Corporate Officers – Upbeet Communications http://upbeetcommunications.com/ Wed, 10 Aug 2022 04:36:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://upbeetcommunications.com/wp-content/uploads/2021/07/icon-3.png Corporate Officers – Upbeet Communications http://upbeetcommunications.com/ 32 32 Bright Kindle Resources & Investments: Change of directors and/or officers (resignation, removal or appointment, election and/or promotion) https://upbeetcommunications.com/bright-kindle-resources-investments-change-of-directors-and-or-officers-resignation-removal-or-appointment-election-and-or-promotion/ Wed, 10 Aug 2022 01:44:15 +0000 https://upbeetcommunications.com/bright-kindle-resources-investments-change-of-directors-and-or-officers-resignation-removal-or-appointment-election-and-or-promotion/ SAFETY AND EXCHANGES COMMISSIONSEC FORM 17-C CURRENT ARTICLE 17 REPORTOF THE SECURITIES REGULATORY CODEAND CBC RULE 17.2(c) 1. Report Date (Date of first reported event) August 9, 20222. SEC Identification Number 1021653. BIR tax identification number 000-803-498-0004. Exact name of the issuer as specified in its charter Brilliant Kindle Resources and Investments, Inc.5. Province, country […]]]>

SAFETY AND EXCHANGES COMMISSIONSEC FORM 17-C

CURRENT ARTICLE 17 REPORT
OF THE SECURITIES REGULATORY CODE
AND CBC RULE 17.2(c)

1. Report Date (Date of first reported event) August 9, 20222. SEC Identification Number 1021653. BIR tax identification number 000-803-498-0004. Exact name of the issuer as specified in its charter Brilliant Kindle Resources and Investments, Inc.5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry classification code (SEC use only) 7. Principal office address 16th Floor BDO Towers Valero (formerly Citibank Tower), 8741 Paseo de Roxas, Makati CityPostal code12278. Issuer’s phone number including area code (+632) 8833-07699. Former name or former address, if changed since last report 10. Securities registered pursuant to Articles 8 and 12 of the SRC or Articles 4 and 8 of the RSA

Title of each class

Number of Common Shares Outstanding and Amount of Outstanding Debt

COMMON 1,528,474,000

11. Indicate the article numbers reported here Item 9 Other events

The Exchange does not warrant or assume any responsibility for the accuracy of the facts and statements contained in any corporate disclosures, including financial reports. All data contained herein is prepared and submitted by the Disclosing Party to the Exchange, and is being released for informational purposes only. Any questions about the data contained herein should be addressed directly to the disclosing party’s Corporate Information Officer.


Bright Kindle Resources & Investments Inc.BKR

PSE Disclosure Form 4-8 – Change of Directors and/or Officers
(Resignation/Revocation or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Purpose of disclosure

Resignation of Mr. Clark A. Banaag

Background/Description of Disclosure

On August 09, 2022, the Board of Directors of Bright Kindle Resources & Investments, Inc. noted and accepted the resignation of Mr. Clark A. Banaag as Director, as set forth in its letter dated August 09, 2022 and effective on the same date, August 09, 2022.

Resignation/Revocation or Replacement

person’s name

Position/Designation

Effective date of resignation/termination of mandate
(dd/mmm/yyyy)

Reason(s) for resignation/termination

Mr CLARK A. BANAAG Director 09/08/2022 PERSONAL QUESTION

Election or appointment

person’s name

Position/Designation

Date of appointment/election
(dd/mmm/yyyy)

Effective date of nomination election
(dd/mmm/yyyy)

Participations in the listed company

Nature of indirect ownership

Direct

Indirect

Promotion or change of designation

person’s name

Position/Designation

Date of approval
(dd/mmm/yyyy)

Effective date of change
(dd/mmm/yyyy)

Participations in the listed company

Nature of indirect ownership

Of

To

Direct

Indirect

Other relevant information

nothing

Filed on behalf of:

Last name

Maila Lourdes De Castro

Designation

Corporate Secretary, Compliance Officer and Data Privacy Officer

Disclaimer

Bright Kindle Resources & Investments Inc. published this content on August 10, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on August 10, 2022 01:43:03 UTC.

