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Cerium Laboratories Goes “Above and Beyond” for Texas National Guard Employee
AUSTIN, Texas--(BUSINESS WIRE)--Austin-based Cerium Laboratories was presented with the Above and Beyond Award from the Employer Support of the Guard and Reserve (ESGR) on November 21. Cerium is a world class analytical laboratory with over 20 years of materials characterization experience. ESGR recognized Cerium for their support of Dr. Will Flanagan while away as a Texas Army National Guardsman at Army Airborne School and Operation Lone Star. “Cerium went Above and Beyond by maintaining Dr. (First Lieutenant) Flanagan’s benefits and a portion of his pay while away for his National Guard duties. This level of support is not common for small companies, and we wish to recognize their policies which are so important to our National Guardsman and Reservists,” said David Blackorby, Texas ESGR Committee Chair. “At Cerium, we strive to set ourselves apart as an employee-centric company. We our proud of our Veterans and honored by this award from ESGR,” says CEO Clayton Fullwood, himself an Army Veteran. One fourth of Cerium employees are Veterans. “Furthermore, we are proud of the contributions Will is making as Director of our Research and Development Division.” Cerium has been awarded contracts with both the Air Force and Army to advance their Neutron Intercepting System on a Chip (NISoC) which is a unique miniature semiconductor device for measuring nuclear materials and neutron radiation. Dr. Flanagan’s background is in nuclear physics and he leads those projects alongside Chief Scientist, Dr. Tim Hossain. “Will’s background with nuclear detectors and mine with semiconductor manufacturing makes us a dynamic team. Furthermore, I think his service in the Guard has been invaluable as we figure out how to explain and validate our detectors to our DoD and Homeland Security partners.” Congratulations were echoed by Austin Congressmen. “We owe a great deal of gratitude for the service and sacrifices of the Texas National Guard. Undergirded by the twin pillars of family and community support, the guard’s continued success is multiplied by employers like Cerium; I’m glad we have them in Austin,” said Congressman Chip Roy. “Supercharging the domestic semiconductor ecosystem is vital to America’s economic and national security. As author of the CHIPS for America Act, I’m proud to see Cerium Labs helping to lead the charge in central Texas,” said Congressman Michael McCaul. Cerium is located at 5204 E. Ben White Blvd, Austin, TX 78741. Serving 200 clients per year in various industries, Cerium offers ISO 17025 accredited material analytics. For more information contact 830-822-5719 or sales@ceriumlabs.com. Contacts 830-822-5719 or sales@ceriumlabs.com
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Jack Nathan Health Provides Corporate Update
TORONTO--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: “JNH”; OTCQB: “JNHMF”) (the “Company”) reports that it has adjourned its annual and special meeting of shareholders of the Company (the “AGM”) until 1:30 p.m. (Toronto time) on Friday, December 23, 2022. The adjourned meeting will be held in person on December 23 (rather than via zoom and teleconference) at the offices of Dickinson Wright LLP, 199 Bay Street, Suite 2200, Commerce Court West, Toronto Ontario, Canada. The rescheduling of the AGM provides additional time to enable shareholders to comply with the Company’s advance notice by-law (the timely notice period required by the by-law will be extended for ten days to the close of business on December 12, 2022) and will allow shareholders to attend and vote at the AGM in person. About Jack Nathan Medical Corp. Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest healthcare networks. Jack Nathan Health® is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart® stores. Jack Nathan Health® provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”. Jack Nathan Health® was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres. In Canada, the Company has 76 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. 20 clinics, 2 Rehab and 5 MedSpa are corporate owned and operated. In Mexico, the Company has 108 corporate owned and operated clinics in Walmart locations. For more information, visit www.jacknathanhealth.com or www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contacts Jack Nathan Medical Corp., Spence Walker, CFO, spence.walker@jacknathanhealth.com
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The Law Offices of Frank R. Cruz Announces Investigation of Generac Holdings Inc. (GNRC) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Generac Holdings Inc. (“Generac” or the “Company”) (NYSE: GNRC) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 1, 2022, one of Generac’s channel partners, Pink Energy, filed a lawsuit against Generac, claiming that the component at the core of the Company’s solar power products, SnapRS, was defective and had caused millions of dollars of damage. On this news, Generac’s stock price fell $3.31, or 1.23%, to close at $264.99 per share on August 1, 2022. On October 7, 2022, Pink Energy declared bankruptcy. Then, on October 19, 2022, Generac disclosed that it had taken “pre-tax charges totaling approximately $55 million, including approximately $37 million of clean energy product warranty-related matter and approximately $18 million of bad debt expense related to a clean energy product customer that has filed for bankruptcy.” On this news, Generac’s stock price fell $37.44, or 25.3%, to close at $110.30 per share on October 19, 2022, thereby injuring investors. Then, on November 2, 2022, Generac released its third quarter 2022 financial results, lowering sales guidance on its solar energy business for the remainder of the year by approximately 40%. The Company’s CEO attributed the lowered guidance to “the loss of a major customer during the quarter, along with the specific warranty-related issue.” On this news, Generac’s stock price fell $8.99, or 7.8%, to close at $105.71 per share, thereby injuring investors further. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased Generac securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007 fcruz@frankcruzlaw.comwww.frankcruzlaw.com
