Ultra Clean Technology, the Hayward maker of subsystems used by the semiconductor capital equipment industry, said its chief financial officer, Jack Sexton, was departing, “effective immediately.” No reason was cited for his departure, however “Sexton is expected to be eligible to receive severance benefits.”
In February, the audit committee of the company’s board of directors concluded that Read the rest of this entry »
Blockbuster delayed the filing of its annual 10-K report with the Securities and Exchange Commission as it seeks ways to refinance its debt to replace its current credit agreement that expires in August, and with it its access to $300 million in credit.
“The substantial time and resources dedicated to the refinancing negotiations” by Blockbuster’s management and financial staff has caused the company Read the rest of this entry »
Silicon Storage Technology, the Sunnyvale supplier of NOR flash memory semiconductor devices used in digital devices, said it’s not able to file its annual financial 10-K filing because it’s in the process of increasing the impairment charge it will be taking related to its investment in Grace Semiconductor Manufacturing, a privately held Cayman Islands company.
The company reported Feb. 4 that it would be taking a Read the rest of this entry »
LECG, the Emeryville provider of “expert testimony, authoritative studies and strategic advice to companies and law firms”, said its unable to post its annual financial filing with the SEC because it is “currently seeking approval from its lenders of an amendment or a waiver under its existing credit facility with regard to certain financial covenants.”
The company explained that, while it is currently in compliance Read the rest of this entry »
Subscribe via RSS all feeds