Month: April 2020

NEEDHAM, Mass., April 22, 2020 (GLOBE NEWSWIRE) — Chiasma, Inc. (NASDAQ: CHMA), a clinical, late stage biopharmaceutical company focused on improving the lives of patients who face challenges associated with their existing treatments for rare and serious chronic diseases, today announced the appointment of Anand Varadan as Executive Vice President, Chief Commercial Officer. Mr. Varadan will lead Chiasma’s commercial strategy and operations.“We are fortunate to have someone of Anand’s caliber join our leadership team. Anand’s prior tenure with Chiasma and his breadth and depth of relevant experience building commercial organizations and leading successful product launches will be critical to our success,” said Raj Kannan, Chief Executive Officer of Chiasma. “Anand’s strategic orientation and leadership skills will be instrumental...

WILMINGTON, N.C., April 22, 2020 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported a first quarter 2020 net loss of $7.6 million, or $(0.19) per diluted share, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first quarter of 2019.  The first quarter of 2020 was largely impacted by risks and uncertainties related to the developing COVID-19 pandemic. “The first quarter of 2020 will always be remembered as an unprecedented time in world history.  Despite the challenges thrust upon us all, Live Oak’s people have worked tirelessly throughout this period to connect with each of its customers to understand their situation and offer payment relief.  We have been on a relentless pursuit to interpret and implement new loan programs and subsequently deploy...

GRAND RAPIDS, Mich., April 22, 2020 (GLOBE NEWSWIRE) — UFP Industries, Inc. (Nasdaq: UFPI) today announced record net sales and net earnings for the first quarter of 2020, as well as record EPS of $0.65 per diluted share, a 12 percent increase over the same period of 2019.“Our team jumped out of the gates quickly, extending our record-setting performance from 2019 while delivering an excellent first quarter,” stated CEO Matthew J. Missad. “The realignment we announced last year is going very well, and we are seeing additional opportunities for improvement as a result of these changes. When COVID-19 changed the business landscape late in the first quarter, our business unit and segment leaders adapted quickly, working hard to ensure the safety of our employees while providing essential products and services to our customers. I would...

Not for distribution to U.S. news wire services or dissemination in the United States.TORONTO, April 22, 2020 (GLOBE NEWSWIRE) — Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and PI Financial Corp., under which the underwriters have agreed to buy on bought deal basis 2,615,000 common shares (the “Common Shares”), at a price of C$7.65 per Common Share for gross proceeds of approximately C$20 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or...

MONROE, Mich., April 22, 2020 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced it will begin to resume operations at partial production capacity at several U.S.-based plants on April 27, 2020, following the temporary closure of its manufacturing facilities and company-owned La-Z-Boy Furniture Galleries® stores in response to the COVID-19 pandemic.  The company is resuming production to work through its existing backlog and to be able to service expected demand.  Additionally, over the past week, based on various applicable state guidelines, the company opened several retail locations across the U.S. on a reduced schedule and expects to open additional stores in the coming weeks.  Regional Distribution Centers remain operational to deliver in-process orders.Kurt L. Darrow,...

MADISON, Wis., April 22, 2020 (GLOBE NEWSWIRE) — Sonic Foundry, Inc. (OTC Pink Sheets: SOFO) announced today it has secured a $2.3 million loan from First Business Bank under the Paycheck Protection Program contained within the Coronavirus Aid, Relief and Economic Security (CARES) Act that was signed into law on March 27, 2020. “We’ve learned quickly that in the face of the COVID-19 pandemic, our products and solutions have never been more critical. Our teams have been working around the clock to ensure our global customer base can pivot to meet the increased demand of using video to conduct essential business, to keep virtual conferences on the schedule and to maintain classes for all students,” said Michael Norregaard, CEO of Sonic Foundry.  “As our employees work from their home bases, they can do so with the comfort and confidence...

RUSTON, La., April 22, 2020 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (Nasdaq: OBNK) (“Origin”), the holding company for Origin Bank, today announced that on April 22, 2020, its Board of Directors declared a quarterly cash dividend of $0.0925 per share of its common stock. The cash dividend will be paid on May 29, 2020, to stockholders of record as of the close of business on May 15, 2020.About Origin Bancorp, Inc.Origin is a financial holding company for Origin Bank, headquartered in Ruston, Louisiana, which provides a broad range of financial services to small and medium-sized businesses, municipalities, high net-worth individuals and retail clients from 43 banking centers, located from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi, as well as in Houston, Texas. For more information, visit www.origin.bank.When...

EMLENTON, Pa., April 22, 2020 (GLOBE NEWSWIRE) — Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $1.2 million, or $0.44 per diluted common share, for the three months ended March 31, 2020, a decrease of $892,000, or 42.8%, from $2.1 million, or $0.77 per diluted common share, reported for the comparable period in 2019.  The decrease in net income for the three months ended March 31, 2020 compared to the same period in 2019 resulted from decreases in net interest income and noninterest income and an increase in the provision for loan losses, partially offset by decreases in noninterest expense and the provision for income taxes.William C. Marsh, Chairman, President and Chief Executive Officer of the Corporation...

MCLEAN, Va., April 22, 2020 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) is providing the following business update regarding portfolio performance and economic stability during this time of significant market volatility related to the global COVID-19 pandemic.  Our team has transitioned seamlessly to the work-at-home arrangement and is focusing on current portfolio performance and economic stability, with a continued emphasis on maintaining appropriate liquidity, inclusive of capital markets initiatives. In addition, we continue to have active market engagement with a primary focus toward industrial investment opportunities.   Our primary focus is on managing the existing portfolio to maintain cash flow to maximize profitability and shareholder value, with the following highlights:Portfolio...