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Living Legends Patti LaBelle, Gladys Knight, Soar at AHF’s World AIDS Day Concert at Kennedy Center
LOS ANGELES--(BUSINESS WIRE)--The AIDS Healthcare Foundation (AHF) hosted its 2022 World AIDS Day Concert on Wednesday, November 30th, at the prestigious concert hall of the Kennedy Center in Washington, D.C. Renowned multi-GRAMMY Ⓡ Award winning vocalists Patti LaBelle and Gladys Knight delivered show-stopping performances to the packed crowd, which included supporters, dignitaries such as: Harold Phillips, Director of the White House Office of National AIDS Policy; White House Senior Advisor for Public Engagement, former Atlanta mayor Keisha Lance Bottoms; Congresswoman Sheila Jackson Lee; and New Orleans Mayor LaToya Cantrell; and more, in a night of hope and celebration. AIDS Healthcare Foundation (AHF), is the world’s largest HIV/AIDS care provider, currently operating in 45 countries. The concert is held every year to commemorate World AIDS Day, observed internationally each year on December 1. This year also marked the global organization’s 35th anniversary. At the event, longtime humanitarian and AIDS advocate, Princess Diana was honored, posthumously, with AHF’s Lifetime Achievement Award. Under its “Keep the Promise!” banner, AHF also acknowledged progress made in the global fight against HIV and AIDS and continues to raise awareness about “The Other Pandemic” as a reminder of the significant work still to be done on HIV/AIDS, as well as remembering the lives that have been lost over the years. Michael Weinstein, President of AHF, said, “As millions remain affected by HIV/AIDS around the globe, World AIDS Day annually provides an opportunity to honor those we’ve lost and those living with HIV/AIDS today, as well as reminding leaders and the community of the work that still remains to address this epidemic. From providing compassionate AIDS hospice care in those darkest early days to growing to become the largest global AIDS organization today, now providing lifesaving care and treatment to more than 1.7 million people around the globe, we also celebrate the tireless work of all those who help make today’s AHF possible: our staff, Board, affiliate organizations and affinity groups, friends, family and elected officials and community partners across the globe, but most of all, our clients and patients—with our annual 2022 World AIDS Day event. It was a momentous night to host our World AIDS Day concert at the Kennedy Center for the first time, and welcome back the legendary Patti LaBelle, and have another great American icon, Gladys Knight, join us, while also being able to honor the legacy and humanitarian work of the late Princess Diana.” This was the sixth World AIDS Day concert event that AHF recently hosted to raise HIV/AIDS awareness. Prior AHF World AIDS Day concerts included: 2021: World AIDS Day concert at The FORUM in Los Angeles, produced by Debbie Allen, featuring Jennifer Hudson and Christina Aguilera and the Debbie Allen Dance Academy. The event honored Senator Bernie Sanders with AHF’s Lifetime Achievement Award and raised funds for the Debbie Allen Dance Company. 2019: A Dallas World AIDS Day concert featuring Diana Ross, Teyana Taylor and Keke Wyatt. (AHF also hosted smaller events in Florida and Atlanta, as well as a Los Angeles event at the Wilshire Ebell Theatre featuring Billy Porter, Faith Evans and Daya). 2018: “Icons of Dance,” A New York gala at the historic Apollo Theater in which AHF honored Debbie Allen with its Lifetime Achievement Award. 2017: A Los Angeles concert at the Shrine Auditorium featuring Mariah Carey, DJ Khaled, Ne-Yo, hosted by Laverne Cox and Mario Lopez. 2016: A Los Angeles concert event at Hollywood’s Dolby Theater featuring Patti LaBelle, Common and others and honoring legendary entertainer Harry Belafonte with AHF’s Lifetime Achievement Award. About AIDS Healthcare Foundation (AHF): is a global nonprofit organization providing cutting-edge medicine and advocacy to over 1.7 million people in 53 countries worldwide. We are currently the largest provider of HIV/AIDS medical care in the world. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook: www.facebook.com/aidshealth and follow us on Twitter: @aidshealthcare and Instagram: @aidshealthcare. Contacts Ged KensleaSenior Director, Communications AIDS Healthcare Foundation (AHF) Phone: 323-791-5526 c Email: ged.kenslea@ahf.org W. Imara CanadyNatl Director, Communications & Community Engagement AIDS Healthcare Foundation (AHF) 770-940-6555 c Imara.Canady@ahf.org W&W Public Relations Jacinda Chen: Jacinda@w-wpr.comSyreta Oglesby: Syretajoglesby@gmail.com
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The CONAM Group Acquires Rockledge Flats, a 247-unit Apartment Community in Rockledge, Florida
SAN DIEGO--(BUSINESS WIRE)--CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of Rockledge Flats, a Class A, 247-unit multi-family apartment community near Florida’s Space Coast in Rockledge, Florida, on October 19, 2022. Completed in late 2021, the 10-acre luxury apartment community consists primarily of two four-story elevator-served structures housing 247 units. A standalone, single-story building serves as the leasing office and amenity clubhouse and features a 24-hour fitness center, resident lounge with billiards table, and conference room. Positioned north of the indoor amenity structure and between the two four-story residential structures is an outdoor kitchen with two gas grills and an oversized zero-entry pool with pergolas, lounge seating, and a poolside firepit. The best-in-class apartment interiors boast 10’ ceilings, abundant natural light, stainless steel appliances, quartz counters, ample storage and closet space, and full-size washers and dryers. Residents at Rockledge Flats have an easy commute to the robust job centers of the Space Coast, and an influx of local businesses attracted to Rockledge’s “main street” initiative has contributed to a thriving local community centered almost directly in front of the property. In further benefit to Rockledge Flats residents, the broader region has seen surging employment in technology industries, specifically the high-wage scientific research and development sector, which