DrStockPick.com Stock Report!
Friday August 21, 2009
Ann Taylor Stores Corporation (NYSE: ANN) today reported results for the second quarter of fiscal 2009, ended August 1, 2009, which reflected a solid gross margin rate, significant expense savings and better-than-anticipated sales at LOFT.
JDA(R) Software Group, Inc. (NASDAQ: JDAS) today reported that in connection with its hiring of Executive Vice President, Sales & Marketing Jason B. Zintak on August 18, 2009, the compensation committee of the Company’s Board of Directors approved equity awards to Mr. Zintak consisting of 50,000 restricted stock units of the Company, one third of which will vest 12 months from the date of hire, with the remainder vesting ratably over a 24-month period commencing 12 months from the date of hire. Mr. Zintak also received 50,000 restricted stock units of the Company, which vest in tranches 45 days following the attainment of certain performance milestones that will be determined within 90 days of the effective date of employment. Additionally, Mr. Zintak’s inducement awards allow him to earn a target performance share award equal to 30,000 shares (up to a maximum of 37,500 shares) of the Company’s common stock, which will be based upon the achievement of the Company’s 2009 annual EBITDA target, as previously established by the Company’s Board of Directors. In the event of a change in control of the Company, the vesting of all outstanding unvested equity awards granted to Mr. Zintak will accelerate as of the date of the change in control unless the acquiring company assumes the equity awards or provides substitute equity awards. These awards! have be en granted outside of the terms of the Company’s 2005 Performance Incentive Plan by the Compensation Committee of the Company’s Board of Directors in reliance on NASDAQ Marketplace Rule 5635(c)(4) as an inducement to Mr. Zintak to join the Company.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), today announced that former news anchor for the CBS Evening News, Dan Rather, will moderate “A Conversation” with Dr. Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, at Rodman & Renshaw’s Annual Global Investment Conference. The “Conversation” will open the Annual Global Investment Conference on Wednesday, September 9, 2009 at 8:15 A.M. and cover critical topics facing our global economy.
The replay of the LMP Capital and Income Fund Inc. (NYSE: SCD), conference call, held live on August 11, 2009 at 4:15 p.m. (Eastern Time), is now available. Harry “Hersh” Cohen, Peter Vanderlee and Michael Clarfeld of ClearBridge Advisors discussed the Fund’s recent portfolio manager changes and concluded with a question and answer session.
It wasn’t just the athletes getting exercise at this year’s National Senior Games in Palo Alto, Calif. Over the 15 days of the games, Humana’s (NYSE: HUM) Freewheelin bicycle-sharing program recorded more than 2,400 rides in excess of 11,000 miles. Humana, a leading health benefits company and the presenting sponsor of the Senior Games, teamed with the city of Palo Alto to provide 120 bikes for use during the games.
Yasheng ECO-Trade Corporation (OTCBB: YASH) announced today that it and Yasheng Group, an agriculture conglomerate, have signed a Memorandum of Understanding (”MOU”) with Pfau, Pfau ! & Pf au LLC (”Pfau”) to establish a joint venture to develop and operate three properties currently owned by Pfau, one of which includes roughly 28,000 acres in Central California.
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