

RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company’s Board of Directors, effective March 1, 2024.

Key Points: 
  • RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company’s Board of Directors, effective March 1, 2024.
  • Bhatt has been named a member of the Board’s audit committee.
  • A certified public accountant, Bhatt began his career as an auditor at Ernst & Young before joining Kaiser Permanente as Director of Financial Operations.
  • Bhatt currently serves on the board of Seagate Technology, a leading innovator of mass-capacity data storage solutions, where he is chair of the Audit and Finance Committee.

CurePSP Elects Longtime Board and Community Member as Its Board Chair

Retrieved on: 
Thursday, February 29, 2024

Phillips will work closely with CurePSP's executive director and chief science officer, Kristophe Diaz, PhD, and the Board, to advance CurePSP's mission and strategic objectives.

Key Points: 
  • Phillips will work closely with CurePSP's executive director and chief science officer, Kristophe Diaz, PhD, and the Board, to advance CurePSP's mission and strategic objectives.
  • He has seen progress accelerate exponentially each year and is poised to continue that momentum as Board Chair.
  • Phillips served on the CurePSP Board on the Executive Committee, the Finance Committee, the Centers of Care Steering Committee and the Strategy Committee.
  • "We are entering a new era at CurePSP and I'm pleased to find an astute business leader at the helm of the Board."

AEP Announces CEO Transition

Retrieved on: 
Monday, February 26, 2024

AEP Board Member and Former Chairman and CEO of Xcel Energy, Benjamin G.S.

Key Points: 
  • AEP Board Member and Former Chairman and CEO of Xcel Energy, Benjamin G.S.
  • Fowke III, Appointed Interim CEO & President
    COLUMBUS, Ohio, Feb. 26, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced that Benjamin G.S.
  • The Board determined, based on discussions with Sloat, that it is time to identify a new CEO to lead the company's next chapter.
  • "After thorough deliberation and discussions with Julie, the Board determined now is the right time to make this leadership transition to best position AEP for the future," Tucker said.

The New York Times Company Announces Nominations for Board of Directors

Retrieved on: 
Friday, February 16, 2024

The New York Times Company announced today that its Board of Directors has nominated Margot Golden Tishler to stand for election as a director at its 2024 annual meeting of stockholders on April 24.

Key Points: 
  • The New York Times Company announced today that its Board of Directors has nominated Margot Golden Tishler to stand for election as a director at its 2024 annual meeting of stockholders on April 24.
  • All current directors are expected to stand for re-election with the exception of Hays N. Golden, a director since 2017, who is stepping down.
  • "I am delighted to have Margot nominated to serve on our Board," said A.G. Sulzberger, chairman of The New York Times Company.
  • "As a fifth-generation member of the Ochs/Sulzberger family, she brings a deep understanding of our Company's mission and business objectives.