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Given FRANKLIN RESOURCES INC global operations , FRANKLIN RESOURCES INC are also subject to securities laws and other laws of various non - U.S. jurisdictions and to regulation by non - U.S. regulators including , among others , the United Kingdom ( U.K. ) Financial Conduct Authority , the Luxembourg Commission de Surveillance du Secteur Financier , Canadian provincial and territorial securities regulatory authorities , the Monetary Authority of Singapore , the Australian Securities and Investments Commission , the Hong Kong Securities and Futures Commission , the Securities and Exchange Board of India , the Japanese Financial Services Agency and various international stock exchanges .
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Alan Clark , age 63 , joined MOC in 1979 and serves as Treasurer and Controller of both MD and MOC .
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On July 29 , 2016 , Youngevity International , Inc. acquired certain assets of Renew Interest , LLC ( Renew ) formerly owned by SOZO Global , Inc. ( SOZO ) , a direct sales company that offers nutritional supplements , skin and personal care products , weight loss products and coffee products .
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Table 20 : Directors and officers Name Age Position Caitlin Jeffs 41 Director , Chief Executive Officer , President and Secretary Michael Thompson 47 Director and Vice President of Exploration Joao ( John ) da Costa 52 Director , Chief Financial Officer and Treasurer Caitlin Jeffs , P. Geo .
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Prior to joining Mosaic as an employee in February 2006 , Mr. Brausen had been Vice President and Chief Financial Officer of Tennant Company , a designer , manufacturer and marketer of floor maintenance and outdoor cleaning equipment , chemical - free cleaning technologies , specialty surface coatings and related products , since March 2000 .
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Interactive Brokers Group , Inc. other European operations are conducted on the London Stock Exchange ; the Weiner B rse AG ; the Euronext exchanges in Amsterdam , Paris , Brussels and London ; NASDAQ OMX Nordic exchanges in Sweden , Finland and Denmark ; the MEFF and Bolsa de Valores Madrid in Spain ; the IDEM and Borsa Valori de Milano in Milan ; and the TOB in Vienna .
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Carlyle Group L.P. recognize revenue on investments in Carlyle Group L.P. investment funds based on Carlyle Group L.P. allocable share of realized and unrealized gains ( or losses ) reported by such investment funds , and a decline in realized or unrealized gains , or an increase in realized or unrealized losses , would adversely affect Carlyle Group L.P. revenue , which could further increase the volatility of Carlyle Group L.P. quarterly results and cash flow .
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In exchange for 80 % of the outstanding capital stock of Pelican on a fully diluted basis , HEAT BIOLOGICS , INC . paid to the Pelican Stockholders that executed the Stock Purchase Agreement ( the Participating Pelican Stockholders ) an aggregate of $ 500,000 ( the Cash Consideration ) , and issued to the Participating Pelican Stockholders 1,331,056 shares of HEAT BIOLOGICS , INC . s restricted common stock representing 4.99 % of the outstanding shares of HEAT BIOLOGICS , INC . common stock on the date of the initial execution of the Purchase Agreement ( the Stock Consideration ) .
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In exchange for the sale of the equity interest in SSF and subject to certain conditions and performance thresholds , Tianjin Enternet will receive shares of YOU ON DEMAND HOLDINGS , INC . common stock over three years , with the exact amount based on an earn - out provision , such amounts not to exceed 5.0 million shares of common stock for each of 2016 , 2017 and 2018 .
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Cash used in ITERIS , INC . operations for the three months ended June 30 , 2016 was primarily the result of approximately $ 960,000 of working capital used and ITERIS , INC . net loss of approximately $ 38,000 , adjusted by approximately $ 530,000 in non - cash items for deferred income taxes , depreciation , stock - based compensation , amortization , gain on sale of discontinued operation and loss on disposal of equipment .
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Financial Condition , Liquidity and Capital Resources Carey Credit Income Fund - I primary sources of cash include ( i ) the sale of Carey Credit Income Fund - I Common Shares , ( ii ) Carey Credit Income Fund - I shareholders ' reinvestment of their distributions , ( iii ) distributions received from Carey Credit Income Fund - I ownership of the Master Fund 's common shares , and ( iv ) expense reimbursement payments from the Advisors pursuant to the Expense Support Agreement .
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Under the terms of GRAHAM ALTERNATIVE INVESTMENT FUND II LLC Agreement , GAIF II is managed by the Manager .
