WM | Jotup

Broadwind Sends Letter to Shareholders Clarifying Attempts by WM Argyle to Mislead Shareholders

Retrieved on:

Tuesday, May 9, 2023

NOL, Economic methodology, Wind, WM, EBITDA, Trustee, Risk, Knowledge, Growth, Letter, Character, Proxy, Broker, Warehouse, Management, CICERO

CICERO, Ill., May 09, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, or the “Company”), has sent a letter to shareholders in connection with its upcoming annual meeting, which is scheduled to be held on May 23, 2023 (the “2023 Annual Meeting”). The full text of the letter follows.

Key Points:

You have likely received proxy vote solicitation materials from WM Argyle Fund, LLC (“WM Argyle”), an activist hedge fund that owns 1% of Broadwind, Inc.’s (“Broadwind” or the “Company”) outstanding common stock.
Broadwind strongly believes that WM Argyle’s opportunistic campaign for Board representation puts shareholder value at risk.
We believe shareholders should be very concerned that WM Argyle is manipulating facts about the directors and officers of Broadwind to hide WM Argyle’s candidates’ total lack of qualifications to serve on the Board.
WM Argyle claims that its candidate Ryan Bogenschneider’s experience includes “working with the BWEN board in 2016.” This is false.

WM Board of Directors Elects Kathleen M. Mazzarella Chairman of the Board

Retrieved on:

Tuesday, May 9, 2023

Waste Management, Inc. (NYSE: WM) announced today that its Board of Directors has elected Kathleen (Kathy) M. Mazzarella as Chairman of the Board to replace retiring Chairman Thomas (Tom) H. Weidemeyer, which was effective as of the 2023 Annual Meeting of Stockholders conducted earlier today.

Key Points:

Waste Management, Inc. (NYSE: WM) announced today that its Board of Directors has elected Kathleen (Kathy) M. Mazzarella as Chairman of the Board to replace retiring Chairman Thomas (Tom) H. Weidemeyer, which was effective as of the 2023 Annual Meeting of Stockholders conducted earlier today.
Drawing on her vast operational, sustainability, and leadership experience, Kathy is well positioned to lead our Board and provide invaluable guidance to management,” said Jim Fish, President and Chief Executive Officer of WM.
“We thank Tom for his 18 years of service on our Board and his leadership as Chairman since 2018.
Mazzarella also serves on the Board of Directors of Cigna Corporation and Core & Main, and she previously served as Chairman of the Federal Reserve Bank of St. Louis.

Wynn Resorts, Limited Reports First Quarter 2023 Results

Retrieved on:

Tuesday, May 9, 2023

Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the first quarter ended March 31, 2023.

Key Points:

Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the first quarter ended March 31, 2023.
Net income attributable to Wynn Resorts, Limited was $12.3 million for the first quarter of 2023, compared to net loss attributable to Wynn Resorts, Limited of $183.3 million for the first quarter of 2022.
Net income attributable to Wynn Resorts, Limited was $12.3 million for the first quarter of 2023, compared to net loss attributable to Wynn Resorts, Limited of $183.3 million for the first quarter of 2022.
For the first quarter of 2023, Adjusted Property EBITDAR increased $72.2 million, $111.9 million, $49.4 million, $8.2 million, and $10.4 million at our Las Vegas Operations, Wynn Palace, Wynn Macau, Encore Boston Harbor, and Wynn Interactive, respectively, from the first quarter of 2022.

WM Argyle Investor Presentation Details the Failures of Broadwind’s Board of Directors and Urges Shareholders to Elect the Fund’s Three Director Nominees

Retrieved on:

Monday, May 8, 2023

WM, Fund, Security (finance)

MILWAUKEE, May 08, 2023 (GLOBE NEWSWIRE) -- WM Argyle Fund, LLC (the “Fund”), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (“Broadwind” or the “Company”), today released a presentation to Broadwind investors that described the dismal track record of the Company’s Board of Directors (the “Board”) and urged shareholders to elect the Fund’s nominees.

Key Points:

MILWAUKEE, May 08, 2023 (GLOBE NEWSWIRE) -- WM Argyle Fund, LLC (the “Fund”), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (“Broadwind” or the “Company”), today released a presentation to Broadwind investors that described the dismal track record of the Company’s Board of Directors (the “Board”) and urged shareholders to elect the Fund’s nominees.
The presentation noted that:
Shareholders have endured a “lost decade” of financial losses, share dilution and stock-price underperformance;
Three entrenched directors bear the greatest share of responsibility for the Board’s strategic errors and governance failings and should be replaced with the Fund’s three nominees at the annual meeting; and
WM Argyle’s nominees are exceptionally qualified to serve shareholder interests and will bring fresh thinking and greater accountability to the Board.
In its presentation, the Fund urged stockholders to vote FOR Ryan Bogenschneider, Christine M. Candela and James M. Robinson IV and to WITHHOLD on incumbent directors David P. Reiland, Thomas A. Wagner and Cary B.
Wood.

BeiGene Receives New Approvals for BRUKINSA® (zanubrutinib) in China

Retrieved on:

Saturday, May 6, 2023

View the full release here: https://www.businesswire.com/news/home/20230506005006/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230506005006/en/
BeiGene BeiGene Receives New Approvals for BRUKINSA® (zanubrutinib) in China (Photo: Business Wire)
“These approvals further support BRUKINSA as the BTKi of choice in China for the treatment of B-cell malignancies such as CLL and WM,” said Lai Wang, Ph.D., Global Head of R&D at BeiGene.
NMPA converted these conditional approvals to regular approvals for R/R CLL/SLL and R/R WM in April 2023.
With these important approvals, BRUKINSA now becomes the only approved new-generation BTK inhibitor in China for the first-line treatment of adult CLL/SLL and WM patients, bringing healthcare providers in China with a new standard of care for their patients."
The new approvals of BRUKINSA for CLL/SLL are supported by data from SEQUOIA (NCT03336333), in patients with previously untreated CLL/SLL.

