Advertisement
HomeCollectionsShareholders
IN THE NEWS

Shareholders

FEATURED ARTICLES
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 2, 2011
Shareholders of Sinclair Broadcast Group Inc. approved the company's executive pay package in a "say on pay" nonbinding vote Thursday. Besides weighing in on compensation during Sinclair's annual meeting, shareholders also re-elected the broadcaster's eight directors, including Chairman David D. Smith, Sinclair's chief executive officer and president. Smith's total compensation last year was $3.6 million, including $1 million base salary, $1 million cash bonus and $1.6 million in option awards, up from a total compensation of $1 million in salary with no bonuses or option awards in 2009.
ARTICLES BY DATE
NEWS
By Robert B. Reich | August 13, 2014
In recent weeks, the managers, employees and customers of a New England chain of supermarkets called Market Basket have joined together to oppose the board of director's decision in June to oust the chain's popular chief executive, Arthur T. Demoulas. Their demonstrations and boycotts have emptied most of the chain's 71 stores. What was so special about Arthur T., as he's known? Mainly, his business model. He kept prices lower than his competitors, paid his employees more, and gave them and his managers more authority.
Advertisement
BUSINESS
By Hanah Cho and Gus G. Sentementes, The Baltimore Sun | November 17, 2011
Shareholders for Baltimore-based Constellation Energy Group Inc. and Chicago-based Exelon Corp. have approved the merger of the two energy companies. The confirmation Thursday of the proposed $7.9 billion deal by shareholders was widely expected by analysts, but the merger has its critics. Federal and state regulatory reviews are still required for the deal, which the companies' officials say is on track to close in the first quarter of next year. More than three-quarters of Constellation's shareholders submitted votes on the deal at a special shareholders' meeting in New York.
BUSINESS
By Scott Dance, The Baltimore Sun | April 29, 2014
Orbital Sciences Corp. and Alliant Techsystems Inc. said Tuesday that they plan to merge in a $5 billion deal, creating a new aerospace and defense company called Orbital ATK Inc. that will employ 4,000 people in Maryland and Northern Virginia. The top executives of both companies said they spent six months discussing the all-stock deal, calling it a "merger of equals" that complement each other's business. The new company will be based at Orbital's campus in Dulles, Va., and Orbital CEO David Thompson will lead it. Thompson and Mark DeYoung, CEO of ATK, said they don't foresee changes at major ATK operations in Maryland, including the company's defense group based in Canton and at offices focused on space and satellite business in Elkton and Beltsville.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 25, 2011
Stanley Black & Decker shareholders aren't happy about what the company is paying top executives. About 54 percent of shareholders voted against the executive compensation packages, 35 percent gave them a thumbs up and the rest abstained or were broker non-votes, the company said last week. The results are advisory only, which means the company isn't forced to change its pay practices. Nolan D. Archibald, executive chairman of the company and the former CEO of Towson-based Black & Decker, earned $28 million last year, the company reported earlier.
BUSINESS
By Hanah Cho, The Baltimore Sun | July 27, 2010
Legg Mason Inc. shareholders voted Tuesday against two proposals that would have called for deferring executive bonuses and splitting the positions of chairman and chief executive officer, both of which are held by Mark R. Fetting. In 2007, shareholders narrowly approved a similar nonbinding proposal to split the dual role, which was then held by longtime chief Raymond A. "Chip" Mason. The change was not implemented, but the company beefed up the role of its lead independent director to address shareholder concerns.
NEWS
By Eileen Ambrose, The Baltimore Sun | April 18, 2013
Shareholders of Arbitron Inc. overwhelmingly approved the sale of the Columbia-based company to Nielsen Holdings N.V. during a special stockholders meeting Tuesday. Nielsen, the TV ratings company, announced late last year that it would pay $1.26 billion in cash for Arbitron, which measures radio audiences. Arbitron spokesman Thom Mocarsky said the deal still needs approval from the Federal Trade Commission. Company officials, though, expect the sale to close by the end of the third quarter.
BUSINESS
By Hanah Cho, The Baltimore Sun | May 9, 2011
Constellation Energy Group shareholders have filed six lawsuits in Baltimore City Circuit Court since the power company announced in late April that it had agreed to sell itself to Chicago-based Exelon Corp. for $7.9 billion in an all-stock deal. In a filing Monday with the Securities and Exchange Commission, Constellation said the class-action lawsuits allege the company's directors breached their fiduciary duties because the deal does not maximize shareholder value. Within a day of the deal's announcement, law firms were seeking plaintiffs in filing class-action lawsuits challenging the proposed union, which would create the largest U.S. competitive energy provider and one of the largest utility systems in the country.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 17, 2013
Jos. A. Bank Clothiers faces a growing shareholder revolt as demonstrated by an institutional investor's open letter last week calling for the Hampstead-based retailer to return its growing cash reserve to owners of its stock. BeaconLight Capital LLC, a New York-based investment manager that owns more than 1 percent of Jos. A. Bank, also urged the men's apparel chain to reorganize its board, realign management incentives and drop its strategy of pursuing acquisitions with its cash.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | May 4, 2010
Sports apparel company Under Armour Inc. has held its annual shareholder meeting at sports bar and restaurant ESPN Zone ever since going public several years ago. But this year the company brought the event home. The Baltimore-based company hosted the meeting Tuesday at its recently expanded headquarters at the Tide Point office complex in South Baltimore. The move saves a little money but also brings shareholders to the heart of the company, CEO and founder Kevin Plank told those attending the meeting.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 18, 2014
Eminence Capital LLC, a shareholder that's suing Jos. A. Bank Clothiers Inc. for rejecting a $1.6 billion takeover bid from rival Men's Wearhouse, accused the Hampstead-based men's retailer Tuesday of resorting to "desperate tactics" to protect management jobs by planning to buy outdoor clothing retailer Eddie Bauer. In a letter to Bank's board, Eminence, a New York hedge fund that owns a 10 percent stake in Men's Wearhouse and about 5 percent of Bank's stock, called the $825 million cash-and-stock Bauer deal "a poor strategic decision for Jos. A. Bank at a price that is in our view excessive and almost surely destroys shareholder value.
