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SUPERIOR GROUP OF COMPANIES ANNOUNCES RETIREMENT OF ANDREW D. DEMOTT, JR., CHIEF OPERATING OFFICER; WILL REMAIN ON BOARD OF DIRECTORS

SEMINOLE, Fla., Feb. 09, 2023 (GLOBE NEWSWIRE) — Superior Group of Companies, Inc. (NASDAQ: SGC) today announced that Andrew D. Demott, Jr., Chief Operating Officer of the Company, will retire as an employee effective March 31, 2023. SGC previously announced that Mr. Demott would retire at a to-be-determined date in 2023 once he had completed the transition of his chief financial officer responsibilities to our new, and current, Chief Financial Officer, Mike Koempel. Mr. Demott will continue to serve on SGC’s Board of Directors.

Michael Benstock, SGC’s Chief Executive Officer, commented “I have known Andy since he joined SGC in 1998, and have enjoyed spending the past 25 years working alongside him growing SGC into a much more diversified company that generates more than a half billion dollars of annual revenue. SGC is a very different, and much better, business as a result of Andy’s dedication, drive, and thought leadership. I, and the entire SGC community, wish our friend and colleague all the best in his retirement and look forward to his continued guidance serving on our Board.”

Added Mr. Koempel, “It has been a pleasure working with Andy as we transitioned the financial stewardship of SGC. Being able to access someone as knowledgeable and capable as Andy eased the process.”

“I want to thank Andy for his innumerable contributions and perspectives, and all that he has accomplished at SGC,” said Chairperson of the Board, Sidney Kirschner.

Mr. Demott added, “It has been my greatest professional privilege to have worked at SGC these many years and to have hired and mentored so many of our current executives. I take comfort knowing that SGC is on solid footing, primed to thrive in the years ahead. I want to thank Jerry Benstock, our Chairman Emeritus, for hiring me as CFO in 1998 and especially Michael Benstock for his trust and guidance as we worked side-by-side for 25 years to grow SGC. It has been a very exciting journey.”

About Superior Group of Companies, Inc. (SGC):

Superior Group of Companies™, established in 1920, is a combination of companies that help our customers unlock the power of their brands by creating extraordinary brand engagement experiences for their employees and customers. SGC’s commitment to service, technology, quality and value-added benefits, as well as our financial strength and resources, provides unparalleled support for our customers’ diverse needs while embracing a “Customer 1st, Every Time!” philosophy and culture in all of our business segments. Visit www.superiorgroupofcompanies.com for more information.



Contact:
Investor Relations
[email protected]

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HII Breaks Ground on New Submarine Facility at Newport News Shipbuilding

NEWPORT NEWS, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) — Global all-domain defense partner HII (NYSE: HII) recently broke ground on a new project that will support nuclear submarine construction at its Newport News Shipbuilding division.

The Multi-Class Submarine Production Facility is one of three new facilities, enabling NNS to further support the construction and delivery of Columbia– and Virginia-class submarines.

“The Navy has made it clear how important both the Columbia- and Virginia-class submarine programs are to our nation’s defense,” said Brandi Smith, NNS vice president of Columbia-class submarine construction. “The Multi-Class Submarine Production Facility is an intentional investment to accelerate our efforts to deliver the highest quality submarines our Navy needs.”

Wednesday’s groundbreaking marked the first phase of construction. Work on two additional facilities is expected to begin later this year. The Multi-Class Submarine Production Facility is designed to be adaptable, allowing NNS to support both Columbia- and Virginia-class construction.

Photos accompanying this news release are available at: https://hii.com/news/hii-groundbreaking-submarine-facility-newport-news-shipbuilding.

The Multi-Class Submarine Production Facility is funded jointly by the Navy and HII, and is part of $1.9 billion in capital investments HII is making at NNS between 2016 and 2025. NNS is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy.

The Navy has identified the Columbia-class as its top acquisition priority. Twelve Columbia-class boats will replace the fleet of Ohio-class nuclear ballistic submarines and take over the role of the nation’s sea-based strategic deterrent; these submarines will provide the most survivable leg of the nation’s strategic triad.

NNS is a major contractor and shipbuilding partner in the Columbia-class program, designing, constructing and delivering six module sections per submarine under contract to General Dynamics Electric Boat.

Under a separate teaming agreement with Electric Boat, NNS is also building Virginia-class submarines for the Navy. The advanced capabilities of Virginia-class submarines increase firepower, maneuverability and stealth.

