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In Round 2 of “Duking it Out in the Boardroom,” we focus on the directors’ spat at Ohio-based Myers Industries, Inc. (MYE). Founded in 1933, the company has grown into what it now describes as “an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets.” The disagreement involves Stephen E. Myers, [...]
It’s inevitable that a company’s directors are going to disagree from time to time. But rarely do those spats play out as publicly as some that we’ve seen recently. (In the interest of keeping this post at a reasonable length, we’ll write about one company today and another one tomorrow.) BioMarin Pharmaceutical, Inc. (BMRN) filed [...]
Instead of nibbling on chocolates or checking out the President’s Day sales last weekend, the footnoted staff settled in at our computers with a nice long list of SEC filings. While the second pot of coffee brewed, we found this 8-K that Armstrong World Industries, Inc. (AWI) filed at 4:39 p.m. last Friday. Armstrong, which is [...]
If you read enough SEC filings, you begin to recognize certain sections like they’re old friends. You might think, “Oh! There’s the section on Executive Compensation Discussion & Analysis!” or “Hi, Forward-Looking Statements. How are the Risk Factors looking today?” But occasionally – perhaps rarely – something pops out that you’ve never noticed before. Such [...]
When Hewlett-Packard (HPQ) filed its preliminary proxy on Tuesday, we were immediately surprised by one of the numbers in the footnotes to the summary compensation table: the $96 spent by CFO Catherine Lesjak on personal use of the corporate jet. Now being all entrepreneurial and all, we don’t spend any time flying around in corporate [...]