has grown over 75% in the past five years. Residents also benefit from the newly constructed Publix-anchored retail center located a short distance from the property, plus the abundance of desirable amenities in the master-planned Viera community quickly accessible via US HWY 1. About The CONAM Group: Established in 1975, CONAM has become recognized as one of the nation’s most astute multifamily companies and as an experienced and dependable provider of multifamily real estate services. Our approach to multifamily asset management is focused on generating optimal risk-adjusted returns for our investment partners, and with over four decades of investment and operating history, CONAM has successfully navigated through challenging real estate cycles while consistently delivering excellent performance. We’re dedicated to operating and managing best-in-class multi-family properties that provide the foundation for thriving communities. For more information on The CONAM Group, visit: www.CONAM.com For more information on Rockledge Flats Apartment Homes, visit: www.RockledgeFlatsApts.com Contacts Angela Beem - Vice President of Marketing & Revenue Phone: (858) 614-7200 / abeem@conam.com
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Helix to Participate in Upcoming Event
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the Capital One Securities 17th Annual Energy Conference in Houston, Texas at the Hotel ZaZa Museum District on Tuesday December 6, 2022. Any investor presentation provided during the conference will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.helixesg.com. About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. Our services are centered toward and well positioned to facilitate global energy transition by maximizing production of remaining oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com. Contacts Erik Staffeldt - Executive Vice President and CFO Ph: 281-618-0465 email: estaffeldt@helixesg.com
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Mobilitas Insurance Companies Name Senior Director of Business Development
GLENDALE, Ariz.--(BUSINESS WIRE)--Mobilitas, the group of commercial insurance companies dedicated to providing insurance protection to the unique and emerging demands of the sharing economy and mobility sector, announced that Kate Kennedy has joined Mobilitas as Senior Director, Business Development. Kennedy will be responsible for the development, execution, and success of the Mobilitas business development program, with a focus on major accounts and large brokers. This includes assessing potential new markets, evaluating business opportunities, and identifying and promoting partnerships to drive profitable growth for Mobilitas. “Kate has a strong history of developing strategic relationships and leading teams to drive new business and deliver results,” said Julie Brown, executive vice president of commercial insurance for Mobilitas. “We are confident that she will help contribute to our continued success within the rideshare, delivery and emerging mobility sectors.” Kennedy has more than 20 years of business development and sales leadership experience at several insurance companies including Safeco, Liberty Mutual and The Hartford. Kennedy graduated from Washington State University with a BA in communications. For more information, visit www.mobilitasinsurance.com. About Mobilitas Insurance Companies: The Mobilitas insurance companies offer commercial insurance built from the ground up to meet the unique needs of the mobility market, and provide creative, technology-driven insurance solutions that protect business needs. The Mobilitas insurance companies are part of CSAA Insurance Group, which has a financial strength rating of “A” (excellent) from AM Best, the insurance industry’s primary financial rating firm. More information is available at www.mobilitasinsurance.com and on social media (Facebook, Instagram, LinkedIn, Twitter). Contacts Liam Collopy, EVP, Stanton PR Lcollopy@stantonprm.com / 415-517-9760
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Mill Point Capital Partners with Seviroli Foods
Seviroli Foods Enters Next Phase of Growth Through Partnership with Mill Point Capital GARDEN CITY, N.Y.--(BUSINESS WIRE)--Seviroli Foods, Inc. (“Seviroli”), a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC (“Vertullo”), a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC (“Mill Point”), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America. Seviroli has been family-owned and operated since its founding in 1960 and provides a leading line of chef-inspired artisan-filled pastas, sauces and Italian desserts. Joseph Seviroli Jr., CEO and second-generation owner of Seviroli, will continue in his role alongside President and COO Paul Vertullo and other key members of the management team. Joseph Seviroli Jr. commented, “We are excited to continue building upon my family’s proud 62-year operating history alongside Mill Point. Seviroli’s track record of growth, innovation and quality customer service are expected to be significantly enhanced through our partnership.” “The partnership and combination of resources with Mill Point accelerates our ability to continue Seviroli’s and Vertullo’s long-term growth trajectory and execute strategic initiatives,” added Paul Vertullo. “We have been thoroughly impressed by the strong operating foundation and culture Joe, Paul and the rest of the Seviroli team have created. I am confident that with their expertise and Mill Point’s insight, the company will further elevate its product ideation, customer relationships and operational excellence,” commented Jim Schubauer, Mill Point’s Executive Partner and Executive Vice Chairman of Seviroli. “Throughout its history, Seviroli has continually distinguished itself as a leader in its sector. We are committed to maintaining the core values that the Seviroli family and team have created and look forward to pursuing numerous growth avenues ahead,” said Dustin Smith, Partner of Mill Point. About Seviroli Foods Seviroli is a leading manufacturer of frozen pasta and other food products based in Garden City, NY. Seviroli manufactures products for the foodservice, club and grocery/retail channels, offering a variety of items including ravioli, tortellini, stuffed shells, manicotti, short cut pastas and other products. Seviroli operates out of three manufacturing facilities in the New York Metro area with the capability to serve customers nationally. For more information, please visit www.seviroli.com. About Vertullo ImportsVertullo is a leading specialty imports business, importing over 150 items from 19 countries including pasta, rice, sauces, oils, truffles, and other fresh and frozen goods. Vertullo supplies products to Seviroli as well as third-party foodservice, retail and e-commerce trade customers. For more information, please visit www.vertulloimports.com. About Mill Point Capital Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the business services, technology and industrials sectors in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com. Contacts Jiaeh Kim, info@millpoint.com, 212-416-5800
