latest news releases from the newsroom
Franklin Bank Corp. Receives Additional Non-Compliance Notification From the AMEX and Nasdaq
HOUSTON, May 20, 2008 (PRIME NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (Amex:FBK-P) ("Franklin") announced that on May 14, 2008, Franklin Bank Corp. ("Franklin") received an Additional Staff Determination letter (the "NASDAQ Letter") from the Listing Qualifications Staff of The NASDAQ Stock Market (the "NASDAQ") in connection with Franklin's failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2008 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC") as required by NASDAQ Marketplace Rule 4310(c)(14). Franklin's common stock trades on the Nasdaq Global Select Market. Additionally, on May 15, 2008, Franklin received a letter (the "AMEX Letter") from the staff of The American Stock Exchange (the "AMEX") in connection with Franklin's failure to file its Form 10-Q as required by Sections 134 and 1101 of the AMEX Company Guide and its listing agreement. As set forth in both the NASDAQ Letter and AMEX Letter, Franklin's failure to file the Form 10-Q serves as an additional basis for delisting Franklin's common stock and Preferred Stock, respectively (the "Additional Deficiency"). Franklin's Series A Non-Cumulative Perpetual Preferred Stock (the "Preferred Stock") trades on the AMEX. Both the NASDAQ Letter and the AMEX Letter were issued in accordance with standard NASDAQ and AMEX procedure, respectively.
Port of Houston Authority
Port of Houston Authority Honored With Presidential Export Award
WASHINGTON, May 20, 2008 (PRIME NEWSWIRE) -- Today Commerce Secretary Carlos M. Gutierrez joined President Bush at the White House to present the Port of Houston Authority of Houston, TX with the Presidential 'E Star' Award for excellence in exporting.
LGL Group, Inc.
The LGL Group, Inc. Reports Results for the Quarter Ended March 31, 2008
ORLANDO, Fla., May 20, 2008 (PRIME NEWSWIRE) -- The LGL Group, Inc. (AMEX:LGL) (the "Company"), today announced results for the quarter ended March 31, 2008. Total revenues for the quarter ended March 31, 2008 were $9,783,000, an increase of 4.3% from the quarter ended March 31, 2007. The increase is due primarily to an increase in foreign sales as the Company's customer's continued to migrate their manufacturing into low labor cost regions.
Exide Technologies to Supply Bosch Branded Batteries to Pep Boys
ALPHARETTA, Ga., May 20, 2008 (PRIME NEWSWIRE) -- In conjunction with its new agreement with Robert Bosch Corporation, Exide Technologies (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical-energy solutions, announces a new supply agreement with Pep Boys. Starting this month, Exide will begin shipments of Bosch branded automotive starting batteries to all Pep Boys stores across the United States and in Puerto Rico.
Capital Southwest Corporation
SEC Rules On Capital Southwest Shareholder Proposal
DALLAS, May 20, 2008 (PRIME NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) announced today that the Securities and Exchange Commission has ruled in favor of the company's request to exclude an activist shareholder's proposal from its proxy statement. This proposal called for the company to engage an investment banking firm to evaluate alternatives including the liquidation of certain or all of the company's assets and the distribution of proceeds to shareholders. Capital Southwest sought and received a ruling from the SEC allowing the company to exclude the proposal.
Security Bank Corporation
Security Bank Corporation Announces Quarterly Dividend
MACON, Ga., May 20, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.04375 per common share. The dividend is payable June 20, 2008 to shareholders of record at the close of business June 2, 2008. The indicated annual cash dividend is $0.175 per common share.