Topic: Friday Night Dump

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Medco’s merger-RX for executive security…
November 21, 2011—Since Medco Health Solutions, Inc. (MHS) and Express Scripts, Inc. (ESRX) announced their intentions this past June to combine forces in a $29.1 billion merger, the top dogs at both companies have been busy lobbying Congress and officials at a host of federal agencies to convince them that the deal won’t violate antitrust laws and […]

ADP chief’s exit followed South Carolina arrest…
November 17, 2011—More on the sudden resignation of ADP CEO Gary Butler: He was arrested on domestic-violence charges in South Caroline. With update: Charges dropped, expunged under pre-trial intervention program.

The $7.3 million goodbye at Knight Capital…
November 17, 2011—We’ve joked before that when journalists see three of something, it’s a trend — and two is most of the way to three. So when we saw institutional brokerage and market-maker Knight Capital Group (KCG) hand a departing executive millions for the second time in 15 months, we looked a little more closely. This time, […]

It’s All in the Family at Weis Markets…
November 9, 2011—Unless you live in the mid-Atlantic states of Maryland, Pennsylvania, New York, New Jersey, or West Virginia, you may not have heard of Weis Markets, Inc. (WMK). The family-run company, which started in 1912 in Sunbury, Pennsylvania, now employs (according to its website) more than 18,000 people and has a market cap of $1.06 billion. […]

Searching for clues in Yahoo’s 10-Q…
November 8, 2011—When it comes to one of the hot questions buzzing around the business and tech world — specifically, “What the heck is going on at Yahoo?” — we’ve got a few more data points to add to the mix, thanks to the 10-Q filed by the beleaguered Internet-search company on Monday afternoon. They aren’t definitive, […]

Finding a newsworthy needle in Kraft’s 10-Q…
November 7, 2011—Hundreds of filings are pouring in daily as the deadline nears for the largest companies to file their next round of quarterly reports, and that poses an interesting dilemma for the folks here at footnoted: There is plenty to write about, but the challenge of getting through so much more makes it harder to find […]

The Sopranos in penny stock land…
November 4, 2011—One of the things footnoted readers tell us fairly regularly is that they want better follow-up on some of the companies that find their way onto this site. Yesterday, we obliged by providing an update on Chesapeake Energy (CHK) whose CEO managed to get the company to pay for his map collection back in 2009. […]

LinkedIn shows up at the after-hours party…
November 2, 2011—By now, veteran footnoted readers know what we mean when we say that a filing was part of the “Friday night dump”: We’re talking about that last hour or so on a Friday afternoon before the SEC stops accepting filings for the day. Some of the things that get disclosed late on a Friday are […]

Brocade tries to rev it up…
November 1, 2011—Late Friday, when, as footnoted regulars know, the Friday night dump opens for business, we came across this interesting 8-K filed by Brocade Communications (BRCD), a former high-flying stock back in the day. While the filing itself had some seemingly routine raises — bumping CEO Michael Klayko’s salary up to $800,000 from the $775,000 he […]

Chasing performance (bonuses) at Best Buy…
October 24, 2011—Consumer-electronics giant Best Buy (BBY) splashes a “Deal of the Day” prominently on the front page of its website. Meantime, buried among its filings, is what looks like a nice deal for its top executives. On Friday afternoon, the company filed an 8-K summarizing some changes to its Long-Term Incentive Program. This kind of thing […]