In November, NNS celebrated the keel authentication for Arkansas (SSN 800), the 27th Virginia-class fast attack submarine, as the shipyard continues to invest in its workforce and facilities to make steady progress on delivering these important assets to the Navy.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

Contact:

Todd Corillo
[email protected]
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55c3ed6a-1b92-46e1-86f6-12b36216ef7c



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Redfin Reports More Buyers Step Onto the Field, Luring Some Sellers Off the Sidelines

Redfin Reports More Buyers Step Onto the Field, Luring Some Sellers Off the Sidelines

Pending sales and new listings each posted their smallest declines since September

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Seller activity is also picking up.

Pending home sales posted their smallest decline since September during the four weeks ending February 5, falling 20% from a year earlier, and mortgage-purchase applications rose 3% from a week earlier. Redfin’s Homebuyer Demand Index—a measure of requests for tours and other services from Redfin agents—hit its highest level since September.

More homes are hitting the market to meet increasing demand; new listings dropped 17% from a year earlier, but that’s the smallest decline in over four months.

Although mortgage rates increased this week, they’re still down roughly a full percentage point from the peak they reached at the end of 2022. Rates coming down from their peak—along with home prices coming down from theirs—is the main reason buyers and sellers have started coming off the sidelines.

“By Super Bowl weekend, we usually have a good idea how a given year’s housing market will play out. But this year is anything but typical,” said Redfin Economics Research Lead Chen Zhao. “This year is more uncertain than most because the effects of last year’s rapid rate hikes are still flowing through the economy, and we’re not sure how much more the Fed will raise rates this year. So even after the Super Bowl comes and goes, we’ll be closely monitoring the Fed’s words and actions, along with inflation rates and indicators about the health of the labor market for signals that could affect homebuyer demand.”

Leading indicators of homebuying activity:

  • For the week ending February 9, the average 30-year fixed mortgage rate was 6.12%, up slightly from 6.09% the prior week, but down from the 2022 peak of 7.08% in November. The daily average was 6.32% on February 9, up from 5.99% a week earlier.
  • Mortgage-purchase applications during the week ending February 3 increased 3% from a week earlier, seasonally adjusted. Purchase applications were down 37% from a year earlier.
  • The seasonally adjusted Redfin Homebuyer Demand Index hit its highest level since September during the week ending February 5. It was up 21% from its October trough but down 25% from a year earlier.
  • Google searches for “homes for sale” were up about 38% from their November low during the week ending February 4, but down about 23% from a year earlier.

Key housing market takeaways for 400+ U.S. metro areas:

Unless otherwise noted, this data covers the four-week period ending February 5. Redfin’s weekly housing market data goes back through 2015.

  • The median home sale price was $346,769, up 0.9% year over year.
  • Median sale prices fell in 18 of the 50 most populous U.S. metros, with the biggest drops in Oakland, CA (-9.7% YoY), Austin (-6.5%), Sacramento (-5.8%), San Francisco (-4.9%), and Phoenix (-4.6%). Prices increased most in Milwaukee (12.8%), West Palm Beach, FL (12.3%), Indianapolis (10.1%), Fort Lauderdale, FL (9.8%) and Miami (8.4%).
  • The median asking price of newly listed homes was $376,160, up 1.7% year over year.
  • The monthly mortgage payment on the median-asking-price home was $2,376 at a 6.12% mortgage rate, the current weekly average. That’s down $131 (-5.2%) from the October peak. Monthly mortgage payments are up 25.1% ($477) from a year ago.
  • Pending home sales were down 19.5% year over year, the smallest decline since September.
  • Among the 50 most populous U.S. metros, pending sales fell most in Las Vegas (-58.7% YoY), Nashville (-50.6%), Phoenix (-50.1%), San Jose (-49.7%), and Austin (-48.9%). Pending sales rose in two metros: Cincinnati (31.5%) and Chicago (31.4%).
  • New listings of homes for sale fell 16.5% year over year. That’s the smallest decline since September.
  • New listings fell in all 50 of the most populous U.S. metros. They declined most in Oakland (-40.5%), Sacramento (-39%), San Jose (-38.1%), San Diego (-38%) and Las Vegas (-37.6%). They fell by less than 1% in Nashville, Dallas and Austin.
  • Active listings (the number of homes listed for sale at any point during the period) were up 22.6% from a year earlier.
  • Months of supply—a measure of the balance between supply and demand, calculated by the number of months it would take for the current inventory to sell at the current sales pace—was 4.1 months, up from 2.2 months a year earlier.
  • 42% of homes that went under contract had an accepted offer within the first two weeks on the market, the highest level since July, but down from 50% a year earlier.
  • Homes that sold were on the market for a median of 50 days. That’s up from 34 days a year earlier and the record low of 18 days set in May.
  • 20% of homes sold above their final list price, down from 39% a year earlier and the lowest level since March 2020.
  • On average, 5.4% of homes for sale each week had a price drop, up from 2.1% a year earlier.
  • The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, fell to 97.7% from 100% a year earlier. That’s the lowest level since March 2020.

