Lennar Names Jim Parker Chief Operating Officer and David Grove EVP, Homebuilding

PR Newswire

MIAMI, June 5, 2026 /PRNewswire/ — Lennar Corporation (NYSE: LEN and LEN.B), one of the nation’s largest homebuilders, today announced that, effective immediately, Jim Parker has been named Chief Operating Officer and David Grove has been named Executive Vice President, Homebuilding.

Mr. Parker and Mr. Grove most recently served as Area Presidents, leading Lennar’s East and West operations, respectively. In their new roles, they will continue to report to Stuart Miller, Executive Chairman, Chief Executive Officer and President of Lennar. Mr. Parker and Mr. Grove each bring 30 years of homebuilding industry experience.

Mr. Parker joined Lennar as Regional President through its 2018 merger with CalAtlantic Homes, where he had served as Region President following the merger of Ryland Homes and Standard Pacific. Earlier in his career, he held leadership roles at John Wieland Homes and Beazer Homes, founded and sold Parker Chandler Homes — operating across Atlanta, Charlotte, and Myrtle Beach — and later served as Atlanta Division President and Area President at Ryland Homes.

Mr. Grove joined Lennar in 1999 as a Construction Area Manager in Austin and has spent his entire career with the company, advancing through roles in construction management and operations before becoming Division President in 2004. He led Lennar’s San Antonio Division for more than a decade and oversaw both the Austin and San Antonio Divisions before relocating to Dallas in 2017 as Division President of the Dallas-Fort Worth Division. He was named Regional President for Texas in 2022 before assuming his Area President role.

Stuart Miller, Lennar’s Executive Chairman, Chief Executive Officer and President, said, “Jim and David are tenured, proven Lennar leaders who are energized by the opportunity ahead. They have consistently delivered strong results for our teams and our business. More than that, they exemplify our core values — building quality homes and delivering more value to our customers, always with the highest level of integrity.”

About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar’s technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.

Contact:

Jorge Almeida
Investor Relations
Lennar Corporation
(305) 485-4129

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SOURCE Lennar Corporation

GPK Investors Have Opportunity to Lead Graphic Packaging Holding Company Securities Fraud Lawsuit

PR Newswire

NEW YORK, June 5, 2026 /PRNewswire/ — 

Rosen Law Firm Logo

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Graphic Packaging Holding Company (NYSE: GPK) between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.

So what: If you purchased Graphic Packaging securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Graphic Packaging was experiencing, inter alia, significant inventory management issues, as well as significantly reduced demand and volumes and increased costs; (2) defendants downplayed the true scope and severity of the foregoing issues, which were likely to, and did, have a material negative impact on Graphic Packaging’s business and financial results; (3) defendants likewise overstated the strength and sustainability of Graphic Packaging’s business model and operations, as well as its ability to weather ongoing macroeconomic headwinds; (4) accordingly, Graphic Packaging’s previously issued full year 2025 financial guidance was unreliable and/or unrealistic; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.

$123 Million Financing Arranged by Marcus & Millichap’s IPA Capital Markets for Bay Area Multifamily Property

$123 Million Financing Arranged by Marcus & Millichap’s IPA Capital Markets for Bay Area Multifamily Property

BURLINGAME, Calif.–(BUSINESS WIRE)–IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients,has secured $123 million in debt financing for a 268-unit luxury multifamily property in Burlingame, California.

Brian Eisendrath, Cameron Chalfant, Anita Paryani-Rice, and Jesse Zarouk of IPA Capital Markets in Los Angeles secured a five-year loan on behalf of a national multifamily owner, operator and investment firm. The loan featured an interest rate of 5.09%, a DSCR of 1.10x, and interest-only payments for the term. The financing structure also included $26 million in preferred equity from Tokyu Land US Corporation.

“Our IPA Capital Markets team was pleased to provide a cash-neutral refinance that met therefinancing goals of a long-term client,” said Paryani-Rice. “We evaluated options across debt funds, banks, and a range of other balance sheet lenders. Ultimately, the most cost-effective structure paired a life company execution with an attractively priced preferred equity piece carrying a low current pay.”