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New Wolters Kluwer annual accounting survey reveals how technology is helping firms tackle top 5 challenges and achieve 2023 goals
Top five challenges among firms of all sizes include economic uncertainty and keeping up with changing tax legislation; recruiting/retaining talent is top challenges among large firms 84% of firms report increased client demand for advisory services. Expanding revenue ranked as top 2023 goal among all firms, followed by improving customer engagement, operational workflows and employee effectiveness Integrated, cloud-based technology is helping firms drive profitability and meet increased client demands, although only a fraction are using their current tech stack to its fullest potential NEW YORK--(BUSINESS WIRE)--#CPA--Wolters Kluwer Tax & Accounting today shared the results of its 16th annual survey of tax and accounting professionals, which found that even in the face of challenges like economic uncertainty and changing tax legislation, early adoption of integrated, cloud-based technology is driving gains in efficiency, productivity, revenue and profitability among accounting firms of all sizes. Detailed findings from the Wolters Kluwer Annual Accounting Industry Survey are available in this white paper – and an executive summary highlights top takeaways. Almost half of the nearly 2,000 firms surveyed said the 2021 tax season was better than the year prior, and nearly 80% said that advances in technology led to a reduction in the number of hours spent per tax return. Firms using a cloud-based tax compliance solution reported higher revenue growth than traditional firms (7% to 4%, respectively). Innovative and early-adopter firms were also 13% more likely to add services. Jason Marx, President and CEO of Wolters Kluwer Tax and Accounting North America, said: “In a world that’s embracing digital transformation, firms that prioritize the adoption of integrated, cloud-based technology will continue to drive a competitive advantage. Future-focused firms must implement and fully leverage strategic technology plans that optimize their processes, unlock their data, free up staff time and empower their people to go beyond traditional compliance to deliver the value-added advisory services clients want.” In 2022, the top challenges firms faced varied by size In 2020, firms of all sizes were mired in navigating the daily challenges of a global pandemic. In 2021, firms grappled with rapid legislative changes and finding ways to work effectively with the IRS. In 2022, the most pressing challenges firms face varied, based on firm size. In 2022, half of this year's survey respondents reported late or unprepared clients to be a top challenge. Only two challenges – economic uncertainty and keeping track of new or changing regulations and standards – were expressed as a top five challenge faced by firms of all sizes. Midsize firms were most concerned about economic uncertainty, large firms were most concerned about retaining/attracting talent. Midsize and large firms are trying to keep current with technology and learn to use their technology more effectively. 2023 goals: Firms are prioritizing revenue growth, efficiency and client engagement Firms of all sizes ranked growing revenue/profit as their top goal for 2023, followed by improving customer engagement. Additionally, 85% reported that their clients want strategic tax planning and advisory services. Given that recruiting and retaining talent emerged as a top-five challenge among mid-sized and large firms, it’s not surprising that improving operational workflows and employee effectiveness ranked #3 and #4 on the overall list of firm goals for 2023, followed by investments in new technologies that support remote work. Future-focused firms are using technology to deliver new services while driving staff efficiency and engagement While the global COVID-19 pandemic significantly accelerated the pace of digital transformation within the tax and accounting industry, the majority of firms indicated that investments in integrated, cloud-based technology are paying off, and most said that the pace of technological change is “about right.” 78% of firms are leveraging technology to help employees expand skillsets, while 64% are using it to improve staff engagement and morale 77% said that technology is helping them reduce the number of hours worked, per client, and per return 73% said technology is helping improve average client response time and 72+% said technology is helping them recruit and retain clients 62% said technology is helping them add new services Notably, the survey also revealed that less than 20% of firms feel they are using their tech stack to its fullest potential – despite two-thirds reporting that technology improves their ability to compete. This suggests that there is significant potential for firms to further improve returns on cloud-based technology investments going forward. Survey Methodology The 2022 Accounting Industry Survey from Wolters Kluwer Annual Tax and Accounting North America included quantitative interviews of 1,983 tax and accounting firms of all sizes from the United States, with 1,445 completed responses to examine how client expectations, technology and other factors are affecting the future of accounting across core areas and how accounting firms are prepared to address these issues and more. The Survey was conducted online. About Wolters Kluwer Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY). For more information, visit www.wolterskluwer.com, and follow us on Twitter, Facebook, LinkedIn, and YouTube. Contacts KELLY DE CASTRO Wolters Kluwer Tax & Accounting +1 614-288-5640 kelly.decastro@wolterskluwer.com
