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Donaldson Company Announces Preliminary Results of Annual Meeting, Shareholders Elect New Director Dan Shine to Board of Directors

MINNEAPOLIS–(BUSINESS WIRE)–
Donaldson Company, Inc. (NYSE: DCI) held its annual meeting of stockholders today. Preliminary voting results indicate stockholders owning a majority of shares supported:

• The election of four directors, including new director Dan Shine,

• The Company’s executive compensation practices, and

• Ratification of PricewaterhouseCoopers as Donaldson’s independent public accountant.

Additionally, Will Oberton, former lead independent director, retired from the Donaldson today after 19 years of service. The Company will disclose the final voting results on each item of business presented at the 2025 Annual Meeting on a Form 8-K to be filed with the SEC.

“I want to thank Will for his dedication to our Company and for his trusted counsel,” said Tod Carpenter, chairman, president and chief executive officer. “I am pleased that our stockholders supported the board’s recommendation to elect Dan Shine to our board. Dan brings significant commercial experience and technological and financial depth to Donaldson and we look forward to welcoming him to our team.”

Dan Shine currently serves as senior vice president and president, analytical instruments, Thermo Fisher Scientific, after having held various executive leadership roles within the organization. Dan has a bachelor’s degree in economics from Wesleyan University and a master’s degree in public accounting from the University of Hartford.

About Donaldson Company, Inc.

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 150 locations on six continents partner with customers – from small business owners to R&D organizations and the world’s biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at www.Donaldson.com.

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Sarika Dhadwal (952) 887-3753

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KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Machinery Other Energy Utilities Energy Technology Other Construction & Property HVAC Other Manufacturing Construction & Property Engineering Building Systems Other Technology Manufacturing

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Posted on November 21, 2025 2:45 pm

AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation

AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of First American Title Insurance Company (Omaha, NE) and its title affiliates, which are referred to as First American Title Insurance Group (FATIG). In addition, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) [NYSE: FAF]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)

The ratings reflect FATIG’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

FATIG’s strongest balance sheet strength is supported by its risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), strong surplus levels and conservative investment strategy. In addition, FATIG benefits from a strong franchise value, financial flexibility and operational support from FAF, which maintains a conservative level of financial leverage and solid interest coverage. The assessment of adequate operating performance is supported by the group’s operating results, which are aligned with the industry composite averages. FATIG is the second-largest underwriter in the U.S. title insurance industry and continues to maintain a solid market position based on 2024 premiums written, despite unfavorable macroeconomic market conditions with rising interest rates and a slowdown in the real estate sector.

The group makes significant investments in its title plants, which are some of the most comprehensive in the industry. Policies are distributed on a direct basis and through a network of independent agents. The ratings also reflect FATIG’s robust ERM practices, which are in line with its corporate objectives, regulatory requirements and rating agency guidelines.

Negative rating actions could occur if challenges from rising interest rates and a slowing economy pose a significant decline in FATIG’s operating profitability or a material decline in its risk-adjusted capitalization levels. Negative rating actions also could result should the holding company experience liquidity issues or a significant increase in leverage. Positive rating actions could occur if the group experiences significant improvements in its operating profitability and/or a material increase in its risk-adjusted capitalization levels.

The FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) have been affirmed with stable outlooks for the following members of First American Title Insurance Group:

• First American Title Insurance Company

• First American Title Insurance Company of Australia Pty Limited

• First American Title Insurance Company of Louisiana

• First European Title Insurance Company Limited

• First Title Insurance plc

• Ohio Bar Title Insurance Company

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Fred Eslami

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Christopher Sharkey

Associate Director, Public Relations

+1 908 882 2310

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Al Slavin

Senior Public Relations Specialist

+1 908 882 2318

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KEYWORDS: New Jersey Europe United States North America

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The Spun Releases Inaugural Then & Now Issue, Highlighting Iconic Athletes in Sports History

NEW YORK–(BUSINESS WIRE)–
Today, The Spun proudly unveils its inaugural Then & Now magazine issue, a commemorative edition exploring some of the most defining athletes, storylines and historic moments in sports.

The first issue features in-depth interviews, original reporting, archival photography and long-form storytelling that examine the evolution of iconic teams, athletes and events. Readers will find contributions from award-winning journalists and veteran sports reporters, including Kevin Baxter, Helene Elliott and Mark Zeigler, among others.

