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Jones Soda Co. Appointed and Resignation of Board of Directors
Hey Guys,
Jones Soda Co. (NASDAQ:JSDA), On August 30, 2006 announced Resignation of Matt Kellogg, A Director of Jones Soda Co., gave written notice to the company of his resignation from the Board and Audit Committee, effective immediately. Mr. Kellogg has served on the Board of Directors for seven years, since May 1999. The company is grateful to Mr. Kellogg for his years of service and dedication to the company.
Also, On August 28, 2006 the company appointed Richard S. Eiswirth Jr. to the Board of Directors. In addition to his service on the board. Mr. Eiswirth will also serve on the company’s audit committee.
Mr. Eiswirth is currently the Chief Financial Officer of Alimera Sciences, Inc., serving in such capacity since October 2005. Prior to joining Alimera Sciences, Mr. Eiswirth was the chief financial officer and senior executive vice president of Netzee, Inc., a provider of internet banking solutions to community banks, from August 1999 to April 2002. He is also the founder of two consulting practices, Brand Ignition Group LLC and Black River Holdings, Inc. Mr. Eiswirth started his career in Arthur Andersen’s audit and business advisory practice where he was a senior manager and certified public accountant. His experience includes financial and accounting management, mergers and acquisitions, initial public offerings, and entrepreneurial and start-up operational activities. He received an accounting degree from Wake Forest University in 1991. Mr. Eiswirth also serves on the board of directors, and is the chair of the audit committee, for Color Imaging, Inc.
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Tiffany & Co Expands it Share Repurchase Program
Hey Guys,
August 31, 2006 – Tiffany & Co. (NYSE: TIF) today reported that its Board of Directors has extended the expiration date of the Company’s current share repurchase program and has authorized a substantial increase in the amount of shares that may be repurchased.
The program has been extended and is now scheduled to expire in December 2009. In addition, the Board has authorized the Company to repurchase up to an additional $700 million of the Company’s common stock.
The current repurchase program was authorized in March 2005 to repurchase up to $400 million of the Company’s common stock and was scheduled to expire in March 2007. Through July 31, 2006, the Company had spent approximately $287 million to repurchase 8,254,326 shares of its common stock at an average cost of $34.82 per share.
The Board’s latest action will enable the Company to repurchase up to $813 million of the Company’s common stock from this date forward. Tiffany had approximately 138 million shares of common stock outstanding at July 31, 2006.
Michael J. Kowalski, chairman and chief executive officer, said, “The Board has
confidence in Tiffany’s growth potential and ability to maintain financial
strength, and believes this action represents an appropriate way to return
excess capital to shareholders.”
Also, Tiffany & Co reported their second quarter. Read it Here
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