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One year after Afghanistan, spy agencies turn to China https://upbeetcommunications.com/one-year-after-afghanistan-spy-agencies-turn-to-china/ Mon, 08 Aug 2022 04:21:49 +0000 https://upbeetcommunications.com/one-year-after-afghanistan-spy-agencies-turn-to-china/ WASHINGTON (AP) — In a recent closed-door meeting with leaders of the agency’s Counterterrorism Center, the CIA’s No. 2 official made it clear that the fight against al-Qaeda and other extremist groups will remain a priority – but that the agency’s money and resources would focus increasingly on China. The CIA drone attack that killed […]]]>

WASHINGTON (AP) — In a recent closed-door meeting with leaders of the agency’s Counterterrorism Center, the CIA’s No. 2 official made it clear that the fight against al-Qaeda and other extremist groups will remain a priority – but that the agency’s money and resources would focus increasingly on China.

The CIA drone attack that killed the leader of al-Qaeda showed that the fight against terrorism is not an afterthought. But that hasn’t changed the message that the agency’s deputy director, David Cohen, delivered at that meeting a few weeks earlier: while the United States will continue to pursue terrorists, the top priority is to try to better understand and counter Beijing.

A year after the war in Afghanistan ended, President Joe Biden and top national security officials are talking less about counterterrorism and more about the political, economic and military threats posed by China and Russia. There has been a silent pivot within the intelligence agencies, which are moving hundreds of officers to China-focused posts, including some who previously worked on terrorism.

Last week clearly shows that the United States must manage both at the same time. Days after Ayman al-Zawahri’s death in Kabul, China held large-scale military drills and threatened to cut off contact with the United States following House Speaker Nancy Pelosi’s visit to Taiwan .

The United States has long been alarmed by China’s growing political and economic ambitions. China has attempted to influence foreign elections, mounted cyber espionage and industrial espionage campaigns, and detained millions of minority Uyghurs in camps. Some experts also believe that Beijing will try in the coming years to seize the democratic self-governing island of Taiwan by force.

Intelligence officials said they needed more information about China, especially after they were unable to definitively pinpoint the cause of the COVID-19 pandemic. Beijing has been accused of withholding information about the origins of the virus.

And the war in Ukraine underscored the importance of Russia as a target. The United States used declassified information to expose Russian President Vladimir Putin’s war plans before the invasion and rally diplomatic support for Kyiv.

Proponents of the Biden administration’s approach note that the United States was able to track and kill al-Zawahri, evidence of its abilities to target threats in Afghanistan from abroad. Critics say the fact that al-Zawahri was living in Kabul, under apparent Taliban protection, suggests there is a resurgence of extremist groups that America is ill-equipped to counter.

The shift in priorities is backed by many former intelligence officers and lawmakers from both parties who say it is overdue. This includes people who served in Afghanistan and other missions against Al-Qaeda and other terrorist groups.

Rep. Jason Crow, a former Army ranger who served in Afghanistan and Iraq, said he thinks the United States has focused too much on counterterrorism in recent years.

“A much bigger existential threat is Russia and China,” said Crow, a Colorado Democrat who serves on the House Intelligence and Armed Services Committees. Terrorist groups, he said, “will not destroy the American way of life…like China can.”

CIA spokeswoman Tammy Thorp noted that terrorism “remains a very real challenge.”

“Even as crises such as Russia’s invasion of Ukraine and strategic challenges such as that posed by the People’s Republic of China demand our attention, the CIA will continue to aggressively track terrorist threats on a global scale. world and work with partners to counter them,” said Thorp.

