Accounting

Financial State of the Union

Retrieved on: 
Thursday, April 20, 2023
Social Security Trust Fund, Tax, TIA, Finance, Certified Public Accountant, Government, Medicare, Social Security, Truth in Accounting, State of the Union, Federation, Social, Union, Health insurance, Accounting

Chicago, April 20, 2023 (GLOBE NEWSWIRE) -- Chicago, Apr 19, 2023 (GLOBE NEWSWIRE) -- The Financial State of the Union report analyzes the audited financial report of the United States government for the fiscal year ending September 30, 2021.

Key Points: 
  • Chicago, April 20, 2023 (GLOBE NEWSWIRE) -- Chicago, Apr 19, 2023 (GLOBE NEWSWIRE) -- The Financial State of the Union report analyzes the audited financial report of the United States government for the fiscal year ending September 30, 2021.
  • A new analysis of the latest Financial Report of the U. S. Government found that the federal government’s overall financial condition worsened by $12.7 trillion in 2022.
  • While this financial report provides a clearer picture of the government’s financial information than the annual budget referenced in the president's State of the Union address, Truth in Accounting believes this report is incomplete.
  • The Financial State of the Union report is an in-depth study of the audited financial reports of the United States government.

Integral Acquisition Corporation 1 Files Definitive Proxy Statement for Stockholder Meeting Seeking Extension

Retrieved on: 
Thursday, April 20, 2023
Excise, IPO, Mechanics, U.S. Department of Defense Strategy for Operating in Cyberspace, Share repurchase, Sponsor, Trust, Investment Company Act of 1940, Excise tax in the United States, Cyprus Securities and Exchange Commission, Government, Accounting, Treasury, Inflation, Interest on Lawyer Trust Accounts, Investment, U.S. Department of the Treasury, Office of Inspector General, Risk, Nature, Don't Weaponize the IRS Act, Inflation Reduction Act of 2022, Proxy, Security (finance), Holding company, Extension

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) -- Integral Acquisition Corporation 1 (“Integral 1”), a blank check company incorporated in Delaware, announced that it filed a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) to seek stockholder approval to, among other proposals, (1) extend the period of time the Company will have to consummate its initial business combination by up to 6 months from the current deadline of May 5, 2023 to November 3, 2023. For each month of Extension, the Sponsor, or its designees, will deposit additional funds into the Trust Account established in connection with the Company’s IPO in an amount equal to the lesser of (i) $0.035 per public share that is not redeemed and (ii) $105,000, up to a maximum aggregate contribution of $630,000 for the full 6-month Extension. Each contribution plus the amount remaining in the Trust Account is expected to be held in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended. In order to mitigate the risk of being viewed as operating an unregistered investment company, the Company may, on or prior to the 24-month anniversary of the effective date of the registration statement relating to the IPO, hold all funds in the Trust Account in an interest-bearing bank deposit account, which is currently expected to yield interest of approximately 3.5% per annum.

Key Points: 
  • On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law.
  • The Excise Tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased.
  • The special meeting of stockholders will be conducted via a live webcast available at https://www.cstproxy.com/integralacquisition1/2023 at 9:00 a.m. Eastern Time on May 3, 2023.
  • The Company encourages its stockholders to vote in favor of the Extension and each other proposal described in the definitive proxy statement.

Mondee Welcomes Former WPP PLC Executive Jesus Portillo as Chief Financial Officer

Retrieved on: 
Wednesday, April 19, 2023
Travel, University of Seville, University, WPP, MBA, Accounting, Sarbanes, CFO, Growth, Sarbanes–Oxley Act, NYSE, Management

Mr. Portillo brings more than 20 years of distinguished global experience, having served as a CFO for both private and public organizations.

Key Points: 
  • Mr. Portillo brings more than 20 years of distinguished global experience, having served as a CFO for both private and public organizations.
  • He held senior finance roles within WPP PLC (NYSE: WPP), a company with over $14 billion of annual revenue, for 18 years, including CFO of multiple subsidiaries across the United States, Latin America, and Europe.
  • Before that, he served as the Chief Operating Officer of Ilumno Holdings, a private equity-backed ed-tech company operating 17 universities.
  • “It has been an honor and privilege to serve as Chief Financial Officer of Mondee during a transformational time for the company, including the process of taking the company public,” said Mr. Figenshu.