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Mr. Garrett first joined Documentum as Executive Vice President and Chief Financial Officer in 1997 , holding that position through October 1999 and then re - joining Documentum as Executive Vice President and Chief Financial Officer in 2002 .
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On December 6 , 2016 , MYnd Analytics , Inc , entered into a common stock Purchase agreement ( the Purchase Agreement ) with Aspire Capital Fund , LLC ( Aspire Capital ) which provides that , upon the terms and subject to the conditions and limitations set forth therein , Aspire Capital is committed to purchase up to an aggregate of $ 10.0 million of shares of MYnd Analytics , Inc. s common stock over the 30 - month term of the Purchase Agreement .
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Finally , SEARS HOLDINGS CORP also experienced a revenue decline in SEARS HOLDINGS CORP Home Services business during 2014 , as well as a decline in delivery revenues , which when combined , accounted for $ 145 million of the decline and a decline in SEARS HOLDINGS CORP revenues from SHO of $ 119 million .
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CFBank provides financial services through its four full - service banking offices in Fairlawn , Calcutta , Wellsville and Worthington , Ohio , and through its loan production office in Woodmere , Ohio .
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Mr. Anderson previously served as Chief Financial Officer of Exterran Holdings , Inc. and Exterran Partners , L.P , a global market leader in natural gas compression and oil and gas services , from 2003 until 2012 .
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Rick Etskovitz joined us in June 2000 , when he was appointed as ASTEA INTERNATIONAL INC CFO and Treasurer .
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For U.S. federal income tax purposes , FS Energy & Power Fund may be required to recognize taxable income in circumstances in which FS Energy & Power Fund do not receive a corresponding payment in cash .
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The remaining balance in currency translation adjustments excludes income taxes as a result of Expedia , Inc. current intention to indefinitely reinvest the earnings of Expedia , Inc. international subsidiaries outside of the United States .
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Section 906 Certification of Mark E. Ellis , Chairman , President and Chief Executive Officer of LinnCo , LLC 32.2 * * .
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Timothy P.V. Mammen Senior Vice President and Chief Financial Officer ( Principal Financial Officer ) .
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In AXIOM HOLDINGS , INC . opinion , the financial statements referred to above present fairly , in all material respects , the financial position of Axiom Holdings , Inc. ( Formerly At Play Vacations , Inc. ) as of December 31 , 2015,September 30 , 2015 and 2014 , and the results of its operations and its cash flows for the three months ended December 31 , 2015 and the years ended September 30 , 2015 and 2014 , in conformity with accounting principles generally accepted in the United States of America .
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IPL currently expects to reduce the amount of billing credits on its Iowa retail electric customers bills in 2016 compared to 2015 related to the approved settlement agreement for IPL s Iowa retail electric rates .
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She was written into the congressional record with remarks in recognition of her outstanding leadership by congresswoman Carolyn Maloney in 2004 and 2007 , she received letters of recognition and outstanding citizen citations from President Bill Clinton , Governor George Pataki , Mayors Michael Bloomberg and Rudolf Giuliani , and she received letters of recognition from then senator Hillary Rodham Clinton and Charles E. Schumer .
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The declining balance of the FDIC loss share receivable and related amortization also contributed $ 23.2 million to the increase in interest income .
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In April 2015 , Sempra Natural Gas invested $ 113 million in Rockies Express to repay project debt that matured in early 2015 .
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Ms. Sorensen and Ominto , Inc. CEO
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On December 15 , 2015 , the Operating Partnership acquired the assets of Propane USA Distribution , LLC ( Propane USA ) , a propane marketer headquartered in Margate , Florida , and its affiliate companies , for $ 45,000 , of which $ 41,250 was paid as of December 26 , 2015 .
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Most of IBERIABANK CORP s business activity is with customers located within the states of Louisiana , Florida , Arkansas , Alabama , Texas , Georgia , and Tennessee .
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In January 2015 and May 2015 , certain of Products Corporation s newly - formed U.S.-domiciled subsidiaries in the Professional segment and certain of Products Corporation 's newly - formed U.S.-domiciled subsidiaries formed in connection with the CBB Acquisition ( collectively , the New U.S. Subsidiaries ) became additional guarantors under such debt instruments .
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uniQure N.V. operates a defined contribution pension plan for all employees at its Amsterdam facility in the Netherlands , which is funded by uniQure N.V. through payments to an insurance company , with individual accounts for each participants ' assets .
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As of December 31 , 2015 , MARCUS CORP theatre operations included 53 movie theatres with 668 screens throughout Wisconsin , Illinois , Iowa , Minnesota , Nebraska , North Dakota and Ohio , including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by us .