Located less than four miles from San Francisco International Airport, the property features a mix of one- to three-bedroom apartment homes with in-unit laundry, stainless steel appliances, and private patios or balconies. Community amenities include two courtyards with barbecue grills and hammocks, a fitness center, clubhouse, resort-style swimming pool, pet spa, and a coworking lounge.

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets

About Marcus & Millichap

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices at year end.

Media Contact:

Gina Relva,VP of Public Relations

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Other Professional Services Residential Building & Real Estate Commercial Building & Real Estate Construction & Property REIT

MEDIA:

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Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in May 2026 of 4.1% Compared to 2025

GUADALAJARA, Mexico, June 05, 2026 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for May 2026, compared with May 2025.

During May 2026, the 12 Mexican airports operated by GAP recorded a 2.8% decrease in total passenger traffic compared to May 2025. Guadalajara airport reported an increase of 7.1%, while Puerto Vallarta, Tijuana and Los Cabos reported a decrease of 14.4%, 9.8%, and 6.0%, respectively, compared to May 2025. With respect to GAP’s airports in Jamaica, Montego Bay recorded a decrease of 19.1%, while Montego Bay recorded a decrease of 5.2%.

Domestic Terminal Passengers (in thousands):      
       
Airport May-25 May-26 % Change Jan – May 25 Jan – May 26 % Change
Guadalajara 1,023.4 1,085.9 6.1% 5,112.0 5,187.7 1.5%
Tijuana* 730.5 664.5 (9.0%) 3,536.6 3,304.7 (6.6%)
Los Cabos 245.0 247.0 0.8% 1,168.5 1,116.2 (4.5%)
Puerto Vallarta 278.2 266.7 (4.1%) 1,210.2 1,166.5 (3.6%)
Montego Bay 0.0 0.0 N/A 0.0 0.0 N/A
Guanajuato 194.1 181.3 (6.6%) 903.7 871.3 (3.6%)
Hermosillo 184.5 179.1 (2.9%) 877.6 825.7 (5.9%)
Kingston 0.0 0.1 140.0% 0.1 0.8 489.7%
Morelia 59.4 55.6 (6.3%) 305.6 306.9 0.4%
La Paz 107.0 122.0 14.0% 499.4 559.1 11.9%
Mexicali 103.6 86.9 (16.1%) 501.8 437.1 (12.9%)
Aguascalientes 60.7 53.6 (11.6%) 265.8 247.7 (6.8%)
Los Mochis 58.1 61.5 5.8% 289.6 285.5 (1.4%)
Manzanillo 10.3 10.0 (2.4%) 55.8 52.8 (5.3%)
Total 3,054.6 3,014.2 (1.3
%)
14,726.7 14,361.9 (2.5
%)

International Terminal Passengers (in thousands):      
       
Airport May-25 May-26 % Change Jan – May 25 Jan – May 26 % Change
Guadalajara 457.5 499.9 9.3% 2,417.4 2,459.2 1.7%
Tijuana* 336.6 297.9 (11.5%) 1,702.5 1,508.3 (11.4%)
Los Cabos 367.3 328.8 (10.5%) 2,193.2 2,101.6 (4.2%)
Puerto Vallarta 236.1 173.5 (26.5%) 2,084.3 1,740.0 (16.5%)
Montego Bay 395.4 320.1 (19.1%) 2,164.8 1,573.0 (27.3%)
Guanajuato 80.3 71.9 (10.4%) 427.7 402.0 (6.0%)
Hermosillo 6.7 7.7 14.7% 33.7 36.6 8.5%
Kingston 146.3 138.7 (5.2%) 729.3 699.2 (4.1%)
Morelia 49.7 62.6 25.9% 279.9 343.3 22.7%
La Paz 3.1 4.7 51.9% 14.8 21.9 48.2%
Mexicali 0.5 0.7 29.5% 2.9 3.0 5.7%
Aguascalientes 28.7 29.0 0.9% 129.8 135.7 4.6%
Los Mochis 0.7 0.7 6.4% 3.2 3.3 1.9%
Manzanillo 5.1 4.7 (6.3%) 58.7 49.3 (16.1%)
Total 2,113.9 1,940.9 (8.2
%)
12,242.2 11,076.4 (9.5
%)

