Market Newsdesk

April 17, 2025 12:34 pm

Toll Brothers Announces Parkside West Now Selling in Milpitas, California

MILPITAS, Calif., April 17, 2025 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, announced the opening of Parkside West, an intimate enclave of new townhome-style condos in Milpitas, California. The community offers an ideal low-maintenance lifestyle and luxury homes with an array of modern features and generous open living spaces. The model homes are currently under construction and home shoppers are encouraged to take advantage of pre-model pricing at the Toll Brothers Sales Center now open at 675 Trade Zone Blvd. in Milpitas.

Parkside West is conveniently located within walking distance to the Milpitas Bay Area Rapid Transit (BART) Station, Valley Transportation Authority (VTA) Light Rail, and a future neighborhood park, with major freeways 680, 880, and 237 only a short drive away. World-class shopping and dining at Santana Row and Valley Fair Mall, regional parks and open space, and multiple distinguished schools are all within reach.

“Parkside West offers contemporary architecture featuring several impeccably designed floor plans with personalized designer finishes and private two-car garages,” said Alli Sweeney, Division President of Toll Brothers in Northern California. “Parkside West’s elegance is matched only by its convenience. This community is perfect for those seeking a luxurious lifestyle in the heart of Milpitas.”

Residents of Parkside West will benefit from the community’s prime location, which offers easy access to major employers in Silicon Valley. The community is also within the Berryessa Union School District and East Side Union High School District, and close to highly rated private schools such as Stratford School and Challenger School. For those who travel frequently, the community is a short drive to San Jose Mineta International Airport and is within walking distance to the VTA Light Rail and Milpitas BART Station with service directly to Oakland International Airport and San Francisco International Airport.

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

Homes within Parkside West are priced from $1.25 million. For more information on Parkside West, home shoppers are invited to call 844-790-5263 or visit TollBrothers.com/NorCal.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine’s World’s Most Admired Companies™ for 10+ years in a row, and in 2024 the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/216bf090-9cfd-48b8-a0e6-f6f6c0399cf9

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

April 17, 2025 12:25 pm

PPG highlights 2024 performance during annual meeting of shareholders

PPG highlights 2024 performance during annual meeting of shareholders

PITTSBURGH–(BUSINESS WIRE)–
PPG (NYSE:PPG) today held its annual meeting of shareholders where Tim Knavish, PPG chairman and chief executive officer, highlighted the company’s 2024 performance.

PPG achieved full-year 2024 net sales from continuing operations of $15.8 billion, and adjusted EPS increased 6%, supported by PPG’s strong portfolio and driven by sales of PPG’s technology-advantaged products and strong brands. The company delivered record results in several businesses in 2024, including aerospace coatings, automotive refinish coatings, and architectural coatings Latin America.

“I want to thank PPG’s approximately 45,000 employees throughout the world who are dedicated to being a trusted partner for customers, delivering value for shareholders, supporting the communities where we operate and delivering on our purpose — to protect and beautify the world,” said Knavish. “In 2024, we further strengthened our focus by divesting both our silicas products and our architectural coatings U.S. and Canada businesses. As a result, PPG is a sharper, more growth-oriented company. The success of the team’s work throughout the year enabled PPG to continue to reward our shareholders by returning a total of $1.4 billion to them.”

In 2024, PPG paid approximately $620 million in dividends and repurchased $750 million of stock, which represented approximately 3% of outstanding shares. PPG has raised its annual dividend payout for 53 consecutive years and has paid uninterrupted annual dividends for 125 years.

The meeting highlighted additional 2024 achievements, including:

accelerated PPG’s digital transformation by offering customers new innovations to help improve their productivity.
delivered sustainably advantaged solutions meeting the demand from customers to improve their productivity and reduce overall value chain impacts. These products comprised 41% of PPG’s total sales in 2024.
invested $18.4 million worldwide in 2024, supporting more than 400 community partners and programs that are focused on advancing education and delivering community support, while encouraging PPG employee volunteerism.

