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SCI Welcomes Industry Veteran to Advisory Board

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QUEENSBURY, N.Y.–(BUSINESS WIRE)–Subcontracting Concepts, LLC is very pleased to announce and welcome Chris MacKrell as a new member to the SCI Advisory Board. SCI’s newly formed Advisory Board has been created to provide strategic guidance and technical advice — ensuring SCI remains the leading third-party administrator as the last-mile supply chain is shaped by new forces.

Chris brings a wealth of knowledge in last-mile logistics to SCI. He will be instrumental in continuing SCI’s market-leading position as the preeminent third-party administrator for logistics brokers and owner operators in the last mile marketplace.

Chris is the co-founder of Custom Courier Solutions and served in various national sales and Senior Operations roles as the Manager of Business Development at CD&L and Regional Vice President – East Sales and Operations at AirNet, a $150M Air freight carrier.

Like SCI, Chris believes strongly in advocating for this industry. In 2013, he testified before a Senate Subcommittee on Employment and Workforce Safety on the key role Owner Operators play in the US economy. He served as the President of the CLDA – Customized Logistics and Delivery Association, formerly the MCAA, and the NYSMCA – New York State Messenger and Courier Association. Prior to his term as President, Chris served as a Chairman of both the CLDA & NYSMCA Government Affairs committee. The NYSMCA is the key trade association advocating for the industry in New York State. He is a recipient of the industry’s Distinguished Service award in 2009 and an inductee into the CLDA Hall of Fame in 2016. The CLDA is the nation’s largest logistics industry trade association. Chris has a B.S. degree in Business from SUNY Brockport. He currently resides in Saratoga Springs, New York.

I am thrilled to be part of the SCI team. I have had nothing but great experiences working with SCI as both a client and member of CLDA and I am looking forward to contributing my industry expertise to SCI’s already market-leading technical innovation.”

Peter Fidopiastis, President and General Counsel, states, “We are very excited to welcome Chris to our advisory board at SCI. His track record in this industry is unparalleled, and his vast experience is something of great value to SCI and the future of our business. Mr. Fidopiastis added: “Chris brings a unique perspective in the industry that SCI has never had before.”

About SCI

Subcontracting Concepts, LLC (SCI) is the premier Third-Party Administrator (3PA) servicing the logistics industry. SCI provides its customers with competitive insurance programs, settlement Processing, and personalized customer Service for logistics brokers. Building software and services that can keep up with the demand of the logistics industry has always been our focus. Furthermore, everyone at SCI is dedicated to knowing more about our customers’ needs and adapting to meet them. The SCI team is continually collaborating on new and exciting ways to streamline owner operator enrollment, document management, and verification. SCI combines technology, personal customer service, and years of knowledge and experience to create a one stop shop to ease the burden of owner operator management. For more information visit www.sciadmin.com

Contacts

Brent Pickerd

(800) 821-5344

brent@sciadmin.com

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Business Wire

Shareholder Alert: Robbins Arroyo LLP Announces NetApp, Inc. (NTAP) Sued for Misleading Shareholders

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SAN DIEGO & SUNNYVALE, Calif.–(BUSINESS WIRE)–$NTAP #classaction–Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of NetApp, Inc. (NASDAQ: NTAP) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between May 22, 2019 and August 1, 2019. NetApp provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide.

If you suffered a loss as a result of NetApp’s misconduct, click here.

NetApp Accused of Misleading Shareholders

According to the complaint, in May 2019, NetApp announced its full year 2019 financial results, touting increases in net revenue and income and an increase of $4.09 in earnings per share. In June 2019, NetApp reaffirmed these results in its Form 10-K, despite also acknowledging risks that could affect its business, including that most of its revenues came from large, recurring purchases from clients and that any cancellations or delays in these purchases could negatively impact NetApp’s revenues. However, what NetApp failed to disclose was that it was already experiencing material negative impacts on its revenue due to the company’s inability to close large deals within the quarter. Then, on August 1, 2019, NetApp revealed the reality of its financial situation when it announced lowered than expected first quarter 2019 adjusted earnings and net revenue and lowered its first quarter 2020 net revenue from a range of $1.315 to $1.465 billion to a range of $1.22 to $1.23 billion and announced its 2020 net revenue was expected to decline between 5% to 10% year-over-year. On this news, NetApp’s share price fell $11.67, or over 20%, to close at $46.04.