Total Terminal Passengers (in thousands):        
         
Airport May-25 May-26 % Change Jan – May 25 Jan – May 26 % Change
Guadalajara 1,480.8 1,585.8 7.1% 7,529.4 7,646.9 1.6%
Tijuana* 1,067.1 962.4 (9.8%) 5,239.2 4,813.0 (8.1%)
Los Cabos 612.3 575.8 (6.0%) 3,361.7 3,217.8 (4.3%)
Puerto Vallarta 514.3 440.2 (14.4%) 3,294.5 2,906.5 (11.8%)
Montego Bay 395.4 320.1 (19.1%) 2,164.8 1,573.0 (27.3%)
Guanajuato 274.4 253.3 (7.7%) 1,331.4 1,273.3 (4.4%)
Hermosillo 191.2 186.8 (2.3%) 911.3 862.3 (5.4%)
Kingston 146.4 138.8 (5.2%) 729.5 700.0 (4.0%)
Morelia 109.0 118.2 8.4% 585.5 650.2 11.0%
La Paz 110.1 126.8 15.1% 514.2 581.0 13.0%
Mexicali 104.1 87.6 (15.9%) 504.6 440.2 (12.8%)
Aguascalientes 89.3 82.6 (7.6%) 395.6 383.4 (3.1%)
Los Mochis 58.7 62.1 5.9% 292.8 288.8 (1.4%)
Manzanillo 15.4 14.8 (3.7%) 114.5 102.1 (10.9%)
Total 5,168.5 4,955.2 (4.1
%)
26,968.8 25,438.4 (5.7
%)


*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX users (in thousands):          
           
Airport May-25 May-26 % Change Jan – May 25 Jan – May 26 % Change
Tijuana 329.8 293.5 (11.0%) 1,673.0 1,489.2 (11.0%)
             

Highlights for the month:

  • Seats and load factors

    The seats available during May 2026 decreased by 7.5%, compared to May 2025. The load factors for the month went from 81.1% in May 2025 to 84.1% in May 2026.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.  
   

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Alejandra Soto, Investor Relations and Social Responsibility Officer

Gisela Murillo, Investor Relations

[email protected]

[email protected]
+52 33 3880 1100 ext. 20294

   



Stoneport Advisors Commodity Long Short ETF (SCLS) to Close

NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) — Tidal Financial Group and Stoneport Advisors announce the planned closure and liquidation of the Stoneport Advisors Commodity Long Short ETF (Nasdaq: SCLS) (the “Fund”).

Shares of the Fund are expected to be delisted from Nasdaq at the close of regular trading on Tuesday, June 16, 2026 (the “Closing Date”). Shareholders may sell their shares in the secondary market prior to the Closing Date through their brokerage account, which may incur customary brokerage charges.

After the Closing Date, shares will no longer be listed for trading on Nasdaq and there can be no assurance that an active trading market for shares will exist.

Between the Closing Date and Thursday, June 18, 2026 (the “Liquidation Date”), the Fund will liquidate its portfolio holdings and increase its cash and cash equivalents. As a result, the Fund’s portfolio holdings may deviate from its stated investment objective and strategy during this period.

About Tidal Financial Group

Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and effectively launch ETFs and optimize growth potential in a highly competitive space. For more information, visit https://www.tidalfinancialgroup.com/.



Contact [email protected] for more information.

Quantinuum Announces Closing of Upsized Initial Public Offering

PR Newswire

BROOMFIELD, Colo., June 5, 2026 /PRNewswire/ — Quantinuum Inc. (Nasdaq: QNT) (“Quantinuum”) today announced the closing of its upsized initial public offering of 28,000,000 shares of its Class A common stock at an initial public offering price of $60.00 per share. All of the shares were offered by Quantinuum. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. Quantinuum’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “QNT.”