To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-homebuyer-demand-improves

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country’s #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Redfin Journalist Services:

Kenneth Applewhaite, 206-588-6863

[email protected]

KEYWORDS: United States North America Washington

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

MEDIA:

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CORRECTING and REPLACING Chemours Announces First Quarter Dividend

CORRECTING and REPLACING Chemours Announces First Quarter Dividend

WILMINGTON, Del.–(BUSINESS WIRE)–
First paragraph, first sentence of release dated February 6, 2023 should read: The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced today that the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the company’s common stock for the first quarter of 2023.

The updated release reads:

CHEMOURS ANNOUNCES FIRST QUARTER DIVIDEND

The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced today that the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the company’s common stock for the first quarter of 2023. The dividend will be paid on March 15, 2023, to stockholders of record as of the close of business on February 24, 2023.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products are sold under prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words “believe,” “expect,” “will,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours’ control. In addition, the COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control, including general economic conditions, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2022. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

INVESTORS

Jonathan Lock

SVP, Chief Development Officer

+1.302.773.2263

[email protected]

Kurt Bonner

Manager, Investor Relations

+1.302.773.0026

[email protected]

NEWS MEDIA

Cassie Olszewski

Media Relations and Financial Communications Manager

+1.302.219.7140

[email protected]

KEYWORDS: United States North America Delaware

INDUSTRY KEYWORDS: Manufacturing Other Manufacturing Engineering Machine Tools, Metalworking & Metallurgy Chemicals/Plastics

MEDIA:

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Notice of Filing Securities Class Action Against Global Payments, Inc.

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C. has filed a federal securities class action in the United States District Court Northern District of Georgia on behalf of its client and all similarly situated investors who purchased or otherwise acquired securities of Global Payments, Inc. (“Global Payments” or the “Company”) (NYSE: GPN) from October 31, 2019 to October 18, 2022, inclusive (the “Class Period”). The class action alleges violations of the federal securities law under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than April 10, 2023. Any member of the proposed Class may move to serve as the Lead Plaintiff through counsel of their choice.

If you have suffered a net loss from investment in Global Payments’ securities from October 31, 2019 and October 18, 2022, you may obtain additional information about this lawsuit and your ability to become a Lead Plaintiff, by contacting Andrea Farah at [email protected] or Alesandra Greco at [email protected]  or by calling 914-733-7256. The class action is titled Shafer v. Global Payments, Inc. et al., No. 1:23-cv-00577 (N.D. Ga.).

The Complaint alleges that Global Payments and certain of its top executives made false and misleading statements to the public throughout the Class Period regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (a) Active Network used deceptive and abusive acts and practices to dupe its customers into enrolling into Active Network’s own discount club; (b) since July 2011, Active Network, and by extension, Global Payments, was aware of such unauthorized conduct and that it was violating relevant regulations and laws aimed at protecting its consumers; (c) since 2011, Global Payments failed to properly monitor its subsidiary from engaging in such unlawful conduct, detect and stop the misconduct, and identify and remediate harmed consumers; (d) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (e) Global Payments’ revenues were in part the product of Active Network’s unlawful conduct and thus unsustainable; and (f) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Contact

Andrea Farah, Esq.
Alesandra Greco, Esq.
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]  
          [email protected]
Web: www.lowey.com 



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Westwood One Presents Super Bowl LVII Game-Day Coverage With an All-Star Broadcast Team


2023 Marks Westwood One’s 50



th



Super Bowl Broadcast


Kevin Harlan, Hall of Famer Kurt Warner, Gene Steratore, Laura Okmin, and Mike Golic Call the Action Live from Arizona


Scott Graham


Anchors Pregame, Halftime, and Postgame Coverage

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — CUMULUS MEDIA’s (NASDAQ: CMLS) Westwood One, America’s largest audio network and the official network audio broadcast partner of the National Football League (NFL), will present comprehensive live coverage and play-by-play of Super Bowl LVII on Sunday, February 12, 2023, when the AFC champion Kansas City Chiefs face the NFC champion Philadelphia Eagles at State Farm Stadium in Glendale, Arizona.