Looking ahead, Knavish said: “We expect to deliver organic sales growth for the full year based on stronger results in the second half of 2025 and the launch of recently won share gains. Our balance sheet remains strong, which continues to provide us with financial flexibility, and we remain committed to driving shareholder value creation.”

Pursuant to PPG’s amended articles of incorporation, all directors will now be elected annually beginning at PPG’s 2025 Annual Meeting. Shareholders re-elected directors:

Kathy L. Fortmann, Chief Executive Officer, Amyris, Inc.
Melanie L. Healey, Former Group President, North America, The Procter & Gamble Company
Gary R. Heminger, Retired Chairman of the Board and Chief Executive Officer, Marathon Petroleum Corporation
Tim M. Knavish, Chairman and Chief Executive Officer, PPG
Michael W. Lamach, retired Executive Chair and Chief Executive Officer, Trane Technologies plc;
Kathleen A. Ligocki, Former Chief Executive Officer, Agility Fuel Solutions, LLC
Michael T. Nally, CEO, Generate Biomedicines, Inc. and CEO-Partner, Flagship Pioneering
Guillermo Novo, Chairman and Chief Executive Officer, Ashland Inc.
Christopher N. Roberts III, Senior Vice President, Global SH&E, Ecolab Inc.
Catherine R. Smith, Executive Vice President and Chief Financial Officer, Starbucks Corporation

Director Martin Richenhagen retired from the Board of Directors at the 2025 Annual Meeting. The company thanks Mr. Richenhagen for his 17 years of dedicated service to PPG.

Shareholders also approved the compensation of the named executive officers and ratified PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2025. Shareholders voted against a shareholder proposal requesting that the Board seek shareholder approval of any named executive officer’s new or renewed pay package that provides for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive’s base salary plus target short-term bonus.

To learn more about PPG’s progress in 2024, visit annualreport.ppg.com/

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20250416678023/en/

PPG Media Contact:

Mark Silvey

Corporate Communications

[email protected]

PPG Investor Contact:

Alex Lopez

Investor Relations

+1 412 434 3466

[email protected]

investor.ppg.com

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Other Manufacturing Commercial Building & Real Estate Construction & Property Chemicals/Plastics Specialty Interior Design Manufacturing Other Construction & Property Retail Residential Building & Real Estate

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April 17, 2025 12:21 pm

New Toll Brothers Luxury Home Community Now Open for Sale in Cumming, Georgia

Westover offers elegant single-family homes in a sought-after Forsyth County location

CUMMING, Ga., April 17, 2025 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is pleased to announce Westover, its newest Atlanta-area community, is now open for sale in Cumming, Georgia. Nestled in the heart of Forsyth County, Westover is an enclave of spacious single-family homes with upscale finishes located at 4770 Watson Road in Cumming.

Westover features an impressive selection of luxury home designs with open-concept floor plans, expansive great rooms, gourmet kitchens with oversized islands, and private primary bedroom suites. Homes offer 5 bedrooms, 3 to 5 baths, and up to 3,800+ square feet, with options for personalization through the Toll Brothers Design Studio. Pricing starts in the upper $800,000s.

“Westover is designed to meet the needs of today’s luxury home shoppers with thoughtfully crafted homes on expansive home sites,” said Eric White, Division President of Toll Brothers in Atlanta. “This community offers the perfect combination of modern luxury and convenience in a prime Forsyth County location.”

Residents of Westover will enjoy the perfect convergence of tranquility and accessibility. The community is located just minutes from Georgia State Route 400, providing easy access to shopping, dining, and entertainment at nearby destinations including Halcyon and The Collection at Forsyth. Outdoor enthusiasts will appreciate the proximity to Lake Lanier, Sawnee Mountain Preserve, and Big Creek Greenway for recreation and leisure activities. Westover is also located within the highly acclaimed Forsyth County School District, making it an excellent choice for families seeking access to top-rated schools.

