Nearly three years after Dowling College filed for bankruptcy, a trustee for the institution’s creditors has filed suit against the school’s trustees and two former officials, alleging years of “waste, mismanagement and breach of fiduciary duty.”...
Carle Place-based 1-800-Flowers.com Inc. disclosed in a regulatory filing that a director’s retirement brought it out of compliance with Nasdaq Stock Market listing requirements, and said it would quickly appoint a new director to be back in compliance. Lawrence Calcano retired from the company’s board of directors on Dec. 13...
Dissident stockholders at Surge Components Inc. in a government filing Tuesday said they are “shocked and outraged” that the board of directors has adopted a “poison pill” that seeks to cap share purchases. A poison pill is a tactic used to avert takeovers deemed hostile by the board of directors...
Frequency Electronics Inc. has reached an agreement to expand its board of directors and appoint two new board members designated by an activist hedge fund.....
Equilar, an executive pay data firm, has ranked the 200 highest-paid CEOs at public U.S. companies in 2014. David Zaslav of Discovery Communications topped the list with $156.1 million in total compensation. Marissa Mayer, the leader of Yahoo!, was the highest-earning woman in the rankings, at No. 14, with $42.1 million. See more on the rankings here...
ISS had challenged Veeco on several issues, including the value calculated for 2013 stock options granted to Veeco CEO John Peeler, and which companies should be viewed as its peers in evaluating executive pay . A Veeco spokesman said the company ...