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Investment in Refined Coal Facility WASTE MANAGEMENT INC refined coal facility investment and the resulting federal tax credits reduced WASTE MANAGEMENT INC provision for income taxes by $ 23 million , $ 21 million and $ 20 million for the years ended December 31 , 2015 , 2014 and 2013 , respectively .
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Dr. Ishwar has served as Vice President Marketing Technology of HAYNES INTERNATIONAL INC since January 2010 .
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As a result of these factors , FINISAR CORP operating results may vary significantly from quarter to quarter .
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Prior to her promotion to Vice President , Ms. Garnick worked at Glenborough Corporation as an Accounting Manager from October 1989 until August 1992 .
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Prior to his tenure at Oxbow , Mr. Courtney served in various downstream and midstream management positions at Exxon and Exxon Mobil from 1991 to 2013 .
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Prior to his appointment as SECURITY NATIONAL FINANCIAL CORP 's Vice President of Mortgage Operations and as President of SecurityNational Mortgage , Mr. Johnson served as Executive Vice President and Chief Operating Officer of SecurityNational Mortgage , positions he had held since 2012 .
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Orbital Tracking Corp. consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States .
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The Performance RSUs awarded to SWIFT ENERGY CO NEOs as part of the 2013 , 2014 and 2015 executive compensation program contain a clawback provision related to any misconduct , malfeasance or gross negligence by the individual that contributes to any inaccuracy of SWIFT ENERGY CO s financial results or the results of the performance metrics tied to the awards .
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Services and Rentals CONNECTICUT WATER SERVICE INC / CT Services and Rentals segment provides contracted services to water and wastewater utilities and other clients and also leases certain of CONNECTICUT WATER SERVICE INC / CT properties to third parties through CONNECTICUT WATER SERVICE INC / CT unregulated companies in the State of Connecticut and through Maine Water in the State of Maine .
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After accounting for the sale of these five emissions testing centers , SPEEDEMISSIONS INC now operate 22 emission testing centers in Atlanta , Georgia , St. Louis , Missouri and Salt Lake City , Utah metropolitan areas , plus three mobile testing units in the Atlanta , Georgia area .
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On February 3 , 2014 , Steven Rosenfeld commenced a lawsuit in the New York State Supreme Court , for the county of New York , against Joel Schreiber , Samuel D. Waksal and certain Kadmon entities alleging that he and co - defendant Schreiber were engaged to raise funds for a new venture involving Kadmon .
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If you are a U.S. holder of LinnCo , LLC shares , the IRS Forms 1099 - DIV that you receive from your broker may over - report your dividend income , if any , with respect to LinnCo , LLC shares for U.S. federal income tax purposes , and failure to over - report your dividend income in a manner consistent with the IRS Forms 1099 - DIV that you receive from your broker may cause the Internal Revenue Service ( IRS ) to assert audit adjustments to your U.S. federal income tax return .
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The Water Operations segment is comprised of CONNECTICUT WATER SERVICE INC / CT core regulated water operations to supply public drinking water to CONNECTICUT WATER SERVICE INC / CT customers .
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Executive Vice President and Chief Financial Officer ( principal financial officer ) March 16 , 2016 Robert A. Schriesheim .
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As of January 2 , 2016 , BUILD A BEAR WORKSHOP INC operated 329 retail stores located primarily in major malls throughout the United States , Canada , Puerto Rico , the United Kingdom , Ireland and Denmark in BUILD A BEAR WORKSHOP INC DTC segment .