Super Bowl LVII will be the 36th consecutive year and the 50th time overall Westwood One will broadcast America’s biggest sporting event.

Kevin Harlan will handle play-by-play duties for the Super Bowl for the 13th straight year, with Super Bowl XXXIV MVP and Hall of Fame quarterback Kurt Warner returning for the fifth consecutive year as lead analyst. Former NFL referee turned rules analyst Gene Steratore will also join the radio broadcast booth for this year’s Super Bowl. For the fourth time, Laura Okmin will patrol the sidelines, along with former defensive lineman Mike Golic, who returns for his second Super Bowl with Westwood One’s broadcast crew.

Scott Graham will anchor Westwood One’s pregame, halftime, and postgame show coverage, his 14th Super Bowl with the network. Former offensive lineman and Super Bowl 50 champion Ryan Harris will provide pregame, halftime, and postgame analysis.

Gameday coverage will begin at 2:00 p.m. ET, with “Super Bowl Preview,” co-hosted by Scott Graham, Mike Golic, and Kurt Warner, followed by “Super Bowl Insider” at 3:00 p.m. ET with Scott Graham, Jason McCourty, and Ian Rapoport. Live coverage from the stadium will kick off at 4:00 p.m. ET with “Super Sunday,” and the Super Bowl game broadcast will begin at 5:00 p.m. ET, with kickoff expected just after 6:30 p.m. ET.

Westwood One’s Complete Broadcast Schedule:

  • 2:00 p.m. ET “Super Bowl Preview” with Scott Graham, Mike Golic, and Kurt Warner
  • 3:00 p.m. ET “Super Bowl Insider” with Scott Graham, Jason McCourty, and Ian Rapoport
  • 4:00 p.m. ET “Super Sunday” pregame show hosted by Scott Graham
  • 5:00 p.m. ET “Super Bowl LVII Game Broadcast” with Kevin Harlan, Kurt Warner, Gene Steratore, Laura Okmin, and Mike Golic
  • 6:30 p.m. Super Bowl LVII Kickoff

Listeners can hear Westwood One’s Super Bowl LVII coverage on approximately 600 terrestrial radio stations nationwide as well as on westwoodonesports.com, SiriusXM, NFL+ and via the NFL App. The broadcast can also be heard worldwide via the American Forces Radio Network, which provides programming to America’s military forces. The network serves more than one million men and women in uniform, Department of Defense personnel, American Embassies and Consulates in more than 170 countries and territories as well as on more than 200 U.S. Navy, U.S. Coast Guard, and Military Sealift Command ships at sea. The NFL on Westwood One reaches more than 56 million listeners each season.

Announcer bios, a nationwide station finder, exclusive interviews, analysis, photos, and more at westwoodonesports.com.

About Westwood One Sports

Westwood One Sports is home to some of the most exciting sports broadcasts on radio. In addition to being the exclusive network audio broadcast partner to the NFL since 1987 – featuring regular and post-season NFL football, including the playoffs and the Super Bowl – its other extensive properties include NCAA Basketball, including the NCAA Men’s and Women’s Tournaments and the Final Four®; The Masters; NCAA Football; and other marquee sports events. Westwood One also distributes and represents CBS Sports Radio. On social media, join the Westwood One Sports community on Facebook at facebook.com/westwoodonesports and Twitter at twitter.com/westwood1sports. For more information, visit www.westwoodonesports.com.

About Cumulus Media

Cumulus Media (NASDAQ: CMLS) is an audio-first media company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 405 owned-and-operated radio stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across more than 9,400 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the Cumulus Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. Cumulus Media provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. Cumulus Media is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.

PR Contact: Karen Glover| Westwood One | [email protected]



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Tyson Foods Holds 60th Annual Meeting of Shareholders

SPRINGDALE, Ark., Feb. 09, 2023 (GLOBE NEWSWIRE) — Tyson Foods (NYSE: TSN) held its 60th annual meeting of shareholders earlier today at its Emma St. location, the site of the company’s original headquarters, to address company business following its first quarter results.

Tyson Foods shareholders elected its board of directors: As noted in the company’s most recent proxy statement, of the 13 directors, ten are independent, including Les R. Baledge, Mike Beebe, Maria Claudia Borras, David J. Bronczek, Mikel A. Durham, Jonathan D. Mariner, Kevin M. McNamara, Cheryl S. Miller, Jeffrey K. Schomburger and Barbara A. Tyson.

