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Fly News Breaks for September 4, 2015
VNCE, UNCFF, SSS, N, FBNK, EVEP, DSX, CIEN, CAT, CAM, BP
Sep 4, 2015 | 10:00 EDT
Today's noteworthy downgrades include: BP (BP) downgraded to Underperform from Neutral at BofA/Merrill... Cameron (CAM) downgraded to Equal Weight from Overweight at Barclays... Caterpillar (CAT) downgraded to Neutral from Outperform at Baird... Ciena (CIEN) downgraded to Hold from Buy at Deutsche Bank... Diana Shipping (DSX) downgraded to Sell from Neutral at UBS... EV Energy (EVEP) downgraded to Underperform from Market Perform at Raymond James... First Connecticut (FBNK) downgraded to Market Perform from Outperform at Keefe Bruyette... NetSuite (N) downgraded to Underperform from Market Perform at Raymond James... Sovran Self Storage (SSS) downgraded to Market Perform at Raymond James... UniCredit (UNCFF) downgraded to Neutral from Overweight at JPMorgan... Vince Holding (VNCE) downgraded to Underperform from Neutral at BofA/Merrill.
News For BP;CAM;CAT;CIEN;DSX;EVEP;FBNK;N;SSS;UNCFF;VNCE From the Last 2 Days
VNCE
Mar 26, 2024 | 16:06 EDT
Vince Holding Corp. announced that Jack Schwefel has resigned as Chief Executive Officer. The company's Board of Directors has appointed David Stefko, current Director and former Chief Financial Officer of the company, as Interim Chief Executive Officer, effective immediately, and has initiated a search process to identify a permanent Chief Executive Officer. "The Board thanks Jack for his work in positioning Vince for its next chapter of growth and wishes him the best as he pursues other opportunities," said Michael Mardy, Chairman of the Board of Directors. "We are committed to finding a leader who has the skills and vision to continue to keep Vince on its trajectory to achieve its long-term objectives. Through his experience as CFO and as a member of our Board, Dave brings significant understanding of the Company and is well-respected across the organization. Having previously served as Interim CEO during a time of prior transition and amidst the volatility of the Covid-19 pandemic, the Board is confident in Dave's ability to lead the organization during this period." Stefko said, "I am proud to rejoin the leadership team during this transition as we continue to execute our transformation plan and progress our strategic initiatives focused on driving long-term profitable growth." The company remains on track with its profitability objectives for full year 2023. The company is still finalizing its annual closing procedures and expects to report fourth quarter and full year 2023 financial results by late April 2024.