Day: June 23, 2020

MALVERN, Pa., June 23, 2020 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA”), a commercial-stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today announced the commencement of a proposed underwritten public offering of 3,000,000 shares of its common stock.  In addition, TELA expects to grant the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock in the offering.  All shares of common stock are being offered by TELA.  The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.Jefferies LLC and Piper Sandler & Co. are acting as joint...

SIOUX FALLS, S.D., June 23, 2020 (GLOBE NEWSWIRE) — MetaBank®, N.A., (“Meta”), a wholly-owned subsidiary of Meta Financial Group, Inc.® (the “Company”) (Nasdaq: CASH), announced today that Brett Pharr has been promoted to Co-President and Chief Operating Officer of MetaBank. The announcement is part of aligning business lines to best execute on Meta’s strategic initiatives. Brad Hanson will continue to lead the Company serving as Co-President and Chief Executive Officer of MetaBank and President and Chief Executive Officer of the Company. Pharr will report to Hanson. Pharr joined Meta in February 2019, as EVP, Group Head of Governance, Risk and Compliance. In this role, he was responsible for overseeing Meta’s risk, compliance, legal, credit administration and government relations functions. During his time at Meta, Pharr also led...

MONROE, Mich., June 23, 2020 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported its operating results for the fiscal 2020 fourth quarter and full year ended April 25, 2020.Fiscal 2020 full year versus Fiscal 2019 full year:• Consolidated sales decreased 2.4% to $1.70 billion, reflecting ten months of strength and two months of dramatic temporary impact from the COVID-19 pandemic• Consolidated operating margin:GAAP: 7.0% versus 7.4%Non-GAAP*: 8.2% versus 7.8%• Upholstery: 10.8% versus 10.1%• Retail: 8.2% versus 6.9%• Net income attributable to La-Z-Boy Incorporated per diluted share (“EPS”):GAAP: $1.66 versus $1.44Non-GAAP*: $2.16 versus $2.14• Cash generated from operating activities increased 9.0% to $164.2 million• The company returned $68.4 million to shareholders through...

ANDOVER, Mass., June 23, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced volume production of its newest, high-density (HD) secure memory device, with the most capacity in the smallest form factor available. Mercury takes data-intensive processing applications to the edge by embedding 4GB of double data rate third-generation (DDR3) synchronous dynamic random-access memory (SDRAM) in a compact, ruggedized package for optimal data center-grade performance in harsh environments.“Our new 4GB HD DDR3 module is an innovative offering for our customers’ volatile memory requirements, with the largest capacity available in the smallest form factor, making it ideal for use in modern commercial avionics, missile...

Barranquilla, Colombia, June 23, 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 its Board of Directors has declared a quarterly cash dividend of $0.0275 per share, or $0.11 per share on an annualized basis, for the second quarter of 2020. The dividend will be paid on July 31, 2020 to shareholders of record as of the close of business on July 8, 2020.

SAN JOSE, Calif., June 23, 2020 (GLOBE NEWSWIRE) — Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly-traded venture capital fund, today announced that its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held in a virtual-only format due to continued public health concerns related to coronavirus / COVID-19, and to support the health and well-being of our stockholders and other meeting participants. As previously announced, the Annual Meeting will be held on July 2, 2020 at 2:00 p.m., Pacific Time. Stockholders will not be able to attend the Annual Meeting in person.As described in the Fund’s proxy materials previously distributed for the Annual Meeting, stockholders as of the close of business on March 13, 2020 are entitled to attend and vote at the Annual Meeting. To attend the Annual...

CORAL GABLES, Fla., June 23, 2020 (GLOBE NEWSWIRE) — AMERANT BANCORP INC. (NASDAQ: AMTB and AMTBB) (the “Company”) today announced the closing of its previously announced registered offering of senior notes due 2025 (the “Notes”). Due to the incremental demand for the Notes, the Company increased the size of its offering to an aggregate principal amount of $60.0 million of Notes. The Notes bear interest at 5.75% per annum, payable semi-annually in arrears on June 30 and December 30 of each year, commencing on December 30, 2020 and ending on the earlier of the optional redemption date (which is on or after three months prior to the maturity of the Notes) or the maturity date. The Notes are unsecured and unsubordinated, and rank equally with all of the Company’s existing and future unsecured and unsubordinated indebtedness....

ANDOVER, Mass., June 23, 2020 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today affirmed its 2020 Annual Meeting of Stockholders (“Annual Meeting”) will be conducted via audio webcast, as had previously been announced on June 4, 2020.Computershare will host the virtual Annual Meeting. To access the virtual Annual Meeting, parties should go to http://www.meetingcenter.io/247759552 no later than 8:45 am on June 26, 2020.A stockholder or guest will be admitted upon entering his or her name and email address, as well as the password VICR2020, on the launch page of this website.Stockholders who did not register with Computershare by June 19, 2020, pursuant to the instructions set forth in the press release of June 4, 2020, will not be able to vote, change a previously submitted vote, review the stockholder list, or ask questions....

LA JOLLA, Calif., June 23, 2020 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”), today announced the underwritten public offering of 1,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), subject to market and other conditions. All of the shares in the offering are to be sold by Palomar. Palomar intends to grant the underwriters a 30-day option to purchase up to 150,000 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to make contributions to the capital of Palomar Excess and Surplus Insurance Company and to fund future growth.Barclays Capital Inc., J.P. Morgan and Keefe,...

Southfield, Michigan, June 23, 2020 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named #18 in IDG’s Insider Pro and Computerworld 2020 Best Places to Work in IT in the Midsize category.The Best Places to Work in Information Technology (“IT”) list is an annual ranking of the top 100 work environments for technology professionals by IDG’s Insider Pro and Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development and training opportunities. In addition, Computerworld conducted a survey of our IT team, and their responses were analyzed and factored heavily in determining our award ranking.This is the fifth workplace award that we’ve received...