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As of December 31 , 2015 , in West Virginia , Antero Midstream Partners LP owned and operated 104 miles of buried fresh water pipelines and 80 miles of surface fresh water pipelines that service
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During 2016 , GENUINE PARTS CO s Automotive Parts Group included NAPA automotive parts distribution centers and automotive parts stores ( auto parts stores or NAPA AUTO PARTS stores ) owned and operated in the United States by the Company ; NAPA and Traction automotive parts distribution centers and auto parts stores in the United States and Canada owned and operated by GENUINE PARTS CO and NAPA Canada / UAP Inc. ( NAPA Canada / UAP ) , a wholly - owned subsidiary of the Company ; auto parts stores and distribution centers in the United States operated by corporations in which GENUINE PARTS CO owned either a noncontrolling or controlling interest ; auto parts stores in Canada operated by corporations in which UAP owns a 50 % interest ; Repco and other automotive parts distribution centers , branches and auto parts stores in Australia and New Zealand owned and operated by GPC Asia Pacific , a wholly - owned subsidiary of the Company ; import automotive parts distribution centers in the United States owned by GENUINE PARTS CO and operated by its Altrom America division ; import automotive parts distribution centers in Canada owned and operated by Altrom Canada Corporation ( Altrom Canada ) , a wholly - owned subsidiary of the Company ; distribution centers in the United States owned by Balkamp , Inc. ( Balkamp ) , a wholly - owned subsidiary of the Company ; distribution facilities in the United States owned by GENUINE PARTS CO and operated by its Rayloc division ; automotive parts distribution centers and automotive parts stores in Mexico , owned and operated by Grupo Auto Todo , S.A. de C.V. ( Auto Todo ) , a wholly - owned subsidiary of the Company ; and an automotive parts distribution center and automotive parts stores in Mexico , owned and operated by Autopartes NAPA Mexico ( " NAPA Mexico " ) , a wholly - owned subsidiary of GENUINE PARTS CO .
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( 3 ) On March 21 , 2014 , Jeff Mitchell , Chief Financial Officer and Secretary and Ambient Water Corp entered into a separation agreement whereby Mr. Mitchell resigned his executive officer positions .
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b. DarioHealth Corp. 's wholly owned subsidiary , LabStyle Innovation Ltd. ( Ltd. or Subsidiary ) , was incorporated and commenced operations on September 14 , 2011 in Israel .
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MOSAIC CO use sulfuric acid in the production of concentrated phosphates in MOSAIC CO Florida and Louisiana operations .
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On November 8 , 2011 , Lithium Exploration Group , Inc. entered into a letter agreement with Glottech - USA .
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Pursuant to the Separation and Distribution Agreement and the Tax Sharing Agreement , Grace agreed to indemnify us for certain liabilities , and GCP Applied Technologies Inc. agreed to indemnify Grace for certain liabilities , and GCP Applied Technologies Inc. agreed to indemnify Grace in each case for uncapped amounts , as discussed further in Certain Relationships and Related Transactions - Agreements with Grace .
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Cash Flows for the Years Ended December 31 , 2014 and 2013 During the year ended December 31 , 2014 , Neff Corp operating activities provided net cash flow of $ 94.1 million as compared to $ 108.4 million for the year ended December 31 , 2013 .
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The Community Bank Trust I was organized in 2004 , and Trust II was organized in 2006 .
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Mr. Massoumi joined Iteris in 1998 and served in a number of executive and managerial positions prior to the promotion to his current position , most recently as ITERIS , INC . Vice President of Business Development from June 2011 to March 2015 .
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WestMountain Alternative Energy Inc depend almost entirely on the efforts and continued employment of Mr. Klemsz , WestMountain Alternative Energy Inc President and Treasurer .
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The following table summarizes Bellerophon Therapeutics , Inc. results of operations for the three months ended March 31 , 2017 and 2016 .
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In the first quarter of 2014 Street Capital declared a dividend in kind , consisting of its 73.3 % interest in HGI , which was paid to Street Capital shareholders in April 2014 .
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Also , see Note 2 of the notes to ANTERO RESOURCES Corp audited consolidated financial statements , included in ANTERO RESOURCES Corp 2016 Form 10 - K , for a discussion of additional accounting policies and estimates made by management .
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These hardships include the loss of $ 3,643,000 in cash that is the property of E - WORLD USA HOLDING , INC that is now held in bank accounts in the People s Republic of China and , to a material extent , a decrease in E - World s annual revenue from $ 6,833,768 for the fiscal year ended December 31 , 2014 to $ 379,493 for the fiscal year ended December 31 , 2015 .
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These amounts include $ 320.3 million and $ 283.5 million as of June 30 , 2017 and December 31 , 2016 , respectively , held in NU SKIN ENTERPRISES INC operations outside of the U.S.
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CYBEROPTICS CORP lease a 50,724 square foot mixed office and warehouse facility built to CYBEROPTICS CORP specifications in Golden Valley , Minnesota , which functions as CYBEROPTICS CORP corporate headquarters and primary manufacturing facility for all of CYBEROPTICS CORP sensor products , including those used in CYBEROPTICS CORP SMT inspection system products .
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( 5 ) UNIT CORP formed The Unit 1984 Oil and Gas Limited Partnership and the 1986 Energy Income Limited Partnership along with private limited partnerships ( the Partnerships ) with certain qualified employees , officers and directors from 1984 through 2011 .