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SelectQuote, Inc. Announces Special Meeting to Approve Reverse Stock Split
OVERLAND PARK, Kan.--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE: SLQT) (the “Company”) announced today that it plans to hold a special meeting of stockholders to seek approval to amend the Company’s Sixth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to effect, at the discretion of the Board of Directors (the “Board”), a reverse stock split of the Company’s common stock, $0.01 par value per share (the “Common Stock”). Holders of record of the Common Stock as of the close of business on January 11, 2023 will be entitled to notice of and to vote at the special meeting, which is scheduled to be held on March 2, 2023. The time, location, and other details regarding the special meeting, including the ratio or range of ratios at which the reverse stock split may be effected, will be communicated to stockholders at a later date via proxy materials that will be filed with, and subject to review by, the Securities and Exchange Commission (the “SEC”). The reverse stock split would not affect any stockholder’s percentage ownership interest or proportionate voting power, except to the extent that it results in a stockholder receiving cash or other consideration in lieu of a fractional share, and would have no impact on the Company’s business operations or any of its outstanding indebtedness. The Board may revoke the proposal and cancel the special meeting at any time if it determines that the reverse stock split is no longer in the best interests of the Company and its stockholders. Even if the meeting occurs and the amendment to the Certificate of Incorporation is approved, the Board may delay or abandon the reverse stock split at any time prior to the effective time of the reverse stock split if the Board determines that the reverse stock split is no longer in the best interests of the Company or its stockholders. Additional Information and Where to Find It This communication may be deemed to be solicitation material in connection with the proposal to be submitted to the Company’s stockholders at its special meeting seeking approval of an amendment to the Certificate of Incorporation to effect a reverse stock split (the “Reverse Split Proposal”). This press release does not contain all the information that should be considered concerning the Reverse Split Proposal and is not intended to form the basis of any investment decision or any other decision in respect of the Reverse Split Proposal. In connection with the Reverse Split Proposal, the Company plans to file a preliminary proxy statement on Schedule 14A with the SEC. Stockholders and other interested persons are urged to read the preliminary proxy statement and all other relevant documents filed with the SEC, including, once available, the definitive proxy statement, as such documents will contain important information about the Company and the Reverse Split Proposal. When available, the definitive proxy statement and other relevant materials for the Reverse Split Proposal will be mailed to stockholders of the Company as of the record date for the special meeting. Investors and security holders will also be able to obtain the documents (when available) free of charge at the SEC’s website, www.sec.gov, or via the Company’s website, www.selectquote.com. Participants in Solicitation The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the Reverse Split Proposal. A list of the names of those directors and executive officers and a description of their interests in the Company is contained in the Company’s definitive proxy statement in connection with its 2022 Annual Meeting, which proxy statement was filed with the SEC and is available free of charge at the SEC’s website, www.sec.gov, or the Company’s website, www.selectquote.com. To the extent such holdings of the Company’s securities may have changed since that time, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such participants will be contained in the definitive proxy statement in connection with the special meeting when available. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws. These forward-looking statements reflect the Company’s current views with respect to, among other things, future events. Forward-looking statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts and are based on our current expectations and assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, and expected future developments, as well as other factors we believe are appropriate under the circumstances. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Although we believe the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied in these forward-looking statements due to a number of factors, many of which are beyond our control, including the price of our common stock at any given time, the voting results on any proposal submitted to the Company’s stockholders, and other factors under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended June 30, 2022 and in other filings that the Company has made and may make with the SEC in the future. All of the forward-looking statements made in this press release are qualified by these cautionary statements. You should not place undue reliance on these forward-looking statements, which are made only as of the date of this press release. Except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. About SelectQuote Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health, and property. The company pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote’s success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. With an ecosystem offering high touchpoints for consumers across Insurance, Medicare, Pharmacy, and Value-Based Care, the company now has four core business lines: SelectQuote Senior, SelectQuote Healthcare Services, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a specialized medication management pharmacy, and Population Health, which proactively connects its members with best-in-class healthcare services that fit each member's unique healthcare needs. The platform improves health outcomes and lowers healthcare costs through proactive engagement and access to high-value healthcare solutions. Contacts Investor Relations: Sloan Bohlen 877-678-4083 investorrelations@selectquote.com Media: Matt Gunter 913-286-4931 matt.gunter@selectquote.com
