Showing 1-8 of about 8 articles.
Medical Action Industries Inc.
Medical Action Industries Announces New Independent Director
BRENTWOOD, N.Y., May 22, 2013 (GLOBE NEWSWIRE) -- Medical Action Industries Inc. (Nasdaq:MDCI) today announced that its Board of Directors has voted to increase the size of the Board from six members to seven members and to appoint Ms. Pamela R. Levy as an independent director. As an independent director, she will also serve on the Board's Audit Committee.
Medical Action Industries Inc.
Medical Action Industries Announces New $65 Million Credit Facility
BRENTWOOD, N.Y., May 21, 2013 (GLOBE NEWSWIRE) -- Medical Action Industries Inc. (Nasdaq:MDCI) today announced that it has entered into a new five year credit agreement for $65 million with Wells Fargo, N.A., part of Wells Fargo & Company (NYSE:WFC), effective May 17, 2013. The new credit facility refinances and replaces the previous agreement which had been scheduled to expire in June 2014 and which had approximately $54.6 million outstanding as of May 17, 2013. The new agreement includes a revolving line of credit, a term loan A and, upon our election, a term loan B as well as the ability to increase the size of the loan in certain circumstances, such as acquisitions. This new financing provides improved pricing, tenor and operating flexibility, and positions the Company to further execute on its strategic plans.
Medical Action Industries Inc.
Medical Action Industries Reports Third Quarter Fiscal 2013 Results
BRENTWOOD, N.Y., Feb. 11, 2013 (GLOBE NEWSWIRE) -- Medical Action Industries Inc. (Nasdaq:MDCI), a leading supplier of medical and surgical disposable products, today reported financial results for the third quarter ended December 31, 2012, including quarterly net sales of $109.4 million and gross profit of $19.1 million (the highest in Company history) or 17.5% of net sales. The Company generated non-GAAP net income (before a goodwill impairment charge and certain professional fees) of $1.6 million
Medical Action Industries Inc.
Medical Action Industries Announces Chief Operating Officer
BRENTWOOD, N.Y., Jan. 14, 2013 (GLOBE NEWSWIRE) -- Paul D. Meringolo, a member of the Board of Directors (our "Board") of Medical Action Industries Inc. (the "Company") (Nasdaq:MDCI) and its President and Chief Executive Officer, announced that the Company has begun the process of searching for a Chief Operating Officer. No deadlines have been established in connection with that search. Pending the results of that search, the Company announced that Mr. Paul Chapman, a current member of the Board, has been appointed interim Chief Operating Officer, effective January 14, 2013.
Showing 1-8 of about 8 articles.