Private law

Recapturing Lease Customers Will Be Critical as Auto Dealers and Lenders Navigate Downturn, J.D. Power Finds

Thursday, April 2, 2020 - 1:00pm

These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.

Key Points: 
  • These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.
  • Understanding the different lease-end journeys is crucial to recapturing lease customers in both the luxury and mass market segments.
  • Lease customers have identified the specific information theyre looking for at the end of their lease, providing lenders with valuable feedback as to their websites.
  • The study is based on responses from 2,848 mass market and luxury vehicle lease customers who are within six months of lease end.

Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Wednesday, April 1, 2020 - 9:48pm

Since the announcement of the Third Tranche of the buyback program dated 14 November 2019 till 30 March 2020, the total invested consideration has been:

Key Points: 
  • Since the announcement of the Third Tranche of the buyback program dated 14 November 2019 till 30 March 2020, the total invested consideration has been:
    USD 29,985,333.60 (Euro 27,308,366.63*) for No.
  • 185,717 common shares purchased on the NYSE
    resulting in total No.
  • As of 30 March 2020 the Company also elected to temporarily suspend its multi-year share repurchase program in its Third Tranche and, consequently, early terminated the Euro 150 million non-discretionary share repurchase agreement in place with a primary financial institution on the MTA market.
  • The Company will announce when it will restart its multi-year share repurchase program.

Dicerna Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Wednesday, April 1, 2020 - 9:30pm

The stock options approved under the Inducement Grants were issued pursuant to Dicernas 2016 Inducement Plan and have an exercise price per share equal to $17.33, the fair market value on the grant date.

Key Points: 
  • The stock options approved under the Inducement Grants were issued pursuant to Dicernas 2016 Inducement Plan and have an exercise price per share equal to $17.33, the fair market value on the grant date.
  • The stock options have a 10-year term and are subject to the terms and conditions of the applicable stock option agreements.
  • The Company granted the stock options and RSUs as inducement materials to the new employees entering into employment with Dicerna Pharmaceuticals, Inc. in accordance with Nasdaq listing Rule 5635(c)(4).
  • This press release includes forward-looking statements pertaining to continued service of employees and future vesting of inducement grants.

Garrett Motion Appoints Jerome Stoll to Board of Directors

Wednesday, April 1, 2020 - 9:15pm

Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced the appointment of Jerome Stoll to its Board of Directors, effective immediately.

Key Points: 
  • Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced the appointment of Jerome Stoll to its Board of Directors, effective immediately.
  • With the appointment of Mr. Stoll, who will serve on the Companys Nominating and Governance Committee, Garrett will have a total of eight Directors, of which seven are independent.
  • I am delighted to welcome Jerome Stoll to our Board, said Carlos Cardoso, Chairman of the Board of Garrett.
  • Mr. Stoll commented, I am excited to join Garretts Board of Directors.

BIOSYENT ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

Wednesday, April 1, 2020 - 12:41am

MISSISSAUGA, Ontario, March 31, 2020 (GLOBE NEWSWIRE) -- BioSyent Inc. (BioSyent or the Company, TSX Venture: RX) announces that its Board of Directors has approved today a grant of 129,125 Restricted Share Units RSUs to certain directors, officers, management, and employees of the Company pursuant to the Companys Restricted Share Unit Plan (the RSU Plan).

Key Points: 
  • MISSISSAUGA, Ontario, March 31, 2020 (GLOBE NEWSWIRE) -- BioSyent Inc. (BioSyent or the Company, TSX Venture: RX) announces that its Board of Directors has approved today a grant of 129,125 Restricted Share Units RSUs to certain directors, officers, management, and employees of the Company pursuant to the Companys Restricted Share Unit Plan (the RSU Plan).
  • These RSUs will fully vest within three years on the third anniversary of the applicable grant date.
  • There will not be stock option grants to directors, officers or management in 2020 as a result of these RSUs granted in lieu.
  • BioSyent supports the healthcare professionals that treat these patients by marketing its products through its community, hospital and international business units.