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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0400 per share of common stock, payable on January 3, 2023 to shareholders of record at the close of business on December 19, 2022. The ex-dividend date is December 16, 2022. The previous distribution announced in November was $0.0400 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulated undistributed income, or may return capital. As market conditions and portfolio performance may change, the rate of distributions on the Fund's shares of common stock and the Fund's distribution policy could change. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s largest asset managers, with $1.8 trillion in assets under management as of September 30, 2022. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com. BNY Mellon Investment Management is a division of BNY Mellon, which has $42.2 trillion in assets under custody and/or administration as of September 30, 2022. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. Contacts For Press Inquiries: BNY Mellon Investment Adviser, Inc. Courtney Woolston (212) 635-6027 For Other Inquiries: BNY Mellon Securities Corporation The National Marketing Desk 240 Greenwich Street New York, New York 10286 1-800-334-6899
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Macquarie Global Infrastructure Total Return Fund Inc. Announces Monthly Distribution
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (“Fund”) declared on December 2, 2022, a regular distribution for the month ending November 30, 2022 of $0.13 per share. Based on the Fund’s net asset value (“NAV”) per share of $28.45 and New York Stock Exchange closing market price of $24.25 on November 30, 2022, the $0.13 per share distribution is equal to an annualized distribution rate of 5.48% at NAV and 6.43% at market price. A portion of the distributions may be treated as paid from sources other than net income, including, but not limited to, short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2022, including the percentage of qualified dividend income, will be made by the Fund after December 31, 2022. This distribution will be payable on December 30, 2022, to shareholders of record on December 23, 2022, with an ex-dividend date of December 22, 2022. About the Fund Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange. The Fund’s investment adviser is Delaware Management Company (“Investment Adviser”), a series of Macquarie Investment Management Business Trust, which is a subsidiary of Macquarie Management Holdings, Inc. (“MMHI”). MMHI is a subsidiary, and subject to the ultimate control, of Macquarie Group Limited. Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $US508 billion in assets globally,1 we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments & renewables, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets (which includes the aggregate of the Fund’s average daily net assets plus proceeds from any outstanding borrowings used for leverage) in equity and equity-like securities and instruments, such as common stocks, preferred stocks, convertible securities and hybrid securities issued by US and non-US issuers (Infrastructure Issuers) that primarily own or operate Infrastructure Assets. “Infrastructure Assets” are an underlying foundation of basic services, facilities and institutions upon which the growth and development of a community depends and may provide the necessities of everyday life, such as fresh water, roads, airports, utilities, power, steam heating systems, hospitals, schools and other social services. Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. Forward-looking statements are based on information that is available on the date hereof, and neither the Investment Adviser nor any other person affiliated with the Investment Adviser has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio. Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 1 As of September 30, 2022 © 2022 Macquarie Management Holdings, Inc. Contacts Investor/Broker InquiriesTel: 866 567-4771 E-mail: MGU-Questions@macquarie.comWeb: www.macquarieim.com/mgu Media InquiriesLee Lubarsky 347 302-3000 Lee.Lubarsky@macquarie.com
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Momentus Inc. Announces Resignation of Jikun Kim
SAN JOSE--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the "Company”), a U.S. commercial space company that offers transportation and other in-space infrastructure services, today announced that Jikun Kim, Momentus Chief Financial Officer, will resign from his role effective January 6, 2023. Momentus will announce a successor for Kim at a later date. Kim joined Momentus in September 2020 as Chief Financial Officer. In this role, he led the Company’s accounting and financial planning and analysis group. He oversaw the Company’s Special Purpose Acquisition Company transaction that closed in August 2021 and the process of listing Momentus on the NASDAQ exchange. “Jikun provided leadership at Momentus during a significant transformation as the organization evolved from a private company with the promise of good ideas into a public company now starting to deliver on those ideas with space infrastructure services,” said Momentus Chief Executive Officer John Rood. “We thank Jikun for his tenure in the CFO role and wish him all the best as he pursues new endeavors.” “Momentus rose to the challenge of reinventing itself as it worked to bring its initial capabilities to market,” said Kim. “The Company’s progress, particularly in the past year, is extraordinary. I'm proud to have been part of this effort and to have put in place a strong team with a solid foundation of financial tools and processes that will serve the Company well in the future.” About Momentus Momentus is a U.S. commercial space company that offers in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system that is under development. Forward-Looking Statements This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus’ or its management team’s expectations, hopes, beliefs, intentions or strategies regarding future events or circumstances, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 9, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Contacts Investors Darryl Genovesi at investors@momentus.space Media Jessica Pieczonka at press@momentus.space