WM Argyle Urges Broadwind’s Employee Shareholders to Vote for Change

Retrieved on:

Monday, May 1, 2023

GREEN, Bucyrus-Erie, Kohler Co., Human, Argyle, WM, Organization, Retirement, Contempt, Average cost, Growth, System, Letter, Management, Financial adviser, Security (finance)

WM Argyle urged the employee shareholders to support its nominees for the Board by returning the GREEN proxy card and to withhold their votes on the three incumbent directors - David P. Reiland, Thomas A. Wagner and Cary B.

Key Points:

WM Argyle urged the employee shareholders to support its nominees for the Board by returning the GREEN proxy card and to withhold their votes on the three incumbent directors - David P. Reiland, Thomas A. Wagner and Cary B.
The text of the letter follows below:
To the Employee Shareholders of Broadwind:
It is time for Board change at Broadwind, and you have the power to make it happen.
We value your input and your vote, and we hope that you will support our nominees in the upcoming Board election.
Sign and return the GREEN proxy card today voting for each of the Argyle nominees and let your voice be heard.

Global Recyclable Thermoset Market Report 2023: Regulations Promoting Plastic Recycling in Various Countries Fuels the Sector - ResearchAndMarkets.com

Retrieved on:

Thursday, April 27, 2023

Environment, Recycling, Plastic, Electronics, COVID-19, Wind, WM, Investment, SE, BASF, BASF SE, Growth, Dow Chemical Company, Region

The global recyclable thermoset market is projected to reach $987.9 million by 2031 from $536.8 million in 2022, growing at a CAGR of 7.01% during the forecast period 2022-2031.

Key Points:

The global recyclable thermoset market is projected to reach $987.9 million by 2031 from $536.8 million in 2022, growing at a CAGR of 7.01% during the forecast period 2022-2031.
The growth in the global recyclable thermoset market is expected to be driven by the advancement in thermoset recycling technologies globally, investments and collaboration in the plastic recycling industry, and regulations promoting plastic recycling in various countries.
However, the complex process of thermoset recycling and the lack of proper infrastructure for hard-to-recycle products are some key restraining factors for the market.
The following are the demand drivers for the global recyclable thermoset market:
The following are the challenges for the global recyclable thermoset market:

Broadwind Sends Letter to Shareholders

Retrieved on:

Wednesday, April 26, 2023

As the 2023 Annual Meeting of Stockholders approaches on May 23, 2023 (the “2023 Annual Meeting”), we urge you to vote to support Broadwind, Inc.’s (“Broadwind” or the “Company”) directors on the WHITE proxy card.

Key Points:

As the 2023 Annual Meeting of Stockholders approaches on May 23, 2023 (the “2023 Annual Meeting”), we urge you to vote to support Broadwind, Inc.’s (“Broadwind” or the “Company”) directors on the WHITE proxy card.
WM Argyle, which claims to be “one of Broadwind's largest shareholders” while only owning approximately 1% of Broadwind’s outstanding common stock, appears to have been formed specifically to disrupt Broadwind.
Over the past several years, Broadwind has taken decisive steps to drive long-term value creation for shareholders.
WM Argyle claims Broadwind must invest in the creation of intellectual property, an initiative that Broadwind has been undertaking for several years and is already showing results.

New Fisher House Dedicated at the Columbia Veterans Affairs Health Care System

Retrieved on:

Monday, April 24, 2023

Columbia, SC, April 24, 2023 (GLOBE NEWSWIRE) -- The Columbia VA Health Care System (VAHCS) dedicated a new Fisher House at the Wm.

Key Points:

Columbia, SC, April 24, 2023 (GLOBE NEWSWIRE) -- The Columbia VA Health Care System (VAHCS) dedicated a new Fisher House at the Wm.
“This new Columbia VA Fisher House is a beautiful addition to our 97‐acre campus.
The Columbia Fisher House has 16 mobility-accessible suites, a spacious kitchen, large communal living, dining and family rooms, laundry room and a shared patio.
The home was gifted to VA upon completion as part of the public‐private partnership between Fisher House Foundation and the Department of Veterans Affairs.

WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too

Retrieved on:

Friday, April 21, 2023

GREEN, History, WM, EBITDA, Cryptocurrency

MILWAUKEE, April 21, 2023 (GLOBE NEWSWIRE) -- WM Argyle Fund, LLC (“WM Argyle” or the “Fund”), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (“Broadwind” or the “Company”), today responded to Broadwind’s pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance.

Key Points:

MILWAUKEE, April 21, 2023 (GLOBE NEWSWIRE) -- WM Argyle Fund, LLC (“WM Argyle” or the “Fund”), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (“Broadwind” or the “Company”), today responded to Broadwind’s pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance.
Throughout its history, Broadwind has made a habit of producing revenue that never turns into profits.
It announced a marginal increase in its guidance for full-year revenue and adjusted EBITDA but said nothing about net income.
Shareholders should demand change and vote the GREEN proxy card to support WM Argyle’s director nominees.