latest news releases from the newsroom
Franklin Bank Corp. Appoints Alan E. Master Chief Executive Officer
HOUSTON, Aug. 28, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") announced that Alan E. Master, President and a director of Franklin, has been appointed Chief Executive Officer of Franklin. Mr. Master has been a director of Franklin and Franklin's wholly owned subsidiary, Franklin Bank, S.S.B. (the "Bank"), since April 2002, and was appointed President of Franklin in May 2008. In connection with the appointment of Mr. Master as Chief Executive Officer, Mr. Lewis S. Ranieri resigned his position as interim Chief Executive Officer, which he had held since May 2008. Mr. Ranieri currently serves as Chairman of the Board of Franklin and as a member of the board of directors of the Bank. Mr. Ranieri will continue his service as Chairman of the Board of Franklin.
Maiden Holdings, Ltd.
Maiden Holdings, Ltd. to Present At Insurance Conference on September 4, 2008
HAMILTON, Bermuda, Aug. 28, 2008 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD), today announced that the Company will be participating in the Keefe, Bruyette & Woods Insurance Conference being held on September 3 and September 4, 2008. The Conference will be held at the Waldorf-Astoria Hotel, New York located at 301 Park Avenue.
John B. Sanfilippo & Son, Inc.
John B. Sanfilippo & Son, Inc. Announces Its Fourth Quarter and Fiscal 2008 Year-End Operating Results
ELGIN, Ill., Aug. 28, 2008 (GLOBE NEWSWIRE) -- John B. Sanfilippo & Son, Inc. (Nasdaq:JBSS) today announced operating results for its fiscal 2008 fourth quarter and year ended June 26, 2008. Net income for the fourth quarter of fiscal 2008 was $2.7 million, or $0.25 per share diluted, compared to a net loss of $3.8 million, or $0.36 per share diluted, for the fourth quarter of fiscal 2007. The net loss for fiscal 2008 was $6.0 million, or $0.56 per share diluted, compared to a net loss of $13.6 million, or $1.28 per share diluted, for fiscal 2007. The net loss for the current fiscal year included, on a pre-tax basis, debt extinguishment costs of $6.7 million and restructuring costs of $1.8 million.
MAKO Surgical Corp.
MAKO Surgical Corp. to Present At the Morgan Stanley Global Healthcare Unplugged Conference
FORT LAUDERDALE, Fla., Aug. 28, 2008 (GLOBE NEWSWIRE) -- MAKO Surgical Corp. (Nasdaq:MAKO) announced today that Maurice R. Ferre, M.D., its President and Chief Executive Officer, and Fritz L. LaPorte, its Senior Vice President and Chief Financial Officer, are scheduled to present at the Morgan Stanley Global Healthcare Unplugged Conference on Tuesday, September 9, 2008, at 3:55 p.m. The conference will be held at the Grand Hyatt New York.
HydroGen, LLC Secures $2 Million in Bridge Financing From Samsung C&T Corporation and Federated Kaufmann Fund
CLEVELAND, Aug. 28, 2008 (GLOBE NEWSWIRE) -- HydroGen Corporation (Nasdaq:HYDG) (the "Company"), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced that the Company and HydroGen, LLC, the Company's wholly-owned subsidiary, entered into a Loan and Security Agreement on August 22, 2008 with Samsung C&T Corporation and Federated Kaufmann Fund pursuant to which Samsung and Federated Kaufmann have each agreed to loan $1 million to HydroGen, LLC in two equal installments. A first tranche of $1 million of the loan was released to HydroGen, LLC at the closing on August 22. A second tranche of $1 million will be released to HydroGen, LLC on or before September 30, 2008 based on the achievement of certain milestones.
Dollar Tree Stores, Inc.
Dollar Tree to Present At the 15th Annual Goldman Sachs Global Retailing Conference
CHESAPEAKE, Va., Aug. 28, 2008 (GLOBE NEWSWIRE) -- Dollar Tree, Inc. (Nasdaq:DLTR), the nation's leading operator of single-price point dollar stores, will participate in the 15th Annual Goldman Sachs Global Retailing Conference being held on September 3 - 4, 2008, at the Marriott Marquis, New York, New York. Dollar Tree's presentation is scheduled for Thursday, September 4, at approximately 8:45 am EDT. Bob Sasser, President and CEO, will discuss Dollar Tree's business and growth plans. A live audio-only web cast of the Company's presentation at the Goldman Conference will be available on Dollar Tree's web site, www.DollarTree.com/medialist.cfm. A replay will be available within 24 hours of the presentation and can be accessed at the same location. This replay will be available until midnight Wednesday, September 10, 2008.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Suspension of Quarterly Dividend
VALDOSTA, Ga., Aug. 28, 2008 (GLOBE NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK), the parent company of The Park Avenue Bank, today announced that it will not declare a dividend on its common stock for the third quarter of 2008. "While our subsidiary bank is well capitalized, and we continue to serve the financial needs of our communities, given the uncertainties in the economy and the decline in our earnings, we are suspending our quarterly dividend until our earnings improve," stated President and CEO M. Burke Welsh, Jr.
MBT Financial Corp.
MBT Financial Corp. Announces Quarterly Dividend
MONROE, Mich., Aug. 28, 2008 (GLOBE NEWSWIRE) -- On August 28, 2008, the Board of Directors of MBT Financial Corp. (Nasdaq:MBTF) declared a quarterly cash dividend of nine (9) cents per common share. Dividends will be paid on October 15, 2008 to shareholders of record as of September 25, 2008. This is a 50% reduction from the eighteen cents declared in the second quarter of this year. Based on the August 27, 2008 closing price of $4.51 per share, MBT Financial Corp. has an annualized dividend yield of 7.98% per common share.
Power Integrations, Inc.
Power Integrations Executives to Present At Upcoming Investor Conferences
SAN JOSE, Calif., Aug. 28, 2008 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, announced today that company executives are scheduled to present at the following investor conferences:
National Interstate Corp.
National Interstate Corporation Management to Present At Morgan Keegan 2008 Equity Conference
RICHFIELD, Ohio, Aug. 28, 2008 (GLOBE NEWSWIRE) -- National Interstate Corporation (Nasdaq:NATL) today announced that Management will make a presentation at the Morgan Keegan 2008 Equity Conference on Thursday, September 4, 2008 at 2:00 pm (CT). The conference is being held at the Peabody Hotel in Memphis, Tennessee, September 3-5. The presentation may include forward-looking and other material information.