For more information on Westover and other Toll Brothers communities throughout Georgia, call (888) 686-5542 or visit TollBrothers.com/Georgia.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/4188c96c-b5ee-49a5-99d8-abe3a4398ebf

https://www.globenewswire.com/NewsRoom/AttachmentNg/f41177ed-38e2-4791-894c-15dd2355b90d

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

April 17, 2025 12:18 pm

Bakkt Holdings, Inc. (BKKT) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire

LOS ANGELES
, April 17, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT).

IF YOU SUFFERED A LOSS ON YOUR BAKKT INVESTMENTS, CLICK HERE
BEFORE JUNE 2, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?

The complaint filed alleges that, between March 25, 2024 and March 17, 2025, Defendants: (1) misrepresented the stability and/or diversity of its crypto services revenue; (2) failed to disclose Bakkt’s Crypto services revenue was substantially dependent on a single contract with Webull; (3) misrepresented its ability to maintain key client relationships. As a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

Contact Us:

Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bakkt-holdings-inc-bkkt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302431244.html

SOURCE Glancy Prongay & Murray LLP

April 17, 2025 12:15 pm

Constellation Brands, Inc. (STZ) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire

LOS ANGELES
, April 17, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Constellation Brands, Inc. (“Constellation” or the “Company”) (NYSE: STZ).

IF YOU SUFFERED A LOSS ON YOUR CONSTELLATION INVESTMENTS, CLICK HERE
BEFORE APRIL 21, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?

The complaint filed alleges that, between April 11, 2024 to January 8, 2025, Defendants failed to disclose to investors that: (1) the Company had failed to improve mix, inventory and sales execution and investments made in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners had not been as effective as they claimed; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.

Charles Linehan, Esq.,

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]

Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

Contact Us:

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles, CA 90067

Charles Linehan

Email: [email protected]

Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/constellation-brands-inc-stz-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302431101.html

SOURCE Glancy Prongay & Murray LLP

April 17, 2025 12:11 pm

Everus Construction Group, Inc. (ECG) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire

LOS ANGELES
, April 17, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Everus Construction Group, Inc. (“Everus” or the “Company”) (NYSE: ECG).

IF YOU SUFFERED A LOSS ON YOUR EVERUS INVESTMENTS, CLICK HERE
BEFORE JUNE 3, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?

The complaint filed alleges that, between October 31, 2024 and February 11, 2025, Defendants failed to disclose to investors that: (1) the Company’s backlog conversion cycle had become elongated due to larger, more complex projects; (2) as a result, the Company’s revenue recognition would be delayed; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/everus-construction-group-inc-ecg-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302431091.html

SOURCE Glancy Prongay & Murray LLP

April 17, 2025 12:09 pm

Solaris Energy Infrastructure, Inc. (SEI) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire

LOS ANGELES
, April 17, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI).

IF YOU SUFFERED A LOSS ON YOUR SOLARIS INVESTMENTS, CLICK HERE
BEFORE MAY 27, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?

The complaint filed alleges that, between July 9, 2024 and March 17, 2025, Defendants failed to disclose to investors that: (1) MER had little to no corporate history in the mobile turbine leasing space; (2) MER did not have a diversified earnings stream; (3) MER’s co-owner was a convicted felon associated with multiple allegations of turbine-related fraud; (4) as a result, Solaris overstated the commercial prospects posed by the Acquisition; (5) Solaris inflated profitability metrics by failing to properly depreciate its turbines; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/solaris-energy-infrastructure-inc-sei-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302431097.html

SOURCE Glancy Prongay & Murray LLP

April 17, 2025 12:07 pm

Ford Motor Company Announces Details for Q1 2025 Earnings Conference Call

Ford Motor Company Announces Details for Q1 2025 Earnings Conference Call

DEARBORN, Mich.–(BUSINESS WIRE)–
Ford Motor Company and Ford Motor Credit Company will release first-quarter 2025 financial results at 4:05 p.m. ET on Monday, May 5.

At 5:00 p.m. ET the same day, Jim Farley, president and chief executive officer; Sherry House, chief financial officer; and other members of the Ford senior management team will host a conference call to discuss the results and the company’s progress in delivering its ambitious Ford+ plan for growth and value creation. Representatives of the investment community will be able to ask questions during the call.