“I hope, by revisiting some of sports’ biggest names, storylines and indelible moments in history while sharing new reporting, that fans enjoy the memories and learn something they didn’t know,” said PK Daniel, managing editor for the issue.

Highlights of the inaugural issue include:

• A comprehensive feature by Los Angeles Times scribe Kevin Baxter on the 1999 FIFA Women’s World Cup, won by the U.S. in a tournament that forever transformed the global trajectory of women’s soccer.
• An in-depth look by Hockey Hall of Fame writer Helene Elliott at the 1980 “Miracle on Ice” team that defeated the Soviet Union and paved the way for the U.S. men to capture gold over Finland at the Lake Placid Olympics.
• A revelatory story by San Diego Union-Tribune’s Mark Zeigler on Floyd Landis, drawing from his extensive investigative reporting and deep institutional knowledge of Olympic sports, cycling, and prior doping scandals.

“To launch this project, I assembled an all-star editorial staff. Together, we set out to create an evergreen magazine – something nostalgic and fresh with stories that honor the past while revealing the present,” Daniel said. “For me, it was a labor of love.”

The inaugural issue is available for purchase on retail racks and newsstands nationwide.

About The Spun

The Spun is a sports media brand delivering breaking news, original reporting and engaging storytelling across the world of athletics. With a focus on accessible, authoritative coverage, The Spun reaches millions of fans seeking timely updates and deep insights into their favorite teams and athletes. Founded in 2012, The Spun is owned and operated by The Arena Group.

About The Arena Group

The Arena Group Holdings, Inc (NYSE American: AREN) is a brand, data and IP company that builds, acquires, and scales high-performing digital assets. We combine technology, storytelling, and entrepreneurship to create deep content verticals that engage passionate audiences across sports & leisure, lifestyle, and finance. Through our portfolio of owned and operated brands including TheStreet, Parade, Men’s Journal, Athlon Sports, the Adventure Network (Surfer, Powder, Bike, etc), and others, we deliver trusted content and meaningful experiences to millions of users each month. Visit us at thearenagroup.net to learn more.

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Morgan Fitzgerald

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INDUSTRY KEYWORDS: Hockey General Sports Sports Soccer Publishing Media Communications Olympics

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First Solar Inaugurates New $1.1 Billion AI-Enabled Louisiana Manufacturing Facility

• First Solar’s fifth operating US manufacturing facility creates over 800 new manufacturing jobs
• Facility forecast to raise Iberia Parish’s GDP by 4.4% in first full year of operations at capacity
• Largest American solar manufacturer expects almost 18 GW of domestic production capacity in 2027

TEMPE, Ariz.–(BUSINESS WIRE)–First Solar, Inc. (Nasdaq: FSLR) (the “Company” or “First Solar”) today inaugurated its new fully vertically integrated manufacturing facility in Iberia Parish, Louisiana. The $1.1 billion facility, which spans approximately 2.4 million square feet and is about 11 times the size of the New Orleans Superdome, currently employs over 700 people and is expected to have 826 employees by the end of the year. Once fully ramped, the Iberia Parish facility is expected to add 3.5 gigawatts (GW) of annual nameplate capacity, taking First Solar’s American manufacturing footprint to 14 GW in 2026, and 17.7 GW in 2027, when a recently announced production facility in South Carolina is expected to be fully ramped.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251121295144/en/

The Iberia Parish facility began production in July 2025, several months ahead of schedule. The accelerated timeline was driven by the passage of the One Big Beautiful Bill Act and the Trump administration’s trade policies, both of which catalyzed demand for American-made solar technology that is fully compliant with anticipated Foreign Entities of Concern (FEOC) guidance. The facility, which has no dependencies on Chinese crystalline silicon supply chains, produces First Solar’s Series 7 modules using American materials including glass from Illinois and Ohio, and steel produced in Mississippi and fabricated into backrails in Louisiana.

“First Solar’s investment is already delivering real results for Iberia Parish and the surrounding region with hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses,” said Louisiana Governor, Jeff Landry. “This is exactly how we advance President Trump’s agenda of American energy dominance. Louisiana has always powered this country, and with projects like this, we’re strengthening our workforce and securing an all-of-the-above energy future that drives growth and prosperity.”