Congress has pushed the CIA and other intelligence agencies to make China a top priority, according to several people familiar with the matter who spoke on condition of anonymity to discuss sensitive intelligence matters. Pushing resources into China has required cuts elsewhere, including in the fight against terrorism. Precise figures were not available because intelligence budgets are classified.

In particular, lawmakers want more information about China’s development in advanced technologies. Under President Xi Jinping, China has committed billions of dollars of investment in quantum science, artificial intelligence and other technologies that have the potential to disrupt the way future wars are fought and economies are structured.

As part of the shift, congressional committees are trying to better track how intelligence agencies spend their funding in China, seeking more details on how specific programs contribute to that mission, a person familiar with the mission said. case.

“We’re late, but it’s good that we’re finally focusing on this region,” said Rep. Chris Stewart, a Republican from Utah who serves on the House Intelligence Committee. “That means people, resources, military means and diplomacy.”

Last year, the CIA announced it would create two new “mission centers” – one on China, the other on emerging technologies – to centralize and improve intelligence gathering on these issues. The CIA is also trying to recruit more Chinese speakers and reduce wait times for security clearances to hire new people faster.

Within the agency, many officers are learning Chinese and moving into new China-focused roles, though not all of those jobs require language training, people familiar with the matter said.

Officials note that intelligence officers are being trained to adapt to new challenges and that many have moved more quickly into counterterrorism roles after the September 11, 2001 attacks. Counterterrorism Work Progress – including better use of data and different intelligence sources to build networks and identify targets — are also useful in countering Russia and China, former officers said.

“It’s the analysis and targeting machine that has become extraordinary,” said Douglas Wise, a former senior CIA officer who was deputy chief of operations at the counterterrorism center.

The CIA’s Counterterrorism Center, renamed the Counterterrorism Mission Center in a 2015 reorganization, remains a point of pride for many who credit its work with protecting Americans from terrorism after September 11th. CIA officers landed in Afghanistan on September 26, 2001, and were part of operations to displace the Taliban and find and kill al-Qaeda leaders, including Osama bin Laden.

And 13 years after a double agent tricked officers pursuing al-Zawahri and blew himself up, killing seven agency employees, the CIA killed him in a strike with no civilian casualties.

The CIA has also been involved in some of the darkest moments in the fight against terrorism. He operated secret “black sites” prisons to detain terrorism suspects, some wrongfully, and a Senate investigation found he used interrogation methods that amounted to torture. Elite CIA-trained Afghan special operations units have also been accused of killing civilians and violating international law.

There has long been a debate about whether counterterrorism has taken intelligence agencies too far away from traditional espionage and whether some of the CIA’s work to target terrorists should instead be done by forces specials pertaining to the army.

Marc Polymeropoulos is a retired CIA operations officer and former base chief in Afghanistan. He said he favored a greater focus on China and Russia, but added: “There is no reason to diminish what we had to do.”

“This notion that somehow all the CT work that we did, somehow, was wrong, that we took our eye off the ball – remember you just September 12 how everyone felt,” he said.

Reorienting agencies toward a greater focus on China and Russia will ultimately take years and require both patience and recognition that agency culture will take time to change, Wise said.

“For decades we’ve been doing counterterrorism,” Wise said. “We need to have a rational plan to make this adaptation, which doesn’t take so long that our enemies can exploit a glacial process.”

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HYSTER-YALE MATERIALS HANDLING, INC. : Change of Directors or Principal Officers (Form 8-K) https://upbeetcommunications.com/hyster-yale-materials-handling-inc-change-of-directors-or-principal-officers-form-8-k/ Fri, 05 Aug 2022 20:43:15 +0000 https://upbeetcommunications.com/hyster-yale-materials-handling-inc-change-of-directors-or-principal-officers-form-8-k/ Article 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain executives. On August 1, 2022, Hyster-Yale Materials Handling, Inc. (the “Company”) has appointed Scott A. MinderAge 49, as Senior Vice President, Chief Financial Officer and Treasurer (“Chief Financial Officer”) of the Company, effective as of August […]]]>

Article 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain executives.

