Tag: 8-K

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Soft landing ahead for Brocade’s departing CEO…
August 17, 2012—Yesterday’s announcement that the chief executive of Brocade Communications Systems, Inc. (BRCD), Michael Klayko, plans to step down resulted in the company’s stock price ticking upwards about 6%, after the news rekindled some oft-bandied speculation that the company might be positioning itself for a takeover. Klayko — who has led the company as CEO for […]

A sweet retirement from Northrop Grumman…
July 25, 2012—Thinking about retiring any time soon? Well, we don’t want to discourage you, but the odds are that Gary Ervin just got a better deal than you — and especially we, for that matter — ever will. Ervin, who is a corporate vice president and the president of Northrop Grumman’s (NOC) Aerospace Systems business, plans […]

Exit from Gardner Denver came with big bucks…
July 23, 2012—There have been some big transitions at Gardner Denver, Inc. (GDI) recently, the 153-year-old company that makes industrial pumps, compressors, blowers, and more. The news that its president and CEO, Barry L. Pennypacker, suddenly resigned on July 13 got some attention, but the juicy 8-K that the company filed five days later did not. Anytime […]

Lustrous deal for new CEO at Regis…
July 19, 2012—When ambitious B-school students start classes in a few weeks, we bet that few of them will arrive harboring dreams of running a chain of hair salons. But – based on the 8-K that Regis Corp. (RGS) filed July 17 — maybe they should add that to their list of career options. As Regis announced […]

Some CFOs are bigger than others…
July 18, 2012—Apologies to The Smiths, whose song, “Some Girls are Bigger than Others“, came to mind when we started to contemplate a number of CFOs changing jobs this week. Here I risk dating myself a bit, but as a fan of The Smiths back in college, I’m quite confident that Morrissey never thought his song would […]

Climbing the corporate ladder comes with risks…
July 17, 2012—Last week the Wall Street Journal published an article, “Finding a Cure for CEO-itis,” that we suspect was widely read and enjoyed, except perhaps by the CEO set. It touched on the same themes that we often write about after finding disclosures in SEC filings — increasing dollops of power and money handed to CEOs […]

Is it time for mandatory retirement ages to go?
July 13, 2012—Once upon a time, 65 was considered old. That’s when Social Security kicked in and people were supposed to stop working. Then again, life expectancies were somewhere around 72. Now, articles like this one routinely tout 65 as being the new 45. While many workplaces have embraced this new dynamic — see this Knowledge @ […]

Hain Celestial’s CEO brews delicious deal…
July 9, 2012—Irwin D. Simon’s timing is admirable… maybe practically impeccable. Simon, you see, is the Founder, President, CEO and Chairman of the Board of The Hain Celestial Group, Inc. (HAIN), the Melville, New York-based company that sells dozens of brands including Celestial Seasonings teas and Hain Pure Foods. Simon — who founded the company in 1993 […]

U. S. Steel’s newest exec forges strong deal…
July 5, 2012—Although not all the news on United States Steel Corp. (X) has been rosy lately (last week Standard & Poor’s lowered its outlook from stable to negative), it has been decidedly more exciting for Mario Longhi, the company’s new Executive Vice President and Chief Operating Officer. Sure, Longhi has to move to Pittsburgh, but — […]

Ralph Lauren celebrates more than July 4th…
July 3, 2012—You may not know it, but Ralph Lauren, founder of Ralph Lauren Corp. (RL), designs more than just clothes, towels, and bed linens. He also created an entire line of dishes and barware suitable for grand parties, which is handy, because we bet that he will be hosting a doozy of a fâ_te tomorrow. Besides […]