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Pursuant to an agreement between Mr. Miller and Bank of America , N.A , as lender ( the Lender ) , Mr. Miller pledged 151,200 common units as security for a loan the Lender made to Mr. Miller ( the Miller Pledge Agreement ) .
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Prior to joining Safeguard , Mr. Sisko served as Chief Legal Officer , Senior .
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The SpineZ Merger was effectuated as a share exchange transaction in which the former stockholders of Debride exchanged each share that they owned of Debride for 1.936 shares of SpineZ. As a result of the SpineZ Merger , the former owners of Debride became 53 % majority owners of SpineZ. Medovex Corp. accounted for this transaction as a reverse merger and recapitalization of Debride into SpineZ. Medovex Corp. is a development stage enterprise that has acquired a patent , patent applications and other intellectual property rights relating to the use , development , and commercialization of the DenerveX Device ( DenerveX ) .
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Haley R. Fisackerly Haley R. Fisackerly Chairman of the Board , President , and Chief Executive Officer of Entergy Mississippi , Inc.
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Inc. recognize that personal privacy has become a significant issue in the United States , Europe , and many other countries where Guidewire Software , Inc. operate .
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Description of Business and Basis of Presentation Nature of Business Nant Health , LLC was formed on July 7 , 2010 , as a Delaware limited liability company .
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Planet Fitness Holdings , L.P. was formed in October 2014 and had no material assets , liabilities or operations , other than as a holding company owning indirect interests in Pla - Fit Holdings .
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On December 1 , 2015 , CLOUD PEAK ENERGY INC . announced a similar amendment to CLOUD PEAK ENERGY INC . transportation agreement with BNSF .
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Ram Mukunda . Chief Executive Officer and President .
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Blackstone Advisory Partners L.P , a subsidiary of ours through which Blackstone Group L.P. conduct Blackstone Group L.P. capital markets services business and certain of Blackstone Group L.P. fund marketing and distribution , is registered as a broker - dealer with the SEC and is subject to regulation and oversight by the SEC , is a member of the Financial Industry Regulatory Authority , or FINRA , and is registered as a broker - dealer in 50 states , the District of Columbia , the Commonwealth of Puerto Rico and the Virgin Islands .
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To participate in the FHLB advance program , HILLS BANCORPORATION is required to have an investment in FHLB stock .
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As of December 31 , 2015 Taylor Morrison Home Corp operated in Arizona , California , Colorado , Florida , Georgia , Illinois , North Carolina , and Texas .
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The term of Ms. Carlise s employment was extended to December 1 , 2016 from June 9 , 2016 , her annual salary was increased to $ 140,000 from $ 72,000 and she agreed to devote substantially all of her business time exclusively to Orbital Tracking Corp.
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President , Chief Executive Officer , Chief Operating Officer and Director Van A. Welch .
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In January 2015 , SAFEGUARD SCIENTIFICS INC acquired a 25.4 % interest in Full Measure Education , Inc. for $ 4.0 million .
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In June 2016 , WBI Energy sold all of the outstanding membership interests in Dakota Prairie Refining .
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In addition to leading FS Advisor , Mr. Forman currently serves as chairman , president and chief executive officer of FB Income Advisor , LLC , FSIC II Advisor , LLC , FS Investment Corporation II , FSIC III Advisor , LLC , FS Investment Corporation III , FSIC IV Advisor , LLC , FS Investment Corporation IV , FS Global Advisor , LLC , FS Global Credit Opportunities Fund and the FSGCOF Offered Funds .
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Executive Officers of WPL Patricia L. Kampling Ms. Kampling has served as a director since January 2012 , and as Chairman of the Board and CEO since April 2012 .
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Berry Acquisition On December 16 , 2013 , in connection with the Berry acquisition ( see Note 2 ) , Berry s shareholders received 1.68 LinnCo common shares for each Berry common share they owned , totaling 93,756,674 LinnCo common shares .
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( 3 ) Includes a vacation ownership development adjacent to the Grand Geneva Resort Spa owned by Orange Lake Resort Country Club of Orlando , Florida for which MARCUS CORP provide hospitality management services , and the SafeHouse restaurant located in Milwaukee , Wisconsin , which MARCUS CORP lease from an unrelated party and which is managed by MARCUS CORP hotels and resorts division .