On August 1, 2022, Hyster-Yale Materials Handling, Inc. (the “Company”) has appointed Scott A. MinderAge 49, as Senior Vice President, Chief Financial Officer and Treasurer (“Chief Financial Officer”) of the Company, effective as of August 29, 2022 (the “Effective Date”), replacing Kenneth C. Schilling, who currently serves as Chief Financial Officer. Also on August 1, 2022, Mr Schilling notified the Company of its intention to withdraw from the Company, effective December 31, 2022. To ensure a smooth transition, Mr Schilling will remain with the company and assume a new role as senior vice president of the company, special financial advisor to the president on the effective date.

Mr Minder served as Vice President, Treasurer and Investor Relations of ATI Inc. (“ATI”), a global specialty materials and components company (from June 2018 to be presented), and as Vice President, Investor Relations of ATI (since
June 2017 at June 2018). Previously, he worked for PPG Industries, a global manufacturer of paints, coatings and specialty materials, in a variety of financial roles including Director, Investor Relations, Global Commercial Controller – Industrial Coatings, Packaging Coatings and Chief Financial Officer – automotive OEM coatings (from 2009 to 2017). ). Prior to joining PPG Industries, Mr Minder was chief financial officer of the automotive division and director of global quality at Penske Logistics. Mr Minder also had a distinguished 11-year career at General Motors which held several positions of increasing responsibility within the finance function, including roles in manufacturing, marketing and corporate sites, culminating in investor relations .

As part of his appointment as CFO, Mr Minder countersigned a letter of offer from the Company, effective August 1, 2022fixing his base salary at a rate of $430,000 per year. Mr Minder will also receive: a special bonus for the registration of $150,000 (paid in two equal installments on his first pay date and after he has served six months with the Company); a one-time grant with a value equal to 8,000 shares (plus cash in the amount of 35% of the total value of the grant) under the company’s additional long-term share plan ( fully vested, with 4,000 shares subject to transfer restrictions for five years and 4,000 shares being subject to transfer restrictions for 10 years, subject to certain limited exceptions); annual participation in the company’s annual incentive plan, with a target cash opportunity (which can be earned from 0% to 150%) equal to 50% of the median salary of his role (which is $477,000 for 2022) (for 2022, this price will be pro-rated based on At Mr. Minder’s date of hire and subject to a minimum payout of 100% of target); annual participation in the company’s long-term equity incentive plan, with a target opportunity (which can be earned from 0% to 200%) equal to 75% of the median salary of his role (which is
$477,000 for 2022) and payment made 65% in shares subject to transfer restrictions and 35% in cash (for 2022, this award will be subject to a minimum payout of 100% of the target); indirect cash allowance of $20,000 per year; normal resettlement benefits; and participation in certain standard employee health, welfare and retirement benefits. Mr Minder also agreed to customary confidentiality and other standard terms of employment for new hires.

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Change CEO says UnitedHealth deal won’t hurt rivals https://upbeetcommunications.com/change-ceo-says-unitedhealth-deal-wont-hurt-rivals/ Wed, 03 Aug 2022 02:28:00 +0000 https://upbeetcommunications.com/change-ceo-says-unitedhealth-deal-wont-hurt-rivals/ By Bryan Koenig (August 2, 2022, 10:28 p.m. EDT) – The CEO of Change Healthcare testified Tuesday as part of the US Department of Justice’s efforts to preserve the value of the healthcare technology company as a “independent” source of health insurance claims given for insurance rivals UnitedHealth Group, only to repeatedly assert that the […]]]>
By Bryan Koenig (August 2, 2022, 10:28 p.m. EDT) – The CEO of Change Healthcare testified Tuesday as part of the US Department of Justice’s efforts to preserve the value of the healthcare technology company as a “independent” source of health insurance claims given for insurance rivals UnitedHealth Group, only to repeatedly assert that the agency’s challenge to the proposed $13.8 billion merger has it all wrong.