Aware, Inc. Announces Appointment of Peter R. Faubert to Board of Directors

Monday, March 30, 2020 - 9:05pm

Mr. Kruse has announced that he will be retiring from his Board position and will not stand for reelection.

Key Points: 
  • Mr. Kruse has announced that he will be retiring from his Board position and will not stand for reelection.
  • Prior to that Mr. Faubert held various senior finance positions with Viisage Technology Inc., Burntsand Inc. and Ariba Inc. Mr. Faubert is also a Certified Public Accountant.
  • Brent P. Johnstone, the Chairman of the Board of Aware, stated that, "We welcome Peter to Aware, and look forward to utilizing his valuable experience on our Board and Audit Committee.
  • We are fortunate that he will be able to help transition the role of Chairman to Peter during their overlap."

William A. Worthington, JD, is recognized by Continental Who's Who

Monday, March 30, 2020 - 8:56pm

HOUSTON, March 30, 2020 /PRNewswire/ -- William A. Worthington, JD, is being recognized by Continental Who's Who in the field of Law as a Top Professional in acknowledgment of his role as Partner/Attorney at Conners & Winters.

Key Points: 
  • HOUSTON, March 30, 2020 /PRNewswire/ -- William A. Worthington, JD, is being recognized by Continental Who's Who in the field of Law as a Top Professional in acknowledgment of his role as Partner/Attorney at Conners & Winters.
  • Founded in 1933 in Tulsa, OK, Conners & Winters opened the day before President Roosevelt signed the Emergency Banking Act.
  • In spite of the economic depression, the firm persevered, offering services initially in the areas of banking, real estate, trusts, probate, estate planning, and oil and gas law.
  • In 1976, he became a Doctor of Law, graduating magna cum laude from Washington and Lee University School of Law.

Hudson Executive Capital Urges USA Technologies Shareholders to Vote the GOLD Proxy Card Today “FOR ALL” of its Highly-Qualified, Independent Nominees

Monday, March 30, 2020 - 9:17pm

Over the past several months, USAT shareholders have heard a lot from both Hudson Executive and the Company.

Key Points: 
  • Over the past several months, USAT shareholders have heard a lot from both Hudson Executive and the Company.
  • USAT still refuses to produce its shareholder list, blocking Hudson Executives ability to reach out directly to all shareholders.
  • To be clear, all of the Hudson Executive nominees, including these three individuals, urge shareholders to vote the GOLD proxy card FOR ALL of the Hudson Executive nominees.
  • We encourage you to review our proxy materials, which have been updated with the additional proposals USAT included in its proxy materials to ensure shareholders can vote for all proposals on Hudson Executives GOLD proxy card.

Vallourec: Combined Shareholders’ Meeting to be held on 6 April 2020 behind closed doors and broadcast live

Monday, March 30, 2020 - 7:00pm

All the documentation relating to the Shareholders Meeting as well as the voting form are available on the Company's website with the following link: https://www.vallourec.com/en/investors/general-meetings .

Key Points: 
  • All the documentation relating to the Shareholders Meeting as well as the voting form are available on the Company's website with the following link: https://www.vallourec.com/en/investors/general-meetings .
  • Due to the fact that the Shareholders Meeting is held without the presence of the shareholders, only proxies given to a member of the general committee (bureau) of the meeting may be taken into account.
  • On Monday, April 6, 2020, starting at 10:00 a.m. (Paris time), the Shareholders' Meeting will be broadcast live on the Company's website www.vallourec.com in the "Shareholders' Meetings" section.
  • The Company will also set up a direct chat with its shareholders during the Shareholders Meeting (however, it will not be possible to suggest new resolutions during the Shareholders Meeting).

Service Properties Trust Announces Efforts to Mitigate COVID-19 Impact

Monday, March 30, 2020 - 1:00pm

The decline in hotel occupancy caused by this pandemic has been dramatic and the duration and severity of its impact on the U.S. economy is unknown.

Key Points: 
  • The decline in hotel occupancy caused by this pandemic has been dramatic and the duration and severity of its impact on the U.S. economy is unknown.
  • Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 151 distinct brands across 24 industries.
  • A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
  • No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.