BUSINESS
The Baltimore Sun | January 21, 2014
Continuing to push Jos. A. Bank Clothiers to talk merger with Men's Wearhouse, a large shareholder identified the two men it has nominated to the Hampstead-based retailer's board. Eminence Capital LLC, a New York hedge fund that owns 4.9 percent of Bank's outstanding shares, announced Tuesday that it nominated two retail veterans to the retailer's board. They are Bruce J. Klatsky, former chairman of Phillips-Van Heusen Corp., and Norman S. Matthews, former president of Federated Department Stores.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | January 17, 2014
Jos. A. Bank Clothiers refused to roll over and play dead after the recent hostile takeover offer from Men's Wearhouse. On Friday, the Hampstead-based retailer announced that its board recommends shareholders reject a $1.61 billion acquisition offer from Men's Wearhouse, the latest move in a tug of war kicked off when Bank tried to buy its larger rival in October. Bank said in a statement that its board concluded the $57.50-a-share offer "is inadequate from a financial point of view and not in the best interest of Jos. A. Bank's stockholders.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | January 14, 2014
A large shareholder that is pushing Hampstead-based Jos. A. Bank Clothiers Inc. to negotiate with suitor Men's Wearhouse plans to nominate two company directors at Bank's annual shareholder meeting. Eminence Capital LLC, a New York hedge fund that owns 4.9 percent of Bank stock and is the largest Men's Wearhouse shareholder, asked a Delaware court Monday to force Jos. Bank to consider the rival chain's $1.61 billion hostile bid and to block Bank from acquiring another retailer to derail the bid. Eminence plans to nominate to the board two "highly-qualified, retail industry experts who will be committed to maximizing shareholder value," Ricky C. Sandler, Eminence CEO, said Tuesday in a statement.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | January 13, 2014
A New York hedge fund's push to force Hampstead-based Jos. A. Bank Clothiers Inc. to negotiate with suitor Men's Wearhouse could make it more difficult for Bank to fight off the rival chain's $1.61 billion hostile takeover attempt. Eminence Capital LLC, a major shareholder in both companies, asked a Delaware court Monday to force the men's retailer to consider the offer from the Houston chain and to stop Bank from acquiring another retailer to thwart the bid. Eminence, which owns 4.9 percent of Bank's common stock and is Men's Wearhouse's largest shareholder, also sent a letter Monday to Bank's board urging it to pursue the Houston chain's proposed merger.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 15, 2013
Jos. A. Bank Clothiers Inc. withdrew its $2.3 billion offer for Men's Wearhouse on Friday, but it left the door open for future merger talks. Even as Bank dropped the bid, the largest shareholder in Men's Wearhouse called a special shareholders meeting to consider removing directors from the retailer's board after the Houston-based chain failed to respond to Bank's $48-a-share offer by a Thursday deadline. Eminence Capital LLC, which owns 9.8 percent of Men's Wearhouse common stock, filed notice Friday morning with the U.S. Securities and Exchange Commission that it was calling the special meeting to vote on bylaw amendments.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 12, 2013
Jos. A Bank Clothier's bid for Men's Wearhouse gained new life Tuesday. Under pressure from its largest shareholder, Men's Wearhouse may reconsider a bid to merge with Jos. A. Bank Clothiers Inc. Houston-based Men's Wearhouse is asking its financial advisers to review Jos. Bank's $2.3 billion offer, according to a letter from Eminence Capital, which owns 9.8 percent of the chain's common stock. Last week, the New York hedge fund demanded the company consider Bank's acquisition proposal, which Men's Wearhouse previously rejected as too low. The advisers will present the proposal and other potential options to the Men's Wearhouse board, according to the letter from Eminence CEO Ricky C. Sandler to Men's Wearhouse CEO Doug Ewert, which was released Tuesday.
SPORTS
Sports Digest | October 16, 2013
Colleges Mullins leads No. 4 Maryland men's soccer past Marshall, 5-0 Senior forward Patrick Mullins scored two goals as No. 4 Maryland beat visiting Marshall, 5-0, in men's soccer. The win marked the Terps ' largest margin of victory this season. Junior Dan Metzger , sophomore David Kabelik and freshman Ryan Reid each scored for the Terps (6-2-5). Maryland outshot Marshall (2-7-4) by a 16-6 margin. Also, Mullins was named Atlantic Coast Conference men's soccer Co-Player of the Week.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.