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Energous Corporation Grants Inducement Restricted Stock Units to New Employees
SAN JOSE, Calif.--(BUSINESS WIRE)--Energous Corporation (Nasdaq: WATT), a leading developer of RF-based charging for wireless power networks, today announced that it has issued inducement restricted stock units (“RSUs”) to one new, non-executive employee. On November 16, 2022, one new, non-executive employee was issued RSUs covering a total of 7,500 shares of common stock under the Company’s 2017 Equity Inducement Plan (the “Inducement Plan”). The RSUs vest over three years with one-third vesting annually on the anniversary of the applicable employee’s hire date, contingent upon the employee’s continued service through each applicable vesting date. Each RSU is subject to the terms and conditions of the Inducement Plan and the terms and conditions of the respective award agreement covering each granted RSU. The grant of the RSUs was approved by the compensation committee of the Company’s board of directors and was granted as an inducement to the new employee commencing employment with the Company, in accordance with Nasdaq Marketplace Rule 5635(c)(4). To learn more about Energous, please visit Energous.com or follow the company on Twitter, Facebook and LinkedIn. About Energous Corporation Energous Corporation (Nasdaq: WATT) is the Wireless Power Network global leader. Its award-winning WattUp® solution is the only technology that supports both contact and distance charging through a fully compatible ecosystem. Built atop fast, efficient, and highly scalable RF-based charging technology, WattUp is positioned to offer improvements over older, first-generation coil-based charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for industrial and retail IoT, smart homes, smart cities and medical devices. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides worldwide regulatory assistance, a reliable supply chain, quality assurance, and sales and technical support to global customers. The company received the world’s first FCC Part 18 certification for at-a-distance wireless charging and has been awarded over 200 patents for its WattUp wireless charging technology to-date. Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other similar terms. Examples of our forward-looking statements in this release include, but are not limited to, our statements about the future of the global wireless charging industry, statements about our technology and its expected functionality and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of any necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, together with the other risks and uncertainties described in our most recent annual report on Form 10- K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q, as well as any other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law. Contacts Energous Corporate Communications:Gordon Bell gbell@energous.com Energous Investor Relations:Padilla IR IR@energous.com
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Valvoline Establishes ESG and Equality Council to Support Continued Progress on Sustainabilty, DE&I and Governance Matters
LEXINGTON, Ky.--(BUSINESS WIRE)--Valvoline Inc. (NYSE: VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that it has established an internal ESG and Equality Council (the “Council”) to guide and support the Company’s continued progress on Environmental, Social and Governance (“ESG”) initiatives as it transitions into a pure-play retail services business. The creation of the Council follows the Company’s constructive discussions with Chicane Capital Management, LP, (“Chicane”), the investment manager to current Valvoline shareholder, Chicane Opportunities Fund, LP. The Council will be overseen by Valvoline’s Board of Directors through its Governance & Nominating Committee, and led by Julie O’Daniel, Senior Vice President, Chief Legal Officer and Corporate Secretary of Valvoline. Valvoline director Carol H. Kruse, the former Senior Vice President and Chief Marketing Officer at ESPN and Cambia Health Solutions, will be joining the Council, as will other senior executives of Valvoline. The Council will focus on strengthening Valvoline’s commitment to diversity, equity and inclusion (“DE&I”), including gender, racial and LGBTQ inclusion, and will work to further Valvoline’s efforts to integrate sustainability into the company’s business operations. The Council will enhance these initiatives with corporate governance practices and will work closely with Valvoline’s employee-driven DEI Council to deepen the Company’s commitment to an inclusive culture for all. “Achieving the highest standards of ESG performance requires ongoing diligence and continually raising the bar,” said O’Daniel. “We appreciate the input from Georgina Russell, the managing partner of Chicane, over the past several weeks as we worked together to develop the idea for the Council. Supporting DE&I initiatives and acting as a good corporate citizen are fundamental to our values and the Council will be instrumental in guiding our continued ESG progress, especially as we complete the sale of our Global Products business, expected in early 2023. We value input from our shareholders and look forward to continuing our discussions with Chicane.” "We are pleased that Valvoline has formed this goal-oriented and disclosure-focused Council to engender a more inclusive workplace. With the announced separation of the Global Products business, the formation of this Council comes at an ideal time as Valvoline enters this next chapter in the company’s history. The new Valvoline is poised to embrace the energy transition while creating value for all stakeholders," said