NetApp, Inc. (NTAP) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsarroyo.com

Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins Arroyo LLP

5040 Shoreham Place

San Diego, CA 92122

lkandinov@robbinsarroyo.com

(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsarroyo.com

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Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SAExploration Holdings, Inc. Investors (SAEX)

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BENSALEM, Pa.–(BUSINESS WIRE)–$SAEX–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SAExploration Holdings, Inc. (“SAExploration” or the “Company”) (NASDAQ: SAEX) securities between March 15, 2016 and August 15, 2019, inclusive (the “Class Period”). SAExploration investors have until October 17, 2019 to file a lead plaintiff motion.

Investors suffering losses on their SAExploration investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 15, 2019, SAExploration revealed that certain accounting matters that arose in 2015-2016 were under investigation by the SEC. The Company stated that they would restate its previously issued financial statements for fiscal years 2015 through 2018 and delay filing its 10-Q for the quarter ended June 30, 2019. The Company’s Chief Executive Officer was placed on administrative leave, and its Chief Financial Officer was terminated from his position.

On this news, the Company’s share price fell $1.13 per share, or over 34%, to close at $2.14 per share on August 16, 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company improperly did not classify Alaska Seismic Ventures, LLC (“ASV”) as a variable interest entity; (2) that the Company had a controlling financial interest in ASV, which required the Company to consolidate ASV in its financial statements; (3) that the Company had deficient internal controls over financial reporting; (4) that these practices were likely to lead to an investigation of the Company by the SEC; (5) that SAExploration would be forced to delay the filing of its quarterly report for the quarter ended June 30, 2019; and (6) that as a result, Defendants’ statements about SAExploration’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased SAExploration securities have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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Business Wire

Thomas Rodriguez Joins Kleinfelder as Executive Vice President and East Division Director

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EXTON, Pa.–(BUSINESS WIRE)–Kleinfelder announced today that Thomas Rodriguez has joined the firm as Executive Vice President and East Division Director. Rodriguez is a results-driven leader with significant experience directing multi-disciplined operations and leading teams to drive profitable growth. Based in Kleinfelder’s Exton office, Rodriguez will oversee operations throughout Kleinfelder’s East Division.

“Tom will be a significant asset to Kleinfelder’s leadership team as we continue to position our business to best capitalize on existing and emerging market opportunities,” commented Louis Armstrong, President. “His diverse skill sets, experience, and knowledge of our markets will be invaluable as he leads our East Division operations in strategic initiatives that drive growth and create new opportunities for our staff.”

An accomplished professional with versatile experience, Rodriguez has a strong technical foundation in addition to a proven track record in operations management, enterprise risk management, business development, and health and safety stewardship. Having successfully led business operations with over 700 staff and over $150 million in sales and revenue, he has achieved tremendous success delivering growth and profitability through portfolio diversification, enterprise-level marketing and sales campaigns, and reduction of project overruns and claims through effective risk management and quality assurance measures. Maintaining a results and people driven leadership style, Rodriguez underscores the importance of cultivating and retaining staff, coaching and developing new leaders, and emphasizing a high quality, safety-first work culture.

“I have known and admired Kleinfelder’s strong work and market position for many years,” said Rodriguez. “Under the current leadership team and capital structure, we are positioned to provide broader services to our clients, greater career opportunities for our staff, and achieve strong, profitable growth in the months and years ahead. I am proud and excited to be joining this team.”

About Kleinfelder

Founded in 1961, Kleinfelder is an engineering, construction management, design and environmental professional services firm. Kleinfelder operates over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.

Contacts

Dustin Esposito

Marketing and Communications Manager

DEsposito@Kleinfelder.com

(617) 498‐4627

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