J.P. Morgan and Morgan Stanley (in alphabetical order) acted as joint lead active book-running managers for the offering; Jefferies and Evercore ISI also acted as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen acted as joint-book running managers; and Craig-Hallum and Rosenblatt acted as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on June 3, 2026. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering is being made available only by means of a prospectus. Copies of the prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] and [email protected]; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at [email protected]; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at [email protected]; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.

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SOURCE Quantinuum

Anika Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

BEDFORD, Mass., June 05, 2026 (GLOBE NEWSWIRE) — Anika Therapeutics, Inc. (NASDAQ: ANIK), a global leader in the osteoarthritis pain management and regenerative solutions spaces focused on early intervention orthopedics, today announced that on June 1, 2026, Anika granted restricted stock units (“RSUs”) covering an aggregate of 3,360 shares of common stock to one newly hired non-executive employee. The grant was made pursuant to the Anika Therapeutics, Inc. 2021 Inducement Plan, as amended, was approved by the compensation committee of the board of directors pursuant to a delegation of authority by the board of directors, and, in accordance with Nasdaq Listing Rule 5635(c)(4), was made as a material inducement to the grantee’s acceptance of employment with Anika as a component of the grantee’s employment compensation.

The RSUs will vest in three equal installments on each of the first three anniversaries of the grant date, in each case for so long as the grantee provides continuous service to Anika through the relevant vesting date.

The RSUs are subject to the terms and conditions of the equity award agreement approved by Anika. The RSUs were granted pursuant to the Anika Therapeutics, Inc. 2021 Inducement Plan, as amended, which was not subject to stockholder approval.

About Anika


Anika Therapeutics, Inc.
 (NASDAQ: ANIK), is the global leader in the design, development, manufacturing, and commercialization of hyaluronic acid innovations. In partnership with clinicians, our sole focus is dedicated to delivering and advancing osteoarthritis pain management and orthopedic regenerative solutions. At our core is a passion to deliver a differentiated portfolio that improves patient outcomes around the world. Anika’s global operations are headquartered outside of Boston, Massachusetts. For more information about Anika, please visit www.anika.com.

For Investor Inquiries:

Anika Therapeutics, Inc.
Matt Hall, 781-457-9554
Director, Corporate Development and Investor Relations
[email protected]



BCB Bancorp, Inc. Announces Inc. Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

BAYONNE, N.J., June 05, 2026 (GLOBE NEWSWIRE) — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today announced that, as previously reported on its Form 8-K filed on June 1, 2026, effective as of the close of trading on June 5, 2026, the Company granted 709,220 shares of restricted common stock, in accordance with Nasdaq Listing Rule 5635(c)(4), to Thomas M. O’Brien as an inducement material to Mr. O’Brien entering into an employment agreement with the Company and commencing employment as its Chief Executive Officer and President. Twenty percent of the shares of restricted stock will vest on each of December 31, 2026, December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030, subject to Mr. O’Brien’s continued service with the Bank through each such vesting date, except that in certain circumstances described in the award, the restricted stock will vest in full.

About BCB Bancorp, Inc.

Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has twenty-three branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.

Contact: Ryan Blake,
EVP, COO
Jawad Chaudhry
EVP and CFO
(800) 680-6872
   



Caliber Announces CFO Transition

SCOTTSDALE, Ariz., June 05, 2026 (GLOBE NEWSWIRE) — Caliber (Nasdaq: CWD), a diversified real estate and digital asset management platform, today announced that Jade Leung will step down as Chief Financial Officer to pursue a new opportunity, capping an eleven-year tenure during which he built Caliber’s finance organization and helped lead the Company through its initial public offering. Mr. Leung will support an orderly transition. The change is not the result of any disagreement with the Company on any matter relating to its operations, accounting policies, practices, or financial reporting. Caliber reaffirms the full-year 2026 guidance issued on its first quarter 2026 earnings call, and the transition does not affect the Company’s strategy or financial outlook.