On day two of the 12-day trial in DC federal court, Change Healthcare CEO Neil de Crescenzo proved a difficult witness for the Justice Department, continually pushing back against government characterizations of his activities, documents of its board of directors and its relationships.

These characterizations are crucial for the government…

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Research: Rating Action: Moody’s assigns Baa1 to USD senior unsecured notes offered by Johnson Electric https://upbeetcommunications.com/research-rating-action-moodys-assigns-baa1-to-usd-senior-unsecured-notes-offered-by-johnson-electric/ Mon, 01 Aug 2022 03:25:58 +0000 https://upbeetcommunications.com/research-rating-action-moodys-assigns-baa1-to-usd-senior-unsecured-notes-offered-by-johnson-electric/ Hong Kong, 01 Aug 2022 — Moody’s Investors Service has assigned a Baa1 rating to the USD senior unsecured notes to be issued by Johnson Electric Holdings Limited (Baa1 stable). The rating outlook is stable. Johnson Electric plans to use the proceeds from the Notes to refinance existing debt and for general corporate purposes. RATINGS […]]]>

Hong Kong, 01 Aug 2022 — Moody’s Investors Service has assigned a Baa1 rating to the USD senior unsecured notes to be issued by Johnson Electric Holdings Limited (Baa1 stable).

The rating outlook is stable.

Johnson Electric plans to use the proceeds from the Notes to refinance existing debt and for general corporate purposes.

RATINGS RATIONALE

“Johnson Electric’s Baa1 ratings reflect the company’s position as a global specialist in electromechanical motion systems with a long history, as well as its low customer concentration and geographic diversification. In particular, its global manufacturing footprint helps mitigate operational disruptions caused by the coronavirus outbreak,” said Stephanie Lau, vice president and chief credit officer at Moody’s.

The ratings also reflect the company’s low leverage and excellent liquidity, supported by its prudent financial strategy.

These strengths are offset by the company’s moderate scale and profitability, as well as its strong focus on the motion subsystems product segment.

The proposed notes will lengthen Johnson Electric’s debt maturity profile and have no material impact on its credit metrics, as the company will use the majority of the proceeds to refinance existing debt.

Moody’s expects Johnson Electric’s adjusted debt/EBITDA to grow to around 1.6x-2.0x over the next 12-18 months, from 1.4x in fiscal 2022 ended 31 March, reflecting the pre-funding of its outstanding debt, the majority of which will not mature until July 2024. It also reflects our expectations of modest revenue growth in fiscal 2023 in an uncertain macroeconomic environment. However, we expect its leverage measure to improve towards around 1.1x once the outstanding offshore bonds of $300 million are redeemed by July 2024.

Also, its current net debt will likely revert to net cash as its moderate capital spending will result in positive free cash flow. This level of financial leverage provides adequate protection against temporary shocks.

Despite a slow recovery in global automotive production, Johnson Electric’s revenues will continue to show moderate annual growth over the next two years, supported by its ability to outperform the market and introduce new products.

FACTORS THAT MAY LEAD TO AN IMPROVEMENT OR DEGRADATION OF THE RATING

The stable outlook primarily reflects Moody’s expectation that Johnson Electric will preserve the strength of its balance sheet over the next 1-2 years, despite a temporary weakening in profitability.

Although an upgrade is currently unlikely, Moody’s would consider upgrading the ratings over time if Johnson Electric demonstrates (1) significant growth in scale and greater business diversification through higher contributions high in its industrial segment; (2) an EBITA margin maintained above 14%, which would reflect product leadership; (3) low debt leverage, with a debt/EBITDA ratio below 1.5x; and (4) strong liquidity.

Moody’s could downgrade ratings if (1) Johnson Electric’s sales weaken significantly; (2) its adjusted EBITA margin remains below 8%-9%; (3) its liquidity becomes insufficient; or (4) its debt/EBITDA increases to more than 2.0x on a sustainable basis.