The St. Joe Company Announces Shareholder Meeting

Retrieved on: 
Wednesday, April 19, 2023
Lodging, Destinations, Travel, Consulting, Other Construction & Property, Banking, Residential Building & Real Estate, Accounting, Commercial Building & Real Estate, Professional Services, Construction & Property, Building Systems, Vacation, REIT, Embassy Suites by Hilton, Central Time Zone, CDT, Annual general meeting, NYSE, Management, St. Joe

Shareholders are invited to attend The St. Joe Company’s (NYSE: JOE) (“St.

Key Points: 
  • Shareholders are invited to attend The St. Joe Company’s (NYSE: JOE) (“St.
  • Joe”) 2023 Annual Meeting of Shareholders starting at 9 a.m. Central Daylight Time (“CDT”) on May 16, 2023, at the newly constructed Embassy Suites by Hilton Panama City Beach Resort.
  • Management will discuss the Company’s performance and answer shareholder questions after the scheduled business of the annual meeting.
  • The Embassy Suites by Hilton Panama City Beach Resort has reserved a block of rooms for shareholders attending the meeting.

PotlatchDeltic Announces Chief Financial Officer Transition

Retrieved on: 
Wednesday, April 19, 2023
Commercial Building & Real Estate, Construction & Property, Finance, REIT, Accounting, Professional Services, Forest Products, Natural Resources, Residential Building & Real Estate, PotlatchDeltic, Interim, Controller, Bank statement, PCH, Growth, Deltic, Management

Mr. Richards has resigned as the Company’s Vice President and Chief Financial Officer, effective April 19, 2023 and he will be focused on ensuring a smooth transition through his final day on May 12, 2023.

Key Points: 
  • Mr. Richards has resigned as the Company’s Vice President and Chief Financial Officer, effective April 19, 2023 and he will be focused on ensuring a smooth transition through his final day on May 12, 2023.
  • “On behalf of our Board of Directors and everyone at PotlatchDeltic, I want to thank Jerry for his high character and financial leadership over the years.
  • A formal search process for the selection of a new Chief Financial Officer will be initiated by the Company.
  • Until that process concludes, Wayne Wasechek, Controller and Principal Accounting Officer, will serve as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, effective April 19, 2023.

Flat Rock Global Selects Ultimus to Assist in Latest Interval Fund Launch

Retrieved on: 
Wednesday, April 19, 2023
Partnership, CLO, Nancy Darsch, Ultimus, Accounting, IPA, Investment, Flat Rock, Interval, New Leaders Council, Growth, Loan guarantee, Conference, Security (finance)

CINCINNATI, April 19, 2023 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is pleased to announce its collaboration with Flat Rock Global (“Flat Rock”) in the launch of its third interval fund, named the Flat Rock Enhanced Income Fund.

Key Points: 
  • CINCINNATI, April 19, 2023 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is pleased to announce its collaboration with Flat Rock Global (“Flat Rock”) in the launch of its third interval fund, named the Flat Rock Enhanced Income Fund.
  • Flat Rock is a Jackson, Wyoming based alternative credit manager with over $600m invested across their interval fund strategies.
  • Through its interval fund, Flat Rock offers exposure to alternative investments without requiring substantial upfront commitments.
  • To help navigate the complexities of launching an interval fund, Flat Rock selected Ultimus as its service provider based on Ultimus’ consultative approach and expertise in registered alternative funds.

Biola University Appoints Former Amazon Vice President as Dean of Crowell School of Business

Retrieved on: 
Wednesday, April 19, 2023
Insurance, Religion, Consulting, Accounting, Professional Services, University, Consumer, Education, Amazon Web Services, Senior, Accreditation Council for Business Schools and Programs, Organization, Biola University, University of Pennsylvania, Wheeling University, Multimedia, ACBSP, Institute of technology, Arena, Science, Crowell, Business school, Amazon, Organization development, Student, Talent, GM, Accreditation, Faculty, Accreditation Council, Bank, University Alliance in Talent Education Development, Union Institute & University, AWS, General Motors, Management, Nursing, Business

Author and former Amazon and General Motors executive Dr. Michael Arena will assume the role of Dean of Biola University’s Crowell School of Business on July 1, 2023.

