Month: March 2020

– Fourth Quarter 2019 Consolidated Net Revenue of $498.4 Million –– Full Year 2019 Consolidated Net Revenue of $2.0 Billion –– Completes Sale of Global Marine Group –NEW YORK, March 16, 2020 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today its consolidated results for the fourth quarter and full year ended December 31, 2019.“We continue to make considerable progress on our most important strategic initiatives of monetizing assets and further reducing debt,” stated Philip Falcone, HC2’s Chairman, Chief Executive Officer and President.  “Completing the sale of GMG was a significant step in this process, and we were very pleased with the outcome of the sale.  We are now set to continue de-leveraging our balance sheet and further...

EAST PALO ALTO, Calif., March 16, 2020 (GLOBE NEWSWIRE) — Finjan Holdings, Inc. (NASDAQ:FNJN) today announced that on March 16, 2020 its subsidiary Finjan, Inc.’s (“Finjan”) trial against ESET LLC, et al. (“ESET”) (Case No. 3:17-cv-00183-CAB), before the Honorable Cathy Bencivengo, U.S. District Court for the Southern District of California, has concluded in a mistrial. The Court this morning held a status conference with counsel, and in accord with both parties, “based upon the current state of extraordinary circumstances due to the Coronavirus/COVID-19 Pandemic”, a mistrial was declared and the jurors released. The Court indicated that upon the conclusion of the national state of emergency, it will contact the parties for further scheduling of court proceedings, and vacated all previously pending dates of trial. (Docket No. 783)Finjan...

ATLANTA, March 16, 2020 (GLOBE NEWSWIRE) — Oxford Industries, Inc. (NYSE: OXM), which owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer® and Southern Tide® lifestyle brands, in response to the global COVID-19 outbreak, today announced the temporary closure of all owned retail stores and restaurants in North America, effective March 17 through March 30.  The Company will continue to pay its retail and restaurant associates during this time. In addition, the Company has broadly implemented a strategy for associates in its corporate and brand offices to work remotely.  Tommy Bahama, Lilly Pulitzer and Southern Tide’s e-commerce websites remain open for business.“Our priority is and will continue to be the health and well-being of our employees, customers and the communities in which we live and work,” commented Thomas C....

LOUISVILLE Ky., March 16, 2020 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company will make an announcement regarding the timing of the 146th Kentucky Oaks and Derby on Tuesday, March 17, 2020 at 9 a.m. ET.Media, investors and other interested parties may listen to the teleconference by calling (877) 372-0878 and entering the conference ID number 1848836 at least 10 minutes before the appointed time. International callers should dial (253) 237-1169.  About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also...

Most of the funds will be directed to support the global response and the immediate needs of communities hardest hit by COVID-19CAMBRIDGE, Mass., March 16, 2020 (GLOBE NEWSWIRE) — Biogen Inc. (Nasdaq: BIIB) today announced that the Biogen Foundation has committed $10 million to support global response efforts and communities around the world impacted by the COVID-19 pandemic. The funds will be used to address immediate critical needs, with the majority of donations going to support non-profit organizations in the U.S., including Massachusetts and North Carolina, in Italy and in other impacted countries worldwide. This donation will be used to help expand testing options, ease the strain on medical systems, provide training for front line health workers and support access to necessities like food. This adds to the donation made by...

CHICAGO, March 16, 2020 (GLOBE NEWSWIRE) — SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, has been selected as the parking management company to serve Park-Line Miami, the highly-anticipated, luxury residential community at Virgin MiamiCentral.The parking facility includes four levels to accommodate more than 900 vehicles. SP+ will provide both valet parking and concierge services to residents and visitors at the front entrance.“SP+’s parking expertise, focus on customer service and corporate culture were necessary attributes when choosing a partner for Miami’s most connected and innovative transit-oriented development, Park-Line Miami,” commented Najam Syed, Head of Asset Management at Virgin...

PRINCETON JUNCTION, N.J., March 16, 2020 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (NYSE:MG) has postponed its earnings release and conference call related to its results for the fourth quarter and fiscal year ended December 31, 2019, which had previously been scheduled for March 16, 2020, and March 17, 2020, respectively. MISTRAS plans to issue its results for the fourth quarter and fiscal year ended 2019 in the near future.  A separate press release will be issued once the date for the earnings release and conference call are finalized.  The postponement of the call accommodates the additional time required to complete the accounting for the income tax provision.About MISTRAS Group, Inc.MISTRAS is a leading “one source” global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical...

DEERFIELD, Ill., March 16, 2020 (GLOBE NEWSWIRE) — RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, announced it will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission (the “SEC”) to provide a 15 calendar day extension within which to file its Form 10-K for the fiscal year ended December 31, 2019.The Audit Committee (the “Audit Committee”) of the Company’s Board of Directors, with the assistance of independent legal and forensic accounting advisors, is in the process of conducting an internal investigation of current and prior period matters relating to the Company’s revenue recognition practices regarding the timing of revenue with respect to certain contractual arrangements, primarily with OEM customers, including the accounting treatment, financial reporting...