The main methodology used in this rating is Automotive Suppliers published in May 2021 and available on https://ratings.moodys.com/api/rmc-documents/72204. Otherwise, please see the Scoring Methodologies page on https://ratings.moodys.com for a copy of this methodology.

Johnson Electric Holdings Limited was established in 1959 and listed on the Hong Kong Stock Exchange in 1984. It is a global leader in motion systems, which includes motors, solenoids, switches, flexible interconnects, pumps, actuators and powder metal components. The company had revenue of $3.4 billion in fiscal 2022.

REGULATORY INFORMATION

For details on key rating assumptions and Moody’s sensitivity analysis, see the Methodological Assumptions and Sensitivity to Assumptions sections in the Disclosure Form. Moody’s rating symbols and definitions can be found at https://ratings.moodys.com/rating-definitions.

For ratings issued on a program, series, category/class of debt or security, this announcement provides certain regulatory information regarding each rating of a subsequently issued bond or note of the same series, category/class of debt, security or under a program for which ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a media provider, this announcement provides certain regulatory information relating to the credit rating action on the media provider and each particular credit rating action for securities whose credit ratings are derived from the support provider’s credit rating. For the provisional ratings, this press release provides certain regulatory information relating to the provisional rating assigned, and to a final rating that may be assigned after the final issuance of the debt, in each case where the structure and conditions of the transaction n have not changed prior to the final rating being assigned in a way that would have affected the rating. For more information, please see the issuer/transaction page of the respective issuer at https://ratings.moodys.com.

For all relevant securities or rated entities receiving direct credit support from the lead entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action , the associated regulatory information will be that of the guarantor entity. Exceptions to this approach exist for the following information, if applicable to the jurisdiction: Ancillary services, Information to be provided to the rated entity, Information to be provided by the rated entity.

The rating has been communicated to the rated entity or its designated agent(s) and issued without modification as a result of such communication.

This rating is requested. Please refer to Moody’s Policy for the Designation and Assignment of Unsolicited Credit Ratings available on its website. https://ratings.moodys.com.

Moody’s considers a rated entity or its agent(s) to participate when they have an overall relationship with Moody’s. Unless otherwise specified in the Regulatory Disclosures as a non-participating entity, the rated entity is a participant and the rated entity or its agent(s) generally provide information to Moody’s for the purposes of its rating process. Please refer to https://ratings.moodys.com for regulatory information for each credit rating action, displayed on the issuer/deal page, and for Moody’s policy on designation of nonparticipating rated entities, displayed on https://ratings.moodys.com.

The regulatory information contained in this press release applies to the credit rating and, if applicable, the outlook or rating revision relating thereto.

Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis are available at https://ratings.moodys.com/documents/PBC_1288235.

The worldwide credit rating on this credit rating announcement has been issued by one of Moody’s affiliates outside the EU and is approved by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main. -le-Main 60322, Germany, in accordance with Article 4(3) of Regulation (EC) No 1060/2009 on credit rating agencies. Further information on the EU approval status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

The worldwide credit rating on this credit rating announcement has been issued by one of Moody’s affiliates outside the UK and is approved by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the United Kingdom. . Further information on the UK endorsement status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

Please see https://ratings.moodys.com for any updates on changes to the lead rating analyst and Moody’s legal entity that issued the rating.

Please see the issuer/transaction page at https://ratings.moodys.com for additional regulatory information for each credit rating.

The first name below is the primary rating analyst for this credit rating and the last name below is the person primarily responsible for approving this credit rating.