Russell. “We look forward to working with the Board and management as Valvoline shapes its strategy for the future.” More information regarding Valvoline’s existing highly rated corporate governance and ESG initiatives can be found in the Company’s CSR report available on the company’s website. About ValvolineTM The Quick, Easy, Trusted name in preventive vehicle maintenance, Valvoline Inc. (NYSE: VVV) leads the industry with automotive service innovations that simplify consumers lives and take the worry out of vehicle care. With an average consumer rating of 4.6 out of 5 stars*, Valvoline has built the model for transparency and convenience in automotive maintenance. From its 15-minute, stay-in-your-car oil change to cabin air filters to battery replacements to tire rotations, the Company’s model offers maintenance solutions for all types of vehicles, including electric vehicles (EVs). The Company operates and franchises over 1,700 service center locations through its Valvoline Instant Oil ChangeSM and Great Canadian Oil Change retail locations. To learn more, or to find a Valvoline service center near you, visit valvoline.com. TM Trademark, Valvoline or its subsidiaries, registered in various countries SM Service mark, Valvoline or its subsidiaries, registered in various countries * Based on a survey of over 250,000 Valvoline Instant Oil Change℠ customers annually Forward-Looking Statements Certain statements in this press release, other than statements of historical fact, including estimates, projections and statements related to Valvoline’s business plans and operating results, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valvoline has identified some of these forward-looking statements with words such as “anticipates,” “believes,” “expects,” “estimates,” “is likely,” “predicts,” “projects,” “forecasts,” “may,” “will,” “should” and “intends” and the negative of these words or other comparable terminology. These forward-looking statements are based on Valvoline’s current expectations, estimates, projections and assumptions as of the date such statements are made and are subject to risks and uncertainties that may cause results to differ materially from those expressed or implied in the forward-looking statements. Additional information regarding these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Quantitative and Qualitative Disclosures about Market Risk” sections of Valvoline’s most recently filed periodic reports on Forms 10-K and 10-Q, which are available on Valvoline’s website at http://investors.valvoline.com/sec-filings or on the SEC’s website at http://www.sec.gov. Valvoline assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future, unless required by law. Contacts Investor Contacts: Sean T. Cornett Sr. Director, Investor Relations +1 (859) 357-2798 scornett@valvoline.com Media Contacts: Michele Gaither Sparks Sr. Director, Corporate Communications +1 (859) 230-8097 michele.sparks@valvoline.com Warren Rizzi/Devin Broda/Jamie Tully Valvoline@fgsglobal.com
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Wesco Declares Quarterly Dividend on Preferred Stock
PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of Wesco International (NYSE: WCC) today declared a cash dividend on the company’s 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2022 through December 31, 2022. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on January 3, 2023 to holders of record at the close of business on December 15, 2022. About Wesco Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $18 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs more than 18,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world, including more than 90% of FORTUNE 100® companies. With nearly 1,500,000 products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. Wesco operates approximately 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations. Contacts Investor RelationsWill Ruthrauff Director, Investor Relations 484-885-5648 Corporate CommunicationsJennifer Sniderman Sr. Director, Corporate Communications 717-579-6603
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WeWork Announces New SoftBank Appointment, Vikas J. Parekh, to Board of Directors
NEW YORK--(BUSINESS WIRE)--WeWork Inc. (NYSE: WE), the leading global flexible space provider, today announced that Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers, has been appointed to the WeWork Board of Directors, effective November 30, 2022. In his role as Managing Partner at SoftBank Investment Advisers, Mr. Parekh focuses on investing in enterprise software, robotics, automation, and other emerging technologies. He serves as a director across multiple public and private company boards, including Symbotic (NASDAQ: SYM). Prior to joining SoftBank in 2016, Mr. Parekh worked in private equity at KKR, and at Boston Consulting Group. Mr. Parekh has an MBA from Harvard Business School where he was a George F. Baker Scholar. He also holds both an MS and BSc in Electrical & Computer Engineering from Georgia Institute of Technology. “We are pleased to welcome Vikas to WeWork’s Board of Directors,” said Sandeep Mathrani, WeWork’s CEO and Chairman. “With a combination of hands-on investment experience and knowledge of WeWork’s business, Vikas brings valuable perspective that will enhance our ongoing efforts to lead the industry with a suite of connected, flexible space solutions.” “WeWork has demonstrated resilience and strength over the past few years, embarking on a remarkable turnaround during tough market conditions and contributing to the shifting paradigm for how - and where - people work,” said Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers. “I am thrilled to join the Board as we continue to redefine the workplace amid the ever-changing post-pandemic work environment.” About WeWork WeWork Inc. (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com. Category: Investor Relations Source We Work Contacts Media for WeWork Nicole Sizemore press@wework.com Media for SoftBank Kristin Schwarz SoftBank Investment Advisers kristin.schwarz@softbank.com Corporate Communications Office SoftBank Group Corp. sbpr@softbank.co.jp Hannah Dunning FGS Global SoftBank@FGSGlobal.com Investor Relations for WeWork Kevin Berry investor@wework.com