Chairman John H. Tyson was reelected to the board of directors, as were Tyson Foods President and CEO Donnie King and Executive Vice-Chairman Noel White.

Tyson Foods shareholders also ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the company for the 2023 fiscal year. They also voted against a shareholder proposal requesting the company complies with the World Health Organization’s (WHO) guidelines on the use of antimicrobials in Tyson Foods supply chain. Tyson Foods has already instituted a science-based policy on antibiotic use that addresses WHO’s non-binding guidance.

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Headquartered in Springdale, Arkansas, the Company had approximately 142,000 team members on October 1, 2022. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.

Media Contacts: 
Philippa Brown, [email protected]
Derek Burleson, [email protected]

Category: IR, NEWSROOM



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Farfetch to Announce Fourth Quarter and Full Year 2022 Results and Present at Upcoming Investor Conferences

Farfetch to Announce Fourth Quarter and Full Year 2022 Results and Present at Upcoming Investor Conferences

LONDON–(BUSINESS WIRE)–
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, announced that the company’s fourth quarter and full year 2022 financial results will be released after the U.S. market close on Thursday, February 23, 2023.

Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day.

In addition, Elliot Jordan, CFO, will present at the following investor conferences:

  • Morgan Stanley TMT Conference on Wednesday, March 8, 2023 at 10:25 a.m. PT (1:25 p.m. ET)
  • Bank of America 2023 Consumer & Retail Conference on Tuesday, March 14, 2023 at 11:20 a.m. ET.

A live webcast of these events, along with the company’s earnings press release, will be available on the Company’s Investor Relations website at www.farfetchinvestors.com. A webcast replay and any related presentation materials will be available for at least 30 days following the events.

About Farfetch

Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries and territories with items from more than 50 countries and over 1,400 of the world’s best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. Farfetch’s additional businesses include Browns and Stadium Goods, which offer luxury products to consumers, and New Guards Group, a platform for the development of global fashion brands. Farfetch offers its broad range of consumer-facing channels and enterprise level solutions to the luxury industry under its Luxury New Retail initiative. The Luxury New Retail initiative also encompasses Farfetch Platform Solutions, which services enterprise clients with e-commerce and technology capabilities and innovations such as Store of the Future, its connected retail solution.

For more information, please visit www.farfetchinvestors.com.

Investor Relations:

Alice Ryder

VP Investor Relations

[email protected]

Media:

Susannah Clark

EVP Communications, Global

[email protected]

+44 7788 405224

Brunswick Group

[email protected]

US: +1 (212) 333 3810

UK: +44 (0) 207 404 5959

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Fashion Online Retail Retail Luxury Jewelry Other Retail

MEDIA:

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United Fiber Launches Bold Campaign Featuring Revenue EDGE Managed Services and Exceptional Subscriber Experiences To Sign Up 11 Percent More Subscribers in Just Three Weeks

United Fiber Launches Bold Campaign Featuring Revenue EDGE Managed Services and Exceptional Subscriber Experiences To Sign Up 11 Percent More Subscribers in Just Three Weeks

United Fiber generated record subscriber signups with an omnichannel marketing campaign that emphasized their innovative new services and amazing subscriber experiences, partnering with Calix Premier Customer Success services to evolve their brand value proposition beyond speeds and feeds

SAN JOSE, Calif.–(BUSINESS WIRE)–Calix, Inc. (NYSE: CALX) today announced that Missouri-based cooperative and longtime Calix customer United Fiber is leveraging the Calix platform and managed services to fuel rapid growth. United Fiber is transforming its value proposition by embracing the Calix Revenue EDGE™ solution to deliver innovative new services—including managed Wi-Fi powered by GigaSpire® BLAST systems, home network security (ProtectIQ®), parental controls (ExperienceIQ®), and the Calix CommandIQ® mobile app. Over the next 18 months, United Fiber has aggressive growth plans to reach even more underserved communities and rural markets in northwest Missouri. To promote expansion into the city of St. Joseph, United Fiber partnered with Calix Premier Customer Success. Using the Calix Market Activation Program, they developed a successful campaign that drove more than 20,000 unique landing-page views in one week. In three weeks, they generated an 11 percent uptick in signups for the United Fiber service. To boost subscriber engagement, the United Fiber marketing team also used Calix Marketing Cloud (Marketing Cloud) to increase the adoption of their personalized, self-service mobile app, built on CommandIQ. In 2022, United Fiber installed thousands of GigaSpire BLAST systems for new subscribers and increased the adoption of their United WiFi BLAST app by 183 percent.