Stephanie Lau
VP – Senior Credit Officer
Corporate Finance Group
Moody’s Investors Service Hong Kong Ltd.
24/F One Pacific Place
88 Queens Road
Hongkong,
China (Hong Kong SAR)
JOURNALISTS: 852 3758 1350
Customer Service: 852 3551 3077

Chris Park
Associate General Manager
Corporate Finance Group
JOURNALISTS: 852 3758 1350
Customer Service: 852 3551 3077

Clement Cheuk Yiu Wong
Associate General Manager
Corporate Finance Group
JOURNALISTS: 852 3758 1350
Customer Service: 852 3551 3077

Release Office:
Moody’s Investors Service Hong Kong Ltd.
24/F One Pacific Place
88 Queens Road
Hongkong,
China (Hong Kong SAR)
JOURNALISTS: 852 3758 1350
Customer Service: 852 3551 3077

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IQVIA HOLDINGS INC. : Change of Directors or Principal Officers (Form 8-K) https://upbeetcommunications.com/iqvia-holdings-inc-change-of-directors-or-principal-officers-form-8-k/ Fri, 29 Jul 2022 20:18:06 +0000 https://upbeetcommunications.com/iqvia-holdings-inc-change-of-directors-or-principal-officers-form-8-k/ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The meeting of Keriann Cherofsky as Senior Vice President, Corporate Controller (Chief Accounting Officer) of the company IQVIA Holdings Inc. (the “Company”) today announced the appointment of Keriann Cherofsky as Senior Vice-President, Corporate Controller and […]]]>
Item 5.02        Departure of Directors or Certain Officers; Election of Directors; Appointment
                 of Certain Officers; Compensatory Arrangements of Certain Officers.


The meeting of Keriann Cherofsky as Senior Vice President, Corporate Controller (Chief Accounting Officer) of the company

IQVIA Holdings Inc. (the “Company”) today announced the appointment of Keriann Cherofsky as Senior Vice-President, Corporate Controller and Chief Accountant of the Company, effective August 1, 2022. Mrs Cherofsky, 38, brings 16 years of relevant experience to his new role. Of March 2019 at
August 2022, she held the position of assistant controller of the company. Of November 2015 at March 2019She lead SECOND reporting as Executive Director of JPMorgan Chase & Co. Prior to that, from September 2006she has held various positions of increasing responsibility in PricewaterhouseCoopers LLP banking insurance and capital markets practice, most recently as a senior director.

According to his offer, Ms Cherofsky will receive an annual base salary of $335,000with an annual incentive target of 50% of his base salary, subject to the terms of the Company’s annual incentive plan. Mrs Cherofsky will also receive a long-term incentive award with an aggregate grant date fair value of $285,000composed of performance shares which will be acquired over the period of three years from January 1, 2022 through December 31, 2024stock appreciation rights that vest pro rata on each of the first three anniversaries following the grant date, and restricted stock units that vest pro rata on each of the first three anniversaries following the grant date. grant date, subject to the terms and conditions of the Company’s 2017 Incentive and Share Grant Plan. Ms Cherofsky will also continue to be eligible to participate in the Company’s standard benefit plans WE in accordance with their terms.

On July 25, 2022, Emmanuel KorakisSenior Vice President, Corporate Controller and Treasurer, has informed the Company of his intention to leave the Company to become Chief Financial Officer of Presidio, Inc. Mr. Korakis’ the last day will be
July 31, 2022.

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Research: Rating Action: Moody’s assigns Baa3 filing rating to Gatehouse Bank for the first time, stable outlook https://upbeetcommunications.com/research-rating-action-moodys-assigns-baa3-filing-rating-to-gatehouse-bank-for-the-first-time-stable-outlook/ Mon, 25 Jul 2022 12:45:50 +0000 https://upbeetcommunications.com/research-rating-action-moodys-assigns-baa3-filing-rating-to-gatehouse-bank-for-the-first-time-stable-outlook/ London, July 25, 2022 — Moody’s Investors Service (“Moody’s”) today assigned Gatehouse Bank Plc (Gatehouse Bank) an inaugural Baa3/Prime-3 senior deposit rating in local and foreign currencies. At the same time, Moody’s assigned Baa2/Prime-2 ratings, counterparty risk (CRR) ratings, Baa1(cr)/Prime-2(cr) counterparty risk (CR) ratings, baa3 basic credit (BCA) and a baa3 BCA rating adjusted to […]]]>

