Day: February 16, 2021

GLENVILLE, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) — The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it plans to seek approval for a reverse stock split of TrustCo’s common stock at the upcoming annual meeting of TrustCo’s shareholders. The proposal will include a 1 for 5 reverse stock split and the reduction of the number of authorized shares of common stock from 150,000,000 to 30,000,000, as determined by TrustCo’s Board of Directors. This proposed reduction in authorized shares would become effective at the same time as the effective date of the proposed reverse stock split.The time, date, location and other details regarding the annual meeting will be communicated to shareholders at a later date via proxy materials which will be filed with, and subject to review by, the Securities and...

NEW YORK, HAMILTON, Bermuda, and THOUSAND OAKS, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), Athene Holding Ltd. (NYSE: ATH) (“Athene”), and AmeriHome Mortgage Company, LLC, the nation’s third largest correspondent mortgage acquirer (“AmeriHome”), today announced the execution of a definitive agreement to sell AmeriHome to a subsidiary of Western Alliance Bancorporation (NYSE: WAL) (“Western Alliance”).The transaction marks the next chapter in AmeriHome’s story, as AmeriHome becomes a subsidiary of Western Alliance, one the country’s top-performing public banks. AmeriHome was founded in 2013 by AmeriHome management and funds affiliated with Apollo and subsidiaries of Athene to provide capital to US homeowners and residential mortgage...

COLUMBIA, Md., Feb. 16, 2021 (GLOBE NEWSWIRE) — W. R. Grace & Co. (NYSE:GRA) today announced that Hudson La Force, President and Chief Executive Officer, and Bill Dockman, Senior Vice President and Chief Financial Officer, will present at the virtual UBS Chemicals Conference on Tuesday, February 23, 2021. The company will also participate in small group discussions as part of the virtual conference.Scheduled to begin at 1:00 p.m. ET, the presentation will be webcast simultaneously on Grace’s website. To listen to the live audio webcast, go to investor.grace.com and click on the Events & Presentations tab in the Investors section. A replay of the webcast will be available there for at least 90 days. The investor presentation related to this conference can be accessed at investor.grace.com on the day of the conference.About...

PITTSBURGH, Feb. 16, 2021 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:Raymond James 42ndAnnual Institutional Investors ConferenceDate: Tuesday, March 2Time: 3:50 p.m. ETPlace: VirtualParticipantsDr. Chuck Mattera, Chief Executive Officer, II-VIMary Jane Raymond, Chief Financial Officer, II-VIA real-time audio webcast of the presentation can be accessed via the Investors section of the II-VI website at https://www.ii-vi.com/investors-events/. A replay of the webcast will be available on the Company’s website following the conclusion of the event.About II-VI IncorporatedII-VI Incorporated, a global leader in engineered materials and optoelectronic components, is...

Strong Written Orders Drive Record BacklogQuarterly Dividend IncreasedMONROE, Mich., Feb. 16, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported strong operating results for the fiscal 2021 third quarter ended January 23, 2021.Fiscal 2021 third quarter versus Fiscal 2020 third quarter:Consolidated sales decreased 1.2% to $470.2 millionWritten same-store sales for the entire La-Z-Boy Furniture Galleries® network increased 6.3%, with strong acceleration in JanuaryConsolidated operating margin:GAAP: 7.3% versus 11.0%Non-GAAP(1): 9.5% versus 9.4%Wholesale(2): 10.2% versus 11.1%Retail: 8.9% versus 9.8%Net income attributable to La-Z-Boy Incorporated per diluted share (“EPS”):GAAP: $0.62 versus $0.74Non-GAAP(1): $0.74 versus $0.72Strong cash generation, with fiscal year-to-date...

LEIDEN, Netherlands & CAMBRIDGE, Mass., Feb. 16, 2021 (GLOBE NEWSWIRE) — ProQR Therapeutics N.V. (Nasdaq: PRQR) (the “Company”), a company dedicated to changing lives through the creation of transformative RNA therapies for inherited retinal diseases (IRDs), today announced that the Company will host an Expert Perspectives call on February 22, 2021 at 12:00pm EST. The call will feature a discussion between Aniz Girach, MD, Chief Medical Officer of ProQR Therapeutics and Paul Yang, MD, PhD about disease education and endpoints in Usher syndrome and non-syndromic Retinitis Pigmentosa (nsRP).  Areas of focus for the session will include which vision measures are most informative in the context of this disease setting, the role of patient baseline and disease progression, and an overview of the objectives of the Phase 1/2 Stellar...

SUNNYVALE, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) — In connection with the initial public offering (the “IPO”) of the ordinary shares of JFrog Ltd. (“JFrog” or the “Company”) (NASDAQ: FROG), the liquid software company, the Company’s directors, executive officers and greater than 5% shareholders and substantially all of the other shareholders entered into lock-up agreements with the underwriters for the IPO to restrict their ability to sell or transfer ordinary shares of the Company through March 14, 2021, subject to early release exceptions. Pursuant to the terms of the lock-up agreements with the underwriters, 25% of the shares subject to each lock-up agreement became eligible for sale in the public market at the open of trading on November 25, 2020. Since JFrog will be in its standard quarterly trading blackout period on March...

MONROE, Mich., Feb. 16, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Kurt L. Darrow will retire from his positions as President and Chief Executive Officer (“CEO”) on April 25, 2021, after more than 40 years of service to the company. His retirement follows the end of La-Z-Boy’s fiscal 2021 year. He will remain Chairman of the Board of Directors, in a non-executive capacity.Reflecting the company’s long-standing commitment to thoughtful succession planning, Melinda D. Whittington, Chief Financial Officer (“CFO”), was unanimously appointed by the Board to serve as President and CEO of La-Z-Boy Incorporated. Robert (“Bob”) G. Lucian, Vice President, Finance, will succeed Whittington in the role of CFO. In addition, Whittington was elected to serve on the...

RENTON, Wash., Feb. 16, 2021 (GLOBE NEWSWIRE) — First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share on the Company’s outstanding common stock, a $0.01 increase from the prior quarter. The cash dividend will be payable on March 26, 2021, to shareholders of record on March 12, 2021.First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 14 full-service banking offices. For additional information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link...

FRISCO, TX, Feb. 16, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2020.Financial Results for the Three Months Ended December 31, 2020For the fourth quarter of 2020, Comstock reported net income available to common stockholders of $77.5 million or $0.30 per diluted share. The quarter results included a $80.2 million unrealized gain on the mark-to-market value of the Company’s derivative financial instruments that are held to hedge oil and natural gas prices. The adjusted net income available to common stockholders excluding the unrealized gain on the hedge contracts and other non-recurring items for the fourth quarter of 2020 was $34.6 million or $0.14 per diluted share.Comstock...