Month: May 2020

SANTA MONICA, Calif., May 28, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE) announced today a strategic restructuring of its workforce to reinforce its pursuit of a best-in-class car buying experience.In anticipation of the termination of its partnership with USAA Federal Savings Bank later this year, TrueCar initiated a workforce reduction impacting 219 positions, over 30% of the organization. The timing and scope of the reduction was accelerated by the impact of COVID-19. As part of the workforce reduction, the company expects to reduce annual expenses related to headcount, excluding stock-based compensation, by approximately $35 million.Strategic restructuring to support a leaner operating model and reinforce focus on the consumer experienceIn parallel with the workforce reduction, TrueCar also made changes to better align...

BOSTON, May 28, 2020 (GLOBE NEWSWIRE) — THL Credit, Inc., (NASDAQ: TCRD) (the “Company”), a direct lender to middle market companies, today announced that its shareholders have approved entry into an investment management agreement between the Company and First Eagle Alternative Credit, LLC, formerly known as THL Credit Advisors LLC (the “Adviser”). The new investment management agreement replaces a prior interim agreement with the Adviser, and is effective immediately.First Eagle Alternative Credit is a leading investment manager formed by the combination of THL Credit Advisors LLC and First Eagle Investment Management, LLC’s (“First Eagle”) credit business. With assets under management and advisement of approximately $23 billion as of March 31, 2020, First Eagle Alternative Credit is among the leaders in both tradable credit and...

WILLIAMSVILLE, N.Y., May 28, 2020 (GLOBE NEWSWIRE) — National Fuel Gas Company (NYSE: NFG) (the “Company”) today announced that the Company has commenced an underwritten public offering of 3.25 million shares of the Company’s common stock (the “Common Stock”). The Company is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933. The Company expects to grant the respective underwriters a 30-day option to purchase up to an additional 487,500 shares of Common Stock.The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the payment of a portion of the purchase price for its previously announced acquisition of certain assets from SWEPI LP (the “Acquisition”). The offering is not contingent upon the consummation of the Acquisition.J.P....

Barranquilla, Colombia, May 28, 2020 (GLOBE NEWSWIRE) — Tecnoglass, Inc. (NASDAQ: TGLS) (“Tecnoglass” or the “Company”), a leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, today announced that the Company will attend the Baird 2020 Virtual Global Consumer, Technology & Services Conference on Thursday, June 4, 2020.Tecnoglass’ latest investor presentation will be provided at this conference. Prior to Tecnoglass’ attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investor Relations section of the Company’s website at www.tecnoglass.com.About TecnoglassTecnoglass Inc. is a leading manufacturer of architectural glass, windows, and associated aluminum...

Dallas, Texas, May 28, 2020 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE:  VHI) announced that at its annual stockholder meeting held today, its stockholders approved a reverse stock split of the company’s common stock and that, following the stockholder approval, its board of directors established a reverse stock split ratio of 1-for-12.  The reverse stock split is expected to occur on June 1, 2020, with trading to begin on a split-adjusted basis on the New York Stock Exchange (NYSE) at the market open on June 2, 2020.  Trading in the common stock will continue on the NYSE under the symbol “VHI” but the security will be assigned a new CUSIP number.No fractional shares will be issued in connection with the reverse stock split. Stockholders otherwise entitled to receive a fractional share as a result of the reverse stock split will receive...

FAIRFIELD, N.J. and MILLINGTON, N.J., May 28, 2020 (GLOBE NEWSWIRE) — Kearny Financial Corp. (Nasdaq: KRNY) (“Kearny”) and MSB Financial Corp. (Nasdaq: MSBF) (“MSB”) jointly announced that the parties have received all the shareholder and regulatory approvals or waivers necessary to complete the merger of MSB into Kearny. The special meeting of MSB’s shareholders to approve the merger was held on May 28, 2020. At the MSB special meeting, shareholders also approved, on a non-binding advisory basis, the compensation that may become payable to the named executive officers of MSB in connection with the merger. The parties expect to close the merger early in the third calendar quarter of 2020, subject to the satisfaction of customary closing conditions.The combined company is expected to have approximately $7.37 billion in assets and...

RESEARCH TRIANGLE PARK, N.C., May 28, 2020 (GLOBE NEWSWIRE) — BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced that the company will present at the Jefferies Virtual Healthcare Conference on Thursday, June 4, 2020 at 10:30 a.m. ET.Links to a live audio webcast and replay of this presentation may be accessed in the Investors section of BioCryst’s website at http://www.biocryst.com.About BioCryst PharmaceuticalsBioCryst Pharmaceuticals discovers novel, oral, small-molecule medicines that treat rare diseases in which significant unmet medical needs exist and an enzyme plays a key role in the biological pathway of the disease. BioCryst has several ongoing development programs including berotralstat (BCX7353), an oral treatment for hereditary angioedema, BCX9930, an oral Factor D inhibitor for the treatment of complement-mediated...

ISSAQUAH, Wash., May 28, 2020 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the third quarter (12 weeks) and the first 36 weeks of fiscal 2020, ended May 10, 2020.Net sales for the quarter increased 7.3 percent, to $36.45 billion from $33.96 billion last year. Net sales for the first 36 weeks increased 7.8 percent, to $110.94 billion from $102.90 billion last year.Comparable sales for the third quarter fiscal 2020 were as follows:*Excluding the impacts from changes in gasoline prices and foreign exchange.Reported net income for the third quarter was $838 million, or $1.89 per share, which was negatively impacted by $283 million pretax, or 47 cents per diluted share, from incremental wage and sanitation costs related to COVID-19. Last year’s...

SUNNYVALE, Calif., May 28, 2020 (GLOBE NEWSWIRE) — Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, will be participating in the William Blair 40th Annual Growth Stock Conference, which is being held virtually June 9-11.Ooma CEO Eric Stang and CFO Ravi Narula are scheduled to present on Wednesday, June 10 at 4:40 p.m. Central time. The presentation will be webcast as live audio and available for replay from the Events & Presentation page of the Investor Relations section of Ooma’s website, www.ooma.com.About Ooma, Inc.Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features that are flexible and scalable. For consumers, Ooma’s...

FORT MYERS, Fla., May 28, 2020 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) announces today that the State of Florida approved entering into an option agreement submitted by Alico which grants the State an option to purchase approximately 10,684 acres of Alico Ranch for approximately $28.5 million under the Florida Forever program.John Kiernan, Alico’s President and Chief Executive Officer, commented, “We are pleased the State of Florida has approved entering into this option agreement which grants it an option to purchase approximately 10,684 acres on the west side of the Alico Ranch. If exercised, we expect the State to close on the purchase by the end of our 2020 fiscal year.  Alico is committed to our culture of conservation.  Last year, Alico sold approximately 5,500 acres of pristine land to the...