“Going all-in with Calix is enabling us to transform our business from delivering fiber broadband connectivity to an experience provider that will reach more than 40,000 subscribers,” said Darren Farnan, general manager at United Fiber. “We’ve been able to set ourselves apart from the competition—and live up to our cooperative values—with our whole-home managed Wi-Fi and services like ProtectIQ and ExperienceIQ, combined with our local service and support. We’re just scratching the surface with managed services—we’re testing Arlo Secure now, and we’re very excited about new services like Bark, SmartTown™, and SmartBiz™. By delivering peace of mind, these services align with our mission to enhance the rural way of life for our members and customers.”

United Fiber is supporting their growth plans by:

  • Differentiating from the competition by leading with managed services. Every United WiFi BLAST subscriber gets ProtectIQ to guard against malicious websites, viruses, and intrusions—and they can see how many threats have been blocked in the United WiFi BLAST app. United Fiber also offers ExperienceIQ to help subscribers control their home network access, filter unwanted content, and specify devices for bandwidth prioritization.
  • Growing their brand using the Calix Market Activation Program. To support their build plan to pass 36,000 additional homes and businesses in St. Joseph, United Fiber quickly accessed and customized world-class marketing materials to launch a powerful omnichannel marketing campaign in just weeks. This included local media, social media, TV and radio ads, billboards, direct mail, and more. The campaign drove more than 20,000 unique views of the St. Joseph landing page in a single week and led to an 11 percent increase in subscriber signups for United Fiber service following the announcement.
  • Optimizing the subscriber experience. Calix Operations Cloud enables United Fiber to proactively detect and address any network issues before they impact subscribers. Through Marketing Cloud, the cooperative can identify subscribers that may be running speed tests or investigating competitive services and reach out to improve their experience. This focus on experience—along with world-class, local customer service—is why United Fiber enjoys a Net Promoter Score℠ (NPS®) of 62, compared to the average telecommunications industry score in the 30s.

“Many broadband service providers (BSPs) are caught in a speed- and price-focused ‘race to the bottom,’” said Matt Collins, chief commercial operations officer at Calix. “But United Fiber did something truly remarkable. By partnering with Calix Premier Customer Success, they generated record new subscriber signups by refocusing their brand value proposition and launching an omnichannel marketing campaign that emphasized their innovative new services and amazing subscriber experiences. By repositioning themselves through differentiated experiences, they are laying the foundation to grow value in the communities they serve for decades to come.”

Watch the replay of the webinar, “Managed Services with Exceptional Experiences: How Broadband Providers Win,” to learn how service providers can transform their value propositions with managed services.

About Calix

Calix, Inc. (NYSE: CALX)—Broadband service providers of all sizes leverage the Calix platform and managed services to simplify their businesses, excite their subscribers, and grow value for their communities. The Calix platform enables our customers to operate efficiently, acquire subscribers, deliver exceptional subscriber experiences, and grow.

This press release contains forward-looking statements that are based upon management’s current expectations and are inherently uncertain. Forward-looking statements are based upon information available to us as of the date of this release, and we assume no obligation to revise or update any such forward-looking statement to reflect any event or circumstance after the date of this release, except as required by law. Actual results and the timing of events could differ materially from current expectations based on risks and uncertainties affecting Calix’s business. The reader is cautioned not to rely on the forward-looking statements contained in this press release. Additional information on potential factors that could affect Calix’s results and other risks and uncertainties are detailed in its quarterly reports on Form 10-Q and Annual Report on Form 10-K filed with the SEC and available at www.sec.gov.

Calix and the Calix logo are trademarks or registered trademarks of Calix and/or its affiliates in the U.S. and other countries. A listing of Calix’s trademarks can be found at https://www.calix.com/pages/trademarks.html. Third-party trademarks mentioned are the property of their respective owners.

Net Promoter®, NPS®, NPS Prism®, and the NPS-related emoticons are registered trademarks of Bain & Company, Inc., Satmetrix Systems, Inc., and Fred Reichheld. Net Promoter Score℠ and Net Promoter System℠ are service marks of Bain & Company, Inc., Satmetrix Systems, Inc., and Fred Reichheld.

