Topic: Legal

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Odds and ends…
August 12, 2005—It’s been hard to keep up with all the filings that have come out these past few days. So rather than focus on one company today, I’m going to list some of the interesting tidbits I and several other regulars have found buried in the filings this past week: OPTIONS HOG: Scholastic (SCHL) Chairman […]

August 8, 2005—It’s always interesting to see what turns up in the Friday night dump — what companies try to bury in their SEC filings late on a Friday when they think nobody is looking — and this past Friday had plenty of interesting stuff. For example, late Friday in their routine Q, Molson-Coors Brewing (TAP) disclosed […]

Prison pays off..
July 22, 2005—Like gangsta rappers and Martha Stewart, a stint in prison actually seems to have boosted the value of teen-shoe king Steve Madden, the creative and design chief at his namesake company, Steve Madden (SHOO). Madden, who served 41 months at a federal prison in Florida for a stock fraud scheme and insider trading, was released […]

The final chapter?
June 30, 2005—Adesa, (KAR), which has been something of a regular on the blog as the result of a lawsuit filed by the son of the company’s No. 2 executive and then the subsequent resignation of that executive as detailed here has apparently come to terms with James Hallett, 51, its former No. 2 who stepped down […]

A sad day…
June 28, 2005—So the verdict is in on former Healthsouth (HRC) Chairman and CEO Richard Scrushy and he’s been acquitted of all 36 charges, including the Sarbanes-Oxley charge, which is simply amazing. I’ll try to avoid making too much fun of the people of Birmingham here (though it’s very difficult). Still, it’s interesting to note that more […]

Coming clean…
June 27, 2005—Indianapolis-based Marsh Supermarkets (MARSA) put out a pretty interesting proxy last week. Among the disclosures was that Chairman and CEO Don Marsh, who made nearly $1.3 million in salary and bonus last year, got the company to pick up nearly $70K for financial planning and “other professional fees” (whatever that means). Then there was the […]

Perfect timing…
June 16, 2005—Late yesterday, Hewlett Packard (HPQ) announced that it had hired R. Todd Bradley to head up the company’s personal computing unit — PCs, laptops and handhelds — which it decided to separate from the more profitable printing unit and make a standalone business once again. Bradley, 46, will receive a salary of $750K, a $1 […]

Either way, investors lose…
June 9, 2005—Last week, Standard Management Corp. Received approval from insurance regulators in Indiana to sell off its subsidiary, Standard Life Insurance Co. of Indiana. As the company noted in this release, that decision prompted its longtime CFO, P.B. “Pete” Pheffer, to resign. But Pheffer, who in 2003 made $350K, is looking for considerably more now that […]

Rock’em, sock’em…
May 13, 2005—In the 10-K that it filed this morning, Circuit City (CC) had some interesting disclosures about its ongoing war with RadioShack (RSH) over the fate of the more than 900 RadioShack stores it currently operates in Canada, but which it is in the process of renaming The Source by Circuit City — something it plans […]

Where to begin?
April 25, 2005—There were so many interesting things buried in the proxy that HomeBanc (HMB) filed on Friday that it’s hard to know where to begin. Back in 2003, when it purchased the Jacksonville home of newly hired executive Kevin Race for $1.7 million, the company, which happens to be in the mortgage origination business, said it […]