According to an economic impact analysis conducted by the University of Louisiana at Lafayette and commissioned by the Iberia Economic Development Authority (IEDA) the new facility is forecast to grow Iberia Parish’s Gross Domestic Product (GDP) by 4.4% in its first full year of operations at capacity. Manufacturing roles at the facility offer an average compensation package of $90,000 per year, more than three times the per capita income in Iberia Parish.

“This is more than just a manufacturing facility. It’s a commitment to American energy dominance, affordable electricity, growth and prosperity,” said Mark Widmar, chief executive officer, First Solar. “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”

The high-tech factory is enabled by artificial intelligence (AI), using computer vision and deep learning to automatically detect defects in solar panels during production, while technicians and operators leverage AI-powered tools to make operating adjustments and guide decision making.

“This is, beyond doubt, one of the most advanced solar manufacturing facilities in the world and it represents the very best of American manufacturing innovation,” said Kuntal Kumar Verma, chief manufacturing officer, First Solar. “Along with its sister facilities in Ohio and Alabama, this factory demonstrates how AI can be harnessed to help American factory workers reach their full potential. Our fleet offers proof that AI can help realize productivity gains that allow us to out-innovate the competition and run our operations smarter, better, and faster.”

The Louisiana facility is part of what is already the largest solar technology manufacturing and research and development (R&D) footprint in the Western Hemisphere and includes three fully vertically integrated manufacturing facilities in Ohio, and one in Alabama, along with R&D centers in Ohio and California. Last week, the Company announced an investment in a new production line in Gaffney, South Carolina, to onshore final production processes for Series 6 modules initiated by its international fleet. Altogether, the Company, which expects to directly employ over 5,500 people in the US by the end of 2026, will have invested approximately $4.5 billion in American manufacturing and R&D infrastructure since 2019.

Having manufactured in the US since 2002, First Solar is the country’s leading PV solar technology and manufacturing company. It is the only one of the world’s largest solar manufacturers to be headquartered in the US. By 2027, the Company expects to support over 30,000 direct, indirect, and induced jobs across the country, estimated to represent more than $3 billion in labor income.

About First Solar, Inc.

First Solar, Inc. (Nasdaq: FSLR) is America’s leading PV solar technology and manufacturing company. The only US-headquartered company among the world’s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with its advanced, uniquely American thin film PV technology. Developed at research and development (R&D) labs in California and Ohio, the Company’s technology represents the next generation of solar power generation, providing a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV modules. For more information, please visit www.firstsolar.com.

For First Solar Investors

This press release contains various “forward-looking statements” which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning the expectations that: (i) the new Louisiana facility will add 3.5 GW of nameplate capacity once fully ramped; (ii) the facility will employ 826 people by the end of 2025; (iii) First Solar’s US nameplate capacity will rise to 14 GW in 2026 and 17.7 GW in 2027; (iv) the new facility will contribute an estimated $88.7 million in labor income per year and is forecast to raise Iberia Parish’s GDP by 4.4% in its first full year of operations at capacity; (v) First Solar will establish a new production facility in Gaffney, Cherokee County, South Carolina, to onshore final production processes for Series 6 modules initiated by the Company’s international fleet; (vi) our expectation that First Solar will directly employ over 5,500 people in the US by the end of 2026, supporting over 30,000 direct, indirect, and induced jobs across the country, representing more than $3 billion in labor income. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on First Solar’s current expectations and First Solar’s projections about future events and therefore speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. First Solar undertakes no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause First Solar’s actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the expected timing and likelihood of completion of the transaction; the risk that the parties may not be able to satisfy the conditions to the transaction in a timely manner or at all; and the matters discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. This press release contains references to data and information generated by economic studies conducted by the Kathleen Babineaux Blanco Public Policy Center at the University of Louisiana at Lafayette, and commissioned by the Iberia Economic Development Authority and First Solar. The study commissioned by First Solar is based on numerous assumptions, estimates and other data as more fully described in the report summarizing the study’s findings, which is available at www.firstsolar.com/USeconomy.