Press Inquiries:

Alison Crisci

919-353-4323

[email protected]

Investor Inquiries:

Jim Fanucchi

[email protected]

KEYWORDS: United States North America California Missouri

INDUSTRY KEYWORDS: Mobile/Wireless Technology Security Telecommunications Software Networks Internet Hardware Data Management Consumer Electronics

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The Walt Disney Company Announces Strategic Restructuring, Restoring Accountability to Creative Businesses

The Walt Disney Company Announces Strategic Restructuring, Restoring Accountability to Creative Businesses

BURBANK, Calif.–(BUSINESS WIRE)–
The Walt Disney Company announced details of its strategic restructuring that will refocus the organization on creativity, empower creative leaders and ensure they are accountable for all aspects of their businesses globally, and put the company’s streaming business on a path to sustained growth and profitability. Effective immediately, the company will be organized into three core, collaborative business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. The leaders of each business segment will have full operational control and financial responsibility for creative development, marketing, technology, sales, and distribution, and will be accountable for driving business efficiencies globally.

“For nearly 100 years, storytelling and creativity have fueled The Walt Disney Company, with virtually every interaction we have with our consumers emanating from something creative,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. “I am committed to positioning this company for a new era of growth. Our strategic restructuring will return creativity to the center of the company, increase accountability, improve results, and ensure the quality of our content and experiences.”

Disney Entertainment will be co-chaired by Alan Bergman and Dana Walden who will be responsible for the company’s full portfolio of entertainment media and content businesses globally, including streaming.

ESPN will include ESPN networks and ESPN+ and will be led by Jimmy Pitaro. Pitaro will also be responsible for the management and supervision of the company’s full portfolio of sports content, products and experiences across all of Disney’s platforms worldwide, including its international sports channels.

The streaming business remains a top priority for the company. Disney’s unparalleled collection of renowned and trusted franchises and brands, combined with the reach of the streaming portfolio (consisting of Disney+, ESPN+, Hulu, Star+ and Hotstar) creates rich and direct connections between the consumer and the company’s stories and characters, powering growth across the entire company.

“Every day, I am reminded of what incredible talent we have leading the many facets of this company,” Iger said. “Thanks to my management team and our exceptional business leaders, who have acted quickly and strategically on the important changes we are undertaking today, I am as encouraged as ever by what the future holds for The Walt Disney Company.”

Disney Entertainment co-Chairmen Alan Bergman and Dana Walden will oversee the company’s global entertainment streaming businesses and manage all content decisions for those services, including Disney+ and Hulu.

Bergman will also have primary oversight of the following businesses and content brands: Disney Live Action, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures as well as Disney Music Group and Disney Theatrical Group.

Walden will also have primary oversight of the following businesses and content brands: ABC Entertainment, ABC News, ABC Owned Televisions Stations, Disney Branded Television, Disney Television Studios, Freeform, FX, Hulu Originals, National Geographic Content, and Onyx Collective.

Pitaro will continue to oversee eight linear networks, including ESPN and ESPN2; sports content across all Disney domestic and, going forward, international platforms; ESPN+; ESPN Audio; ESPN Digital; ESPN Social; ESPN Fantasy and a variety of owned sports events.

Effective immediately, several shared-service organizations across the company will support both Disney Entertainment and ESPN, facilitating company-wide efficiencies and creating a more cost-effective, coordinated, and streamlined approach to operations. These include Product and Technology, led by Aaron LaBerge; Advertising Sales, led by Rita Ferro; and Platform Distribution led by Justin Connolly excluding Theatrical Distribution and Music, which will be overseen by Bergman.

Outside of North America, the company’s media, entertainment, and sports content and operations will continue to be managed regionally by Luke Kang, President Asia Pacific; Jan Koeppen, President EMEA; Diego Lerner, President LATAM; and K Madhavan, President India. These leaders will report to Bergman, Walden, and Pitaro as part of their global responsibilities. As a result of the changes, Rebecca Campbell, Chairman, International Content and Operations, has decided to leave the Company. An esteemed leader and longtime industry veteran, Campbell will stay on through June to help with the transition.

Disney Parks, Experiences and Products — encompassing the company’s award-winning theme parks, cruise line, resort destinations and Adventures by Disney and National Geographic Expeditions, as well as Disney’s global consumer products, games, and publishing businesses — will continue under the leadership of Chairman Josh D’Amaro.

The organizational changes will be implemented immediately, and the company will begin reporting financial results under the new business structure by the end of the fiscal year.