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Dennis F. Beardslee Owner , Terrace Lanes Bowling Center Jan E. Fisher Executive Vice President / COO Susquehanna Health System R. Bruce Haner Retired auto buyer for new car dealers Susan E. Hartley Attorney At Law Edward H. Owlett , Ill President and CEO , Putnam Company J. Bradley Scovill President and CEO Leonard Simpson Attorney At Law and Sullivan County District Attorney James E. Towner Retired General Manager , The Scranton Times Ann M. Tyler CPA , Ann M. Tyler CPA 2015 Executive Team J. Bradley Scovill President and CEO Shelley L. D ' Haene EVP and Senior Operations Officer Stan Dunsmore EVP and Chief Credit Officer Harold F. Hoose , Ill EVP and Director of Lending Division Mark A. Hughes EVP and Director of Finance Division John M. Reber EVP and Director of Risk Management Thomas L. Rudy , Jr. EVP and Director of Branch Delivery Deborah E. Scott EVP and Director of Trust Division I like to create a true win - win relationship I didn ' t choose C N Bank for any one particular reason ; it was really a combination of several reasons .
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Taylor Morrison Home Corp have historically experienced , and expect to continue to experience , variability in Taylor Morrison Home Corp results on a quarterly basis .
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Please refer to GOLDEN QUEEN MINING CO LTD s Form 10 - K dated March 15 , 2017 for information on the Project and the Joint Venture .
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Mr. Grandey was recognized in 2014 for leadership in the nuclear industry with the U.S. Nuclear Energy Institutes William S. Lee Award ; inducted into the Canadian Mining Hall of Fame in 2013 ; awarded the Canadian Nuclear Association s Ian McRae Award in 2012 for his work in advancing nuclear energy in Canada ; and was nominated for the 2011 Oslo Business for Peace Award in recognition of his efforts to facilitate nuclear disarmament .
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RING ENERGY , INC . reserves estimates and process for developing such estimates are reviewed and approved by its Vice President of Operations , Daniel D. Wilson , a petroleum engineer , and Chief Executive Officer , Kelly Hoffman , to ensure compliance with SEC disclosure and internal control requirements and to verify the independence of the third party consultants .
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Mr. Ferriola joined Nucor in 1991 as the Manager of Maintenance and Engineering at Nucor Steel - Texas .
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In connection with the Quarterly Report on Form 10 - Q of PowerComm Holdings , Inc. ( the Company ) for the quarter ending June 30 , 2017 , as filed with the Securities and Exchange Commission on the date hereof ( the Report ) , David Kwasnik , Chief Executive Officer and Chief Financial Officer of PowerComm Holdings Inc , hereby certifies , pursuant to 18 U.S.C. Section 1350 , as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002 , that to his knowledge : .
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As discussed in the Form 10 - K , in July 2016 , Entergy New Orleans filed an application with the City Council seeking authorization to undertake a restructuring that would result in the transfer of substantially all of the assets and operations of Entergy New Orleans to a new entity , which would ultimately be owned by an existing Entergy subsidiary holding company .
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CVR ENERGY INC critical accounting policies are disclosed in the " Critical Accounting Policies " section of CVR ENERGY INC 2016 Form 10 - K. No modifications have been made to CVR ENERGY INC critical accounting policies .
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Hannon Armstrong Sustainable Infrastructure Capital , Inc. fiscal year ends on December 31 of each year , beginning with the year ended December 31 , 2013 .
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Steven J. Lubman has served as Surge Components Vice President , Secretary , Treasurer and a director since SURGE COMPONENTS INC inception in November 1981 .
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The Loan Agreement consists of : ( i ) a revolving credit facility that provides New York & Company , Inc. with up to $ 100 million of credit , consisting of a $ 75 million revolving credit facility ( which includes a sub - facility for issuance of letters of credit up to $ 45 million ) with a fully committed accordion option that allows New York & Company , Inc. to increase the revolving credit facility up to $ 100 million or decrease it to a minimum of $ 60 million , subject to certain restrictions , and ( ii ) a $ 15 million , 5 - year term loan , bearing interest at the Adjusted Eurodollar Rate plus 4.50 % .
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During the employment term , Mr. Mueller would serve as Chairman and would devote a percentage of his business time and attention to GMS Inc. as follows ( expressed as a percentage of his business time allocated to GMS Inc. on an annual basis during the twelve - month period prior to May 1 , 2015 ): ( i ) 50 % during the first year of the employment term and ( ii ) 30 % during each of the second and third years of the employment term .
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Common Stock PAUL G. DALY Director Chief Executive Officer , Chief Financial Officer , President , Secretary and Treasurer .
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