Caliber also announced the appointment of Michael Rosales as Acting Chief Financial Officer, effective June 14th, 2026. Having overseen the Company’s accounting, financial reporting, and tax functions for several years, Mr. Rosales brings extensive knowledge of Caliber’s financial operations and is well positioned to ensure continuity during the transition. Mr. Rosales joined Caliber in October 2020 and has advanced through a series of leadership roles of increasing responsibility, including Director of Financial Reporting & Technical Accounting, Corporate Controller, and most recently Senior Vice President of Accounting, Financial Reporting & Tax, a position he has held since April 2025. Prior to joining Caliber, Mr. Rosales spent 16 years in public accounting, serving in audit and assurance roles of increasing responsibility, including Senior Manager at Grant Thornton. He also held positions at PwC and Deloitte. Mr. Rosales is a Certified Public Accountant and earned a Bachelor of Science in Accounting from Arizona State University.

“Jade has been a trusted partner and a steady leader during Caliber’s evolution from a private company, through our IPO, to the public company we are today. He built our finance team and our reporting foundation which is poised to continue to execute well. On behalf of the Board and the entire team, I thank Jade for almost eleven years of dedicated service and wish him every success in his next chapter,” said Chris Loeffler, CEO of Caliber. “Michael has been instrumental to our accounting and reporting for years, and I have full confidence in him as Acting CFO. Caliber’s Board and I are taking a disciplined approach to identifying the right finance leader for Caliber’s next phase of growth.”

The Caliber Board of Directors has commenced a search for a permanent Chief Financial Officer to lead the next phase of the Company’s growth. Caliber is seeking a finance leader with depth in capital formation and fundraising, real estate fund and project finance, public-company finance, and the execution of Caliber’s digital asset and tokenization strategy. This profile aligns directly with Caliber’s expansion toward a real and digital asset platform and market leader in tokenization of real estate funds. The Board intends to conduct a thoughtful and disciplined search and will consider both internal and external candidates.

About Caliber (CaliberCos Inc.)
Caliber (Nasdaq: CWD) is a real estate-focused alternative asset manager with over $2.6 billion in Managed Assets and a 17-year track record investing in middle-market hospitality and multifamily real estate. The Company operates an institutional-quality asset management platform paired with a boutique, hands-on investment approach focused on value creation in underserved market segments. In 2025, Caliber integrated digital asset infrastructure into its platform by investing in LINK, the token underlying Chainlink, a key technology enabling real estate fund tokenization, and is implementing blockchain and tokenization strategies across its investment platform to enhance how assets are financed, owned, and accessed. Investors can participate in Caliber through its publicly traded equity (Nasdaq: CWD), which provides exposure to both its real estate platform and digital asset holdings, and through its private real estate investment funds for accredited investors and financial professionals.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
[email protected]



Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells Fargo

Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells Fargo

All figures presented herein are in Canadian dollars, unless indicated otherwise.

MONTREAL–(BUSINESS WIRE)–
Birks Group Inc. (“Birks Group” or the “Company”) (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility (“Term Loan”) with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group (“Gordon Brothers”) and the designated administrative agent under the facility. The new Term Loan, which matures in June 2031, refinances the Company’s existing $26 million senior secured term loan credit facility which has been repaid in full. Contemporaneously with the closing of the Term Loan with Gordon Brothers, the Company entered into an amendment and extension of its senior secured revolving credit facility (“Revolver Facility”) with Wells Fargo Canada Corporation (“Wells Fargo”), extending the maturity date until June 2031 and providing for total commitments of $93 million, an increase of $3 million.The new and amended financing provides the Company with increased liquidity, enhanced financial flexibility and extended debt maturities, while continuing to support the execution of its strategic initiatives, including investments in store renovations, omni-channel capabilities, digital commerce initiatives and working capital requirements.