Executive Biographies

Alan Bergman – Co-Chairman, Disney Entertainment

Alan Bergman is Co-Chairman for Disney Entertainment, along with Dana Walden. Together, they are responsible for The Walt Disney Company’s full portfolio of entertainment media and content business globally, including streaming. This includes accountability for content creation, sales and distribution, marketing, operations and technology. Bergman was previously Chairman, Disney Studios Content, responsible for the Studios division, including Disney Theatrical Productions. Prior to that, Bergman was Co-Chairman of The Walt Disney Studios from 2019 to 2020, and its President from 2005 to 2019.

Dana Walden – Co-Chairman, Disney Entertainment

Dana Walden is Co-Chairman for Disney Entertainment, along with Alan Bergman. Together, they are responsible for The Walt Disney Company’s full portfolio of entertainment media and content business globally, including streaming. This includes accountability for content creation, sales and distribution, marketing, operations and technology. Walden was previously Chairman of Disney General Entertainment Content, overseeing original entertainment and news programming for Disney’s streaming platforms, broadcast and cable networks, in addition to Disney Televisions Studios and Onyx Collective. Prior to that, Walden served as Chairman of Entertainment for Walt Disney Television.

Jimmy Pitaro – Chairman, ESPN

Jimmy Pitaro is Chairman of The Walt Disney Company’s ESPN business segment, which includes ESPN and ESPN+. Pitaro is also responsible for the Company’s full portfolio of sports content, products and experiences across all of Disney’s platforms worldwide, including content creation, sports rights acquisitions, distribution and marketing. Previously, Pitaro was ESPN President and Co-Chair, Disney Media Networks, after serving as Chairman of Disney Consumer Products and Interactive Media, starting in 2016. He joined the Company in 2010 to lead Disney’s Interactive segment.

Josh D’Amaro – Chairman, Disney Parks, Experiences and Products

Josh D’Amaro is Chairman of Disney Parks, Experiences and Products, overseeing a global hub consisting of Disney’s iconic travel and leisure businesses, which include six theme park-resort destinations in the United States, Europe and Asia; a top-rated cruise line; a popular vacation ownership program; an award-winning guided family adventure business; and Disney’s global consumer products operations. D’Amaro has a 25-year track record with the company. Previously, D’Amaro had served as President of Disneyland and then Walt Disney World Resorts.

About The Walt Disney Company

The Walt Disney Company, together with its subsidiaries, is a leading diversified international entertainment and media enterprise. For convenience, the term “Company” is used to refer collectively to the parent company and the subsidiary companies through which our various businesses are actually conducted. Disney is a Dow 30 company and had annual revenues of $82.7 billion in its Fiscal Year 2022.

Forward-Looking Statements

Certain statements in this email may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our future structure, growth, profitability, positioning, results, creativity, quality, expenses, targets and other statements that are not historical in nature. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.

Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and IP we invest in, our pricing decisions, our cost structure and our management and other personnel decisions) or other business decisions, as well as from developments beyond the Company’s control, including:

  • further deterioration in domestic and global economic conditions;
  • deterioration in or pressures from competitive conditions, including competition to create or acquire content and competition for talent;
  • consumer preferences and acceptance of our content, offerings, pricing model and price increases and the market for advertising sales on our DTC services and linear networks;
  • health concerns and their impact on our businesses and productions;
  • international, regulatory, legal, political, or military developments;
  • technological developments;
  • labor markets and activities;
  • adverse weather conditions or natural disasters; and
  • availability of content.

Each such risk includes the current and future impacts of, and may be amplified by, COVID-19 and related mitigation efforts.

Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable):

  • our operations, business plans or profitability;
  • demand for our products and services;
  • the performance of the Company’s content;
  • our ability to create or obtain desirable content at or under the value we assign the content;
  • the advertising market for programming;
  • income tax expense; and
  • performance of some or all Company businesses either directly or through their impact on those who distribute our products.

Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended October 1, 2022, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and subsequent filings with the Securities and Exchange Commission.

The terms “Company,” “we,” and “our” are used above to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted.

Media Contacts:

David Jefferson

(818) 560-4832

[email protected]

Mike Long

(818) 560-4588

[email protected]

Investor Contact:

Alexia Quadrani

(818) 560-6601

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Toys Sports Other Entertainment TV and Radio Film & Motion Pictures Theatre Music Vacation Specialty General Sports Cruise Electronic Games Tourist Attractions Entertainment Retail General Entertainment Lodging Destinations Travel Theme Parks Online Books

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