Key Points: 
  • Author and former Amazon and General Motors executive Dr. Michael Arena will assume the role of Dean of Biola University’s Crowell School of Business on July 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230419005404/en/
    “As Biola continues to strengthen our academic programs and student placement through our Crowell School of Business, I am pleased to welcome Dr. Michael Arena as our incoming dean,” said Biola University President Barry H. Corey .
  • “His experience as a corporate executive, adjunct faculty member at University of Pennsylvania, author and innovator makes him an ideal leader at Biola University.
  • “I am honored to be joining the faculty and staff of the Crowell School of Business at Biola University,” said Arena.

FinancialForce Earns Exemplary Vendor Position in Ventana Research 2023 Subscription Management Value Index

Retrieved on: 
Wednesday, April 19, 2023
Software, Finance, Consulting, Banking, Accounting, Professional Services, Technology, Fintech, Salesforce, Research, ERP, Organization, Ventana, Peace Officer Exemplary Service Medal, Importance Value Index, CRM, FinancialForce.com, Growth, TCO, Financial management, Sales, Adaptability

FinancialForce , the leading provider of customer-centric business applications across finance, services, and customer success teams, today announced it has been recognized as Exemplary and a Product Experience Leader in the 2023 Subscription Management Value Index published by Ventana Research.

Key Points: 
  • FinancialForce , the leading provider of customer-centric business applications across finance, services, and customer success teams, today announced it has been recognized as Exemplary and a Product Experience Leader in the 2023 Subscription Management Value Index published by Ventana Research.
  • The Value Index, via the thorough analysis of product and customer experience, categorizes vendors into four classifications: Exemplary, Innovative, Assurance, and Merit.
  • Companies that place in the top three in any category also earn the prestigious designation of Value Index Leader.
  • “We are thrilled to be recognized as Value Index Leader and as Exemplary by Ventana Research,” said Dan Brown, Chief Product and Strategy Officer of FinancialForce.

AM Best Assigns Financial Strength Rating of A- (Excellent) to At-Bay Carrier

Retrieved on: 
Wednesday, April 19, 2023
Finance, Security, Professional Services, Technology, Insurance, Nielsen Holdings, AM Best, Small business, General Electric, Marina Bay Financial Centre, Fischel, P&C, Electricity (Miscellaneous Provisions) Act 2003, Multimedia, Tech, MPL, Bay, CFO, E&S, Growth, Accounting, Management

At-Bay , the insurance provider for the digital age, announced today that AM Best has assigned At-Bay Specialty Insurance Company a Financial Strength Rating of A- (Excellent), with a “stable” outlook.

Key Points: 
  • At-Bay , the insurance provider for the digital age, announced today that AM Best has assigned At-Bay Specialty Insurance Company a Financial Strength Rating of A- (Excellent), with a “stable” outlook.
  • At-Bay Specialty Insurance Company is a Delaware-domiciled excess and surplus (E&S) lines property and casualty (P&C) carrier, acquired by At-Bay in January 2023.
  • “The A- rating from AM Best is the latest milestone on our journey toward making that goal a reality,” he added.
  • In addition to this financial milestone, At-Bay also announced today that Ari Fischel has joined the company as its Chief Financial Officer.

Emburse Champion Awards Honors Leaders in Spend Management, United by Commitment to Humanizing Work

Retrieved on: 
Wednesday, April 19, 2023
Professional Services, Payments, Business, Data Analytics, Technology, Software, Accounting, Spend, Workplace, Heart, PizzaExpress, Organization, Uncertainty, Analytics, Hinshaw & Culbertson, American University School of International Service, Auction, Risk management

Emburse , the global leader in spend optimization, has announced the winners of its inaugural Emburse Champion Awards.

Key Points: 
  • Emburse , the global leader in spend optimization, has announced the winners of its inaugural Emburse Champion Awards.
  • Winners were recognized across eight categories for their accomplishments in spend management sharing Emburse’s commitment to humanizing work.
  • In addition, Emburse Champions were nominated for their tenacity in eliminating time-consuming tasks to make work better and easier for everyone.
  • Emburse Champion Award category winners:
    Spend Optimizer of the Year: Hinshaw & Culbertson LLP
    “Customers are the heart of all we do at Emburse.