The $32.5 million Term Loan, decreasing to $30.0 million in December 2027, bears interest at a rate equal to Term CORRA (with an interest rate floor), plus a range from 6.75% to 7.75%, based on the Company’s fixed charge coverage ratio throughout the term of the Term Loan. The Revolver Facility bears interest at a rate equal to Term CORRA or SOFR, as applicable, plus a range from 2.00% to 2.5% or 1.625% to 2.125% for drawings in U.S. dollars, based on the borrowing capacity of the Company throughout the term of the Revolver Facility.

Concurrently with the closing of the new and amended facilities, the Company and Mangrove Holding S.A. (“Mangrove”), one of the Company’s controlling shareholders, have signed an amendment to the existing $3.75 million loan agreement entered into in July 2025 extending the maturity date until June 2031 (“Mangrove Loan”). Going forward, the Mangrove Loan will bear interest at a rate of 12.2% effective August 1, 2026, and will be repaid through annual principal payments of $250,000 over a period of three years, commencing in June 2028, with a final repayment of $3.0 million within a period of thirty (30) days prior to the June 2031 maturity date.

Niccolò Rossi di Montelera, Executive Chairman of the Board & Interim Chief Executive Officer of Birks Group, commented: “We are pleased to complete the refinancing of our term loan with Gordon Brothers and an extension of our revolver with Wells Fargo. These new five-year credit facilities extend our debt maturities and provide us with increased financial flexibility as we continue to implement development strategies to generate sales growth and focus on driving profitable growth.”

“We are proud to support Birks Group, one of Canada’s most iconic luxury brands,” said Chad Simon, Senior Managing Director, Transactions at Gordon Brothers. “Our deep expertise in the luxury retail sector and long-standing relationship with the Company allowed us to provide a financing solution that delivers unmatched liquidity and flexibility to support Birks Group’s operations and long-term growth.”

Peter Foley, Director at Well Fargo Capital Finance commented, “We are pleased to have renewed our ABL financing with Birks Group for an additional five-year term. Our financing is designed to maintain the financial flexibility that the Company needs to pursue its growth strategy.”

About Birks Group Inc.

Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company currently operates 32 store locations, including: 17 store locations under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Patek Philippe brand, one retail location in Vancouver under the Chaumet brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, one retail location in Toronto under the Omega brand, one retail location in Toronto under the Montblanc brand, and four retail locations in the Greater Toronto Area under the European Boutique brand. Birks was founded in 1879 and has become Canada’s premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks’ website, www.birksgroup.com.

About Gordon Brothers

Founded in 1903, Gordon Brothers delivers integrated solutions through its asset advisory services, lending and financing, and trading. With deep expertise in brands, industrial, retail and real estate, Gordon Brothers is the original global asset expert, working across business growth stages to deliver liquidity, create security, enable growth and maximize asset value. Gordon Brothers is headquartered in Boston with more than 30 offices across North America, Europe, the Middle East, Africa and Asia Pacific.

Forward Looking Statements

This press release contains forward-looking statements regarding, among other things, the use of proceeds of the Term Loan and Revolver Facility. Forward looking statements can be identified, for example, by their use of words such as: “plans,” “expects,” “believes,” “will,” “anticipates,” “intends,” “projects,” “estimates,” “could,” “would,” “may,” “planned,” “goal,” and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, availability under our Term Loan and Revolver Facility, anticipated distribution of profits, and our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.

Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward-looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company’s ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange, (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company’s business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, and the impact on store traffic, tourism and sales, as well as the recently imposed tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs and their related impact on the Company’s costs and expenses; (v) the Company’s ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, to maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company’s merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company’s plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in new prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company’s ability to execute its strategic vision; (viii) the Company’s ability to invest in and finance capital expenditures; and (ix) the Company’s ability to continue as a going concern.

Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions “Risk Factors” and “Operating and Financial Review and Prospects” and elsewhere in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025 and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

Company Contact:

Aldo Battista

Vice President and Chief Financial Officer

(514) 397-2592

For all press and media inquiries, please contact:

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Retail Luxury Jewelry

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