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First Solar Media

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Investors

Byron Jeffers

First Solar Investor Relations

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KEYWORDS: Louisiana Arizona United States North America

INDUSTRY KEYWORDS: Other Manufacturing Environment Technology Utilities Manufacturing Alternative Energy Green Technology Energy Artificial Intelligence

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First Solar today inaugurated its new fully vertically integrated manufacturing facility in Iberia Parish, Louisiana. The $1.1 billion facility spans approximately 2.4 million square feet and is about 11 times the size of the New Orleans Superdome.

Photo

The facility currently employs over 700 people and is expected to have 826 employees by the end of the year. Once fully ramped, the Iberia Parish facility is expected to add 3.5 gigawatts (GW) of annual nameplate capacity, taking First Solar’s American manufacturing footprint to 14 GW in 2026, and 17.7 GW in 2027, when a recently announced production facility in South Carolina is expected to be fully ramped.

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AstraZeneca plans $2 billion manufacturing investment in Maryland, supporting 2,600 jobs and catalyzing economic growth

New capacity at AstraZeneca’s Fredrick and Gaithersburg facilities will accelerate production of cancer, rare and chronic disease medicines

Fourth major US manufacturing investment announced this year, advancing AstraZeneca’s historic $50 billion commitment to medicines manufacturing and R&D

WILMINGTON, Del.–(BUSINESS WIRE)–
AstraZeneca today announces plans to invest $2 billion to expand its long-standing manufacturing footprint in Maryland. This includes a significant expansion of its flagship biologics manufacturing facility in Frederick and construction of a new state-of-the-art facility in Gaithersburg for the development and clinical supply of innovative molecules to be used in clinical trials. The investment will support 2,600 jobs across the two sites in the state including the retention of local roles, construction activity, and the creation of 300 highly skilled jobs.

The Frederick facility currently produces biologics, a type of medication used across AstraZeneca’s portfolio of cancer, auto immune, respiratory and rare disease treatments. The planned expansion will nearly double commercial manufacturing capacity, enabling increased supply of existing medicines and, for the first time, production across the Company’s rare disease portfolio. It will create 200 highly skilled jobs and 900 construction roles and is expected to be operational in 2029.

In parallel, AstraZeneca will build a new clinical manufacturing facility to expand its footprint in Gaithersburg. The facility, which will be fully operational by 2029, will create an additional 100 jobs, retain 400 roles and support a further 1,000 construction-related jobs.

Both the expanded facility in Frederick and the new facility in Gaithersburg will leverage cutting-edge AI, automation and data analytics and be built to the highest environmental standards.

Maryland Governor, Wes Moore, said: “AstraZeneca’s commitment to Maryland speaks to our unique, world-class biotech ecosystem. This landmark investment affirms our reputation as a global leader in life sciences, while strengthening the U.S. medicine supply chain, accelerating the development of life-saving therapies, and creating hundreds of jobs. We are proud to partner with AstraZeneca to grow our economy and build new pathways to work, wages, and wealth for all.”

Pascal Soriot, Chief Executive Officer, AstraZeneca, said: “Today marks a landmark moment for Maryland and American patients. As the state’s largest biopharmaceutical employer, we are deepening our long-standing commitment to Maryland – supporting 2,600 jobs, catalyzing economic growth and bringing our extensive rare disease portfolio onshore for the first time. This investment strengthens the resilience of the US medicines supply chain and accelerates access to transformative therapies for patients across America and around the world.”

Today’s announcement is part of AstraZeneca’s historic $50 billion investment announced in July and follows a series of US commitments over the past six months, including unveiling a new cell therapy manufacturing facility in Rockville, Maryland, a new drug substance manufacturing facility in Virginia and the expansion of the Company’s existing manufacturing facility in Coppell, Texas.

The US is AstraZeneca’s largest market by sales and is also home to 19 R&D, manufacturing and commercial sites. The Company’s US workforce exceeds more than 25,000 people and supports more than 100,000 jobs overall across the country. In 2025, AstraZeneca created approximately $20 billion of overall value to the American economy.

AstraZeneca

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines in Oncology, Rare Diseases and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca’s innovative medicines are sold in more than 125 countries and used by millions of patients worldwide. Please visit www.astrazeneca-us.com and follow the Company on social media @AstraZeneca.

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