Topic: Friday Night Dump
— 950 items —Odds and ends…
November 1, 2005—I'm still slogging through Friday night's filings and have come across a number of interesting things at various companies. Here's a quick run-down: At Extreme Networks (EXTR), the company noted in a proxy filed late Friday that its compensation committee had decided to accelerate the vesting of all options that cost $7 or more under [...]
We’ve been meaning to tell you this…
October 31, 2005—Memory is such an inconvenient thing. Take Medicis Pharmaceutical (MDX) for example. On Friday, they disclosed that one of their board members, who had a consulting contract dating back to 1997, no longer has that consulting contract. But as with many disclosures, this one leads to several other questions, such as why the company failed [...]
More than a morsel…
October 25, 2005—Though it's pretty common for a troubled company to ante up some tasty morsel when it manages to lure someone to come work for them, Interpublic Group (IPG) offered a 22-oz aged Porterhouse when it hired new CFO Nicholas Cyprus last year. In a footnote to the proxy it filed on Friday, the company ...
What else are they hiding?
October 24, 2005—Lost in the coverage of the $241,000 Savvis Communications (SVVS) Chairman and CEO Rob McCormick spent at Scores, an upscale strip club in Manhattan, was the fact that the company reported third quarter results on the same day the story broke. Hmmm...wonder which one the PR person fielded more calls on? Although the Daily ...
Gold star Fridays return…
October 21, 2005—It's been four weeks since I've awarded a gold star, though it hasn't been for lack of trying. Regular readers know that I try to hand out a gold star every Friday, though it's not always easy. But the proxy filed by Micros Systems (MCRS) on Wednesday qualifies for a few reasons. For ...
The late, late show…
October 17, 2005—Depending on what time you read this, Saks (SKS), the retailer that's had more than its share of accounting woes lately, either will or has released its second quarter earnings and has or will talk about those results in a conference call. (Here's a link to a story on the results). On Friday, sometime ...
A string of bad news…
October 10, 2005—You almost have to feel sorry for the Rigas family, the former barons of Adelphia Communications (ADELQ.PK). Almost, but not quite. On Friday, John Rigas and his son, Timothy, were indicted for tax evasion. Prosecutors charged that the pair participated in a $300 million tax evasion scheme. What's worse than having the IRS hot on [...]
An expensive babysitter…
September 26, 2005—What's the going rate for babysitters in your area? Here in suburban New York, it can run as high as $15 an hour. But in Omaha, which last I checked wasn't exactly a high cost metropolis, the going rate seems to be considerably higher based on an exhibit to an 8-K filed by ...
A filing trifecta…
September 16, 2005—Investors in Briggs & Stratton (BGG) might want to cancel some of their weekend plans. Earlier today, the company filed its 10-K, proxy statement and an 8-K, giving investors plenty to read this weekend. A general rule of thumb is that when companies dump a batch of documents at the same time, they're usually ...
Why renew now?
September 12, 2005—Late Friday, luxury leather goods company Coach Inc. (COH) filed its 10-K and disclosed new employment contracts with the top three executives: Chairman and CEO Lew Frankfort, Creative Director Reed Krakoff and Chief Operating Officer Keith Monda. The agreements, which the company describes as amendments to each man's June 2003 contracts, sharply increase both the [...]




SIFTING THROUGH PUBLIC COMPANY FILINGS SO YOU DON'T HAVE TO.