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By Paul Hodgson – Chief Research Analyst Golden Hello of the Week Events Analyst Dovid Muyderman located this Golden Hello of the Week in an 8-K from Christopher & Banks. This Amendment No. 1 amends the Current Report on Form 8-K of Christopher & Banks Corporation (the “Company”)(CBK) filed on November 1, 2012 (the “Original […]

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By Paul Hodgson – Chief Research Analyst Dickensian Term of the Week Events Analyst Dovid Muyderman spotted this Dickensian Term of the Week in a November 14 8-K from NewLink Genetics. On November 14, 2012, NewLink Genetics (NASDAQ:NLNK) announced that the European Commission (EC) has designated HyperAcute-Pancreas® Immunotherapy (algenpantucel-L) as an orphan medicinal product under […]

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By Paul Hodgson – Chief Research Analyst Executive Quotation of the Week From a Reuters report on Best Buy via Events Team Manager Mark Magee comes this week’s winner of the Executive Quotation of the Week Competition. “I know that the company is going to reinvent itself and I came out of retirement because I […]

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By Paul Hodgson – Chief Research Analyst Getting to Know Your Peers From Compensation Analyst Team Leader Scott Patterson comes this interesting little interlock. JDS Uniphase Corporation CEO Thomas Waechter should have a pretty good understanding of at least one of his company’s peers; he’s on their board. From his bio: Mr. Waechter serves as a member […]

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By Paul Hodgson, Chief Research Analyst  The Definition of Irony Events Analyst Marge Schwietering spotted this website release from Energizer Holdings. Energizer Holdings Inc. (NYSE: ENR), announced today it is initiating a voluntary market withdrawal of the continuous spray Banana Boat sun care products identified in the table below [you don’t want to see the […]

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GMI Ratings Update | OAO Rosneft

The U.K. oil giant BP p.l.c. (BP) said that it agreed to sell its stake in TNK-BP to OAO Rosneft (ROSN). As part of the deal, BP expects to have two seats on Rosneft’s board, in a development that could slightly strengthen the Russian government-owned oil company’s corporate governance without actually curing its continuing problems. […]

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By Paul Hodgson – Chief Research Analyst Options 101 Our first comes from Compensation Analyst Team Leader Scott Patterson, from Education Management Corp’s 2012 proxy. Pursuant to the Exchange Offer, the Company offered employees of the Company and other eligible option holders the opportunity to exchange all, or in some cases a portion, of their […]

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By Paul Hodgson – Chief Research Analyst Dog Days of Summer Compensation Analyst Ashley Kotzur found this in a website release from Consumers Energy. A series of dog attacks this summer to its meter readers has Consumers Energy again asking customers to help its employees work safely by making sure dogs are leashed or confined […]

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By Paul Hodgson – Senior Research Analyst More like CrawlBack Compensation Analyst Team Leader Scott Patterson, trawling for clawback provisions, found this half-hearted attempt from Oracle in its 2012 proxy statement. In July 2012, we adopted an interim clawback policy for our executive officers. The policy states that if Oracle restates its reported financial results, […]

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By Paul Hodgson – Chief Research Analyst A Two-month Governance Bender This first farrago of bad news comes from Events Analyst Marge Schwietering. Central European Distribution Corporation (one of the world’s largest producers of vodka and Central and Eastern Europe’s largest integrated spirit beverage company) in the last two months has experienced:  A late filing […]

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GMI Ratings Governance Issue | DineEquity Inc.

DineEquity Inc. (DIN) has been struggling with a high debt burden since the owner of International House of Pancakes bought Applebee’s in November 2007, and signs of accounting trouble are brewing in the company’s financial statements. Insiders have collectively sold 41,330 DineEquity shares in the past six months, or 8.8% of their holdings. Jean M. […]

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By Paul Hodgson – Chief Research Analyst What a Difference a Day Makes…. Events Analyst Dovid Muyderman found this 8-K from KIT Digital on September 5, which has been experiencing some significant turnover within the board lately. As previously disclosed, on August 28, 2012, the Board of Directors of the Company (KIT Digital) determined to […]

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By Paul Hodgson – Chief Research Analyst D’Oh! Events Team Leader Mark Magee spotted this story in a Bloomberg article from September 5. News Corp. (NWS), still seeking to move past a hacking scandal at its U.K. newspapers, has nominated to its board a former Colombian president whose administration was itself embroiled in an illegal […]

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By Paul Hodgson – Chief Research Analyst Just Showing Off Events Team Leader Mark Magee found this piece of envy provocation in a July 30 8-K from Mattson Technology. Mattson Technology, Inc. (Nasdaq: MTSN), a leading supplier of advanced process equipment used to manufacture semiconductors, today announced that Hans Betz has retired as chairman of […]

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Small Print

Looooooooooooooooong term disability Compensation Analyst Team Leader Scott Patterson is responsible for the first three Small Print entries. This first from Acadia Healthcare Company’s 2012 proxy statement. If a Named Executive Officer that is party to an employment agreement dies or becomes disabled, such executive is entitled to the applicable Termination Payments (other than the […]

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By Paul Hodgson – Chief Research Analyst “The perks, the perks” [Hunchback humor, you’ll see] Compensation Analyst Ashley Kotzur spotted this all other compensation for former CEO Michael R. Welch in the XPO Logistics 2012 proxy. Represents (1) $24,000 in severance payments, (2) $1,069 in subsidized COBRA payments following separation from our company, (3) $6,111 […]

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By Paul Hodgson – CCO and Senior Research Associate Strictly on a need to know basis… and, right now, you don’t need to know. A great contribution from rarely-seen-in-Small-Print Company Analyst Team Leader Mike Gordon. This comes from Nash-Finch’s 2012 proxy statement. During 2011, there were no transactions as described in the preceding paragraphs [the […]

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By Paul Hodgson – CCO and Senior Research Associate Unethical ethics Events Analyst Marge Schwietering found this astounding set of admissions in a survey published on July 10th. A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday. In […]

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By Paul Hodgson – CCO and Senior Research Associate BlackBury As Events Team Leader Mark Magee says, who found these Executive Quotations of the Week Winner on July 3rd: “Thorsten Heins, CEO of Blackberry, and Edward John Smith, Captain of the Titanic, have a lot in common…. “There’s nothing wrong with the company as it […]

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Mr. Dirty-Clean Events Analyst Marge Schwietering, frankly, must have had a lot of fun putting these together from a couple of days ago. We thought these would be easy winners of the Quotation of the Week Competition, well, they are, actually, but Rex Tillerson raced in with a very close second, of a very different […]

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