The presentation and supporting material will be available at www.shareholder.ford.com.

Ford Earnings Webcast–Monday, May 5, at 5 p.m. ET

Registration beforehand is strongly recommended to expedite access to the call

Webcast: https://ford-motor-company-q1-2025-earnings-call.open-exchange.net/

Replay – Available after 8 p.m. ET Monday, May 5 through Monday, May 12

Webcast: https://ford-motor-company-q1-2025-earnings-call.open-exchange.net/

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 171,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250417764748/en/

Media

Ian Thibodeau

1.313.268.6056

[email protected]

Equity Investment Community

Lynn Antipas Tyson

1.914.485.1150

[email protected]

Fixed Income

Investment Community

Jessica Vila-Goulding

1.313.248.3896

[email protected]

Shareholder Inquiries

1.800.555.5259 or 1.313.845.8540

[email protected]

KEYWORDS: United States North America Michigan

INDUSTRY KEYWORDS: Automotive Manufacturing Manufacturing Other Automotive General Automotive Automotive

MEDIA:

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April 17, 2025 12:04 pm

Lisa Detanna Named to Forbes/SHOOK Top Wealth Advisors Ranking

Lisa Detanna Named to Forbes/SHOOK Top Wealth Advisors Ranking

Lisa Detanna Recognized in Forbes 2025 Top 250 Wealth Advisors

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–
Lisa Detanna, Managing Director and Private Wealth Advisor of Global Wealth Solutions Group of Raymond James, located at 9595 Wilshire Blvd., Suite 801, Beverly Hills, CA 90212, has been honored in Forbes 2025 America’s List of America’s Top Wealth Advisors. SHOOK Research, in collaboration with Forbes, released the list on April 8^th, recognizing wealth advisors who meet the established selection criteria.

Forbes, in collaboration with SHOOK Research, evaluates wealth advisors nationwide based on a comprehensive set of criteria, including industry experience, revenue trends, assets under management, compliance records, and best practices in client service. The 2025 rankings reflect data from June 30, 2023 to June 30, 2024.

“This award recognizes our dedication to clients and families,” said Andy Waldbaum, Complex Manager at Raymond James. “Lisa and the team share this honor, working together to focus on one thing: what’s best for the client and their families. We’re extremely proud and grateful to Lisa for her leadership, and to every GWSG team member for their commitment to the values that have driven our decisions for more than 30 years.”

Detanna, who joined Raymond James in 2011, has over 30 years of experience in the financial services industry. She has established herself as a knowledgeable guide for family offices, multigenerational families, and high-net-worth clients. She is passionate about getting to the heart of what clients find meaningful and works tirelessly to facilitate often-challenging family conversations around inheritance, estate planning, and financial education, striving for a deeper level of harmony and clarity.

“Working with Lisa and the Global Wealth Solutions Group of Raymond James team has been an incredible journey,” said Erik Willanger, First Vice President. “Our commitment to clients and their families drives us every day. Lisa’s leadership inspires us to uphold the values that have guided us for over 30 years. Together, we strive to make a positive impact and ensure the best outcomes for those we serve.”

Congratulations Lisa and the Global Wealth Solutions Group of Raymond James!

To reach Detanna or the advisors at the Global Wealth Solutions, more information can be found at https://www.globalwealthsolutionsgroup.com/ or by calling 310-285-4506.

The Forbes America’s Top Wealth Advisors 2025 ranking, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and qualitative data. This ranking is based upon the period from 06/30/2023 to 06/30/2024 and was released on 04/08/2025. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 48,944 nominations, 250 advisors received the award. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of individual clients” experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Compensation provided for using the rating. Raymond James is not affiliated with Forbes or SHOOK Research, LLC. Please visit https://www.forbes.com/lists/top-wealth-advisors/ for more info.

About Raymond James

Raymond James Financial, Inc. (NYSE: RJF), is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,600 financial advisors. Total client assets are $1.13 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com.

