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ATEC

Alphatec

$7.33

-0.04 (-0.54%)

17:07
10/05/16
10/05
17:07
10/05/16
17:07

Alphatec CFO Michael O'Neill resigns, company announces workforce reduction

Alphatec Holdings, the parent company of Alphatec Spine, a provider of spinal fusion technologies, announced changes to the Company's executive leadership team, a reduction in the Company's workforce and an inducement award granted to Craig Hunsaker, the Company's newly appointed Executive Vice President, People & Culture. Michael O'Neill, Alphatec's Chief Financial Officer and Treasurer, has resigned effective October 5, 2016. Dennis Nelson, the Company's Vice President of Finance and Corporate Controller, a position he has held since 2011, will serve as the interim principal financial and accounting officer for filings under the Securities Act of 1933 and the Securities Exchange Act of 1934, while the Company executes its search for a Chief Financial Officer. In addition, the Company reduced its workforce by approximately 20%. This reduction in force is a significant part of a broader plan, which the Company has previously outlined, to reduce operating expenses by $20M following the sale of its international business to Globus Medical and to more appropriately size the Company's resources to better reflect the needs of a U.S.-focused organization.

ATEC Alphatec
$7.33

-0.04 (-0.54%)

02/09/16
NORL
02/09/16
DOWNGRADE
Target $0.03
NORL
Underperform
Alphatec downgraded to Underperform from Outperform at Northland
Northland analyst Mark Landy downgraded Alphatec to Underperform from Outperform after the company disclosed in a filing that it has determined that it had been out of compliance with one of its financial covenants under its existing credit facility. Noting that the company revealed the possibility to be in serial default of its debt covenants, Landy cut his price target on the stock to 3c from $3.00, calling his 3c target a "best guess" at what shareholders may get in a restructuring.

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PGNX

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$10.62

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SFLY

Shutterfly

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0.66 (1.39%)

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NICE

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-1.27 (-1.81%)

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KHC

Kraft Heinz

$96.65

9.37 (10.74%)

, UN

Unilever; also tag UL

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6.47 (15.29%)

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Kraft Heinz withdraws proposal to acquire Unilever »

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Kraft Heinz

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Unilever; also tag UL

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Unilever; also tag UN

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Berkshire Hathaway

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MNTA

Momenta

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Momenta to hold a conference call »

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RSPP

RSP Permian

$42.28

-0.54 (-1.26%)

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AXP

American Express

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0.43 (1.68%)

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QUNR

Qunar

$30.88

-0.14 (-0.45%)

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REG

Regency Centers

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0.23 (0.33%)

, EQY

Equity One

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0.16 (0.51%)

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Equity One

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Equity One

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Windstream

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EarthLink

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Windstream

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HNR

Harvest Natural

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PH

Parker-Hannifin

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, CLC

Clarcor

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Clarcor to host special shareholder meeting »

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Parker-Hannifin

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Clarcor

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AZN

AstraZeneca

$29.16

0.4 (1.39%)

, BAYRY

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BAYRY

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EXEL

Exelixis

$23.12

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GHDX

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MRK

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$65.39

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MYGN

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$18.62

1.35 (7.82%)

NVS

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0.47 (0.61%)

OPK

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0.06 (0.69%)

PFE

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PGNX

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$10.62

0.08 (0.76%)

SNY

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$43.16

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MDT

Medtronic

$78.88

0.89 (1.14%)

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Novo Nordisk

$35.46

0.02 (0.06%)

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Kenes International Organizers to hold a conference »

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MDT

Medtronic

$78.88

0.89 (1.14%)

NVO

Novo Nordisk

$35.46

0.02 (0.06%)

RHHBY

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$30.53

0.02 (0.07%)

ABT

Abbott

$44.69

0.49 (1.11%)

SNY

Sanofi

$43.16

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LLY

Eli Lilly

$80.39

0.35 (0.44%)

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Dexcom

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0.5 (0.61%)

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Johnson & Johnson

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AXP

American Express

$79.71

0.2 (0.25%)

, MAT

Mattel

$26.10

0.43 (1.68%)

04:55
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Conference/Events
Toy Industry Association to hold fair »

International Toy Fair…

AXP

American Express

$79.71

0.2 (0.25%)

MAT

Mattel

$26.10

0.43 (1.68%)

HAS

Hasbro

$98.50

0.86 (0.88%)

COST

Costco

$175.86

0.11 (0.06%)

AMZN

Amazon.com

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PKY

Parkway

$21.58

0.08 (0.37%)

18:20
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Parkway to sell 49% interest in Houston Greenway portfolio for $512.1M »

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VIA

Viacom

$47.00

-0.2 (-0.42%)

, VIAB

Viacom

$43.99

-0.17 (-0.38%)

18:15
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Periodicals
Paramount CEO Brad Grey to leave studio as early as next week, Reuters says »

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VIA

Viacom

$47.00

-0.2 (-0.42%)

VIAB

Viacom

$43.99

-0.17 (-0.38%)

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MNTA

Momenta

, PFE

Pfizer

18:03
02/17/17
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Hot Stocks
Momenta: Sandoz partner Pfizer receives FDA warning letter »

Momenta Pharmaceuticals…

MNTA

Momenta

PFE

Pfizer

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CI

Cigna

$143.56

-1.77 (-1.22%)

, ANTM

Anthem

$160.25

-3.52 (-2.15%)

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Periodicals
Cigna claims Anthem attempted to harm its business, Bloomberg says »

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CI

Cigna

$143.56

-1.77 (-1.22%)

ANTM

Anthem

$160.25

-3.52 (-2.15%)

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SCMP

Sucampo

$11.80

0.05 (0.43%)

, NILE

Blue Nile

17:50
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02/17
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Hot Stocks
Sucampo to replace Blue Nile in the S&P 600 as of February 23 open »

Sucampo Pharmaceuticals…

SCMP

Sucampo

$11.80

0.05 (0.43%)

NILE

Blue Nile

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VRML

Vermillion

$1.75

0.08 (4.79%)

17:39
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Hot Stocks
Jack Schuler raises stake in Vermillion to 19.6% »

As of the date hereof,…

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