Private Wealth Advisor is a designation awarded by Raymond James to financial advisors who have demonstrated mastery in anticipating and managing the expansive financial needs of high-net-worth individuals, families and organizations

View source version on businesswire.com: https://www.businesswire.com/news/home/20250417410247/en/

Media contact: Tara Detanna-Rogers, [email protected]

Globalwealthsolutionsgroup.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Finance Consulting Banking Professional Services Asset Management

MEDIA:

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April 17, 2025 12:01 pm

Shore Bancshares, Inc. Announces Appointment of Charles Cullum as Executive Vice President and Chief Financial Officer Following the Previously Announced Retirement of Chief Financial Officer

PR Newswire

EASTON, Md.
, April 17, 2025 /PRNewswire/ — Shore Bancshares, Inc. (NASDAQ – SHBI) announced the appointment of Charles Cullum as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of April 21, 2025. Todd L. Capitani, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through August 15, 2025 and will work closely with Mr. Cullum during the transition period.

Mr. Cullum brings more than 20 years of financial experience, most recently having served as Chief Financial Officer at Sandy Spring Bancorp since May 2024. Prior to his appointment as Chief Financial Officer, Mr. Cullum served in various roles at Sandy Spring including Deputy Chief Financial Officer, Financial Division Executive and Treasurer, as well as other finance positions.

“We are excited to welcome Charlie to our executive management team,” said James M. Burke, President and Chief Executive Officer. “Charlie brings a wealth of experience and a proven track record of financial leadership that will be invaluable as we continue to drive our company’s growth and innovation. His strategic insights and commitment to excellence align with our vision for the future. Charlie will be a tremendous asset to our team, and we look forward to achieving new milestones together.”

“I am honored and excited to join Shore Bancshares, Inc. as the Chief Financial Officer,” said Mr. Cullum. “This is a remarkable opportunity to contribute to a company that is known for its innovation and excellence. I look forward to collaborating with the talented team here to drive financial strategies that support our ambitious goals and vision for the future. Together, we will build on the strong foundation that has been established and continue to achieve outstanding results.”

“We also wish to extend our deepest gratitude and appreciation to Todd Capitani for his exceptional service, remarkable leadership, and dedication,” Mr. Burke continued. “Todd’s contributions as Chief Financial Officer have left a lasting mark on our Company. We wish him the best in his well-earned retirement and future endeavors.”

Mr. Capitani said, “It has been an incredible journey serving as the Chief Financial Officer of Shore since July 2023, and before Shore’s merger with The Community Financial Corporation, as CFO of Community Financial since 2009.” “I have truly valued the experience and the opportunity that I have had over the last 15 years to work with Jimmy Burke and alongside a talented and dedicated team. The camaraderie and support from the team and the positive culture we created during my tenure were both rewarding and memorable. As I enter a new stage in my life, I am filled with gratitude to my team, the management team and the board of directors and I am very proud of what we have achieved together. I look forward to helping with the transition and watching the Company’s continued success and growth in the years to come.”

Shore Bancshares Information

Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the parent company of Shore United Bank, N.A. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. Additional information is available at www.shorebancshares.com.

Forward-Looking Statements

The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the effect of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; changes in general economic, political, or industry conditions; geopolitical concerns, including the ongoing war in Ukraine and the conflict in the Middle East; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation/deflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; the impacts of tariffs, sanctions and other trade policies of the United States and its global counterparts; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; changes in our executive management team; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; the impact of governmental efforts to restructure or adjust the U.S. financial regulatory system; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; the impact of recent or future changes in FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount, including any special assessments; cybersecurity threats and the cost of defending against them, including the costs of compliance with potential legislation to combat cybersecurity at a state, national, or global level; the Company’s ability to remediate the existing material weaknesses identified in its internal control over financial reporting; the effectiveness of the Company’s internal control over financial reporting and disclosure controls and procedures; climate change, including any enhanced regulatory, compliance, credit and reputational risks and costs; and other factors that may affect our future results. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s 2024 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and available at the SEC’s Internet site (https://www.sec.gov).

The Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

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SOURCE Shore Bancshares, Inc.