London, July 25, 2022 — Moody’s Investors Service (“Moody’s”) today assigned Gatehouse Bank Plc (Gatehouse Bank) an inaugural Baa3/Prime-3 senior deposit rating in local and foreign currencies. At the same time, Moody’s assigned Baa2/Prime-2 ratings, counterparty risk (CRR) ratings, Baa1(cr)/Prime-2(cr) counterparty risk (CR) ratings, baa3 basic credit (BCA) and a baa3 BCA rating adjusted to the bank. The outlook for long-term deposit ratings is stable.

A full list of affected ratings can be found at the end of this press release.

RATINGS RATIONALE

ALLOCATION OF MCR AND ADJUSTED MCR

Gatehouse Bank’s baa3 BCA reflects the bank’s role as a growing Islamic-compliant bank in the UK. Its diverse customer base in many countries provides access to mortgages beyond the highly competitive UK market, while its asset management services support growth in fee income, supplementing income from the retail secured loan portfolio and recently launched asset-backed financing. The bank has a strong capital base, providing a strong loss-absorbing cushion, which Moody’s expects to maintain through planned capital injections. BCA is further supported by the bank’s good liquidity profile, which benefits primarily from retail deposit funding with moderate reliance on wholesale funding, as well as a liquidity facility from its largest shareholder, Kuwait Investment. Authority (KIA).

At the same time, the BCA is limited by the bank’s exposure to house price fluctuations, mitigated to some extent by cautious underwriting. In addition, the bank’s semi-international footprint, sometimes in economies with weaker creditworthiness than the UK, increases risks to borrowers’ debt servicing capacity. As a result, Moody’s uses a Strong’s weighted average macroeconomic profile to assess the bank’s operating environments, one notch below the UK’s Strong+. Moody’s is also applying a downward qualitative adjustment under Corporate Behavior due to the changing business model and the bank’s relatively short track record. Additionally, the rating agency applies a second downward qualitative adjustment under the business diversification factor reflecting that the bank is primarily a mortgage lender, making its sources of income highly correlated to the UK property market.

Governance is very relevant for all banks. Moody’s has no particular governance issues with Gatehouse Bank. Nonetheless, corporate governance remains a key consideration in credit and requires ongoing monitoring, as is the case for all financial institutions.

Moody’s assigns an adjusted BCA in line with the bank’s BCA reflecting the absence of a majority shareholder, resulting in the lack of affiliate support incorporated into the ratings.

ASSIGNMENT OF BANK LONG-TERM DEPOSIT RATINGS, CRRS AND CR ASSESSMENTS

Gatehouse Bank is domiciled in the United Kingdom, a jurisdiction subject to the UK implementation of the European Union’s Bank Recovery and Resolution Directive (BRRD), which Moody’s considers an operational resolution regime. Accordingly, the Bank’s Baa3 long-term deposit ratings reflect the adjusted BCA of baa3 and the application of Moody’s Advanced Loss Given Default (LGF) analysis to its liabilities.

Like other deposit-funded retail banks, Moody’s uses its standard assumptions, including 10% of deposits considered junior. Given the low volume of the junior deposit base and subordinated debt subject to bail-in, LGF analysis indicates that the bank’s deposits are likely to suffer moderate losses in the event of default. This does not result in any increase in adjusted BCA for that instrument. Moody’s assumption of a low likelihood of government support for the bank’s creditors, as the bank is not a systemically important institution, does not result in a rating upgrade.

Gatehouse Bank’s CRRs and its CR ratings are respectively one notch and two notches above the baa3 adjusted BCA, reflecting the loss-absorbing cushion in the event of default provided by more junior instruments.

FACTORS THAT MAY LEAD TO IMPROVEMENT OR DEGRADATION OF RATINGS

The improvement in long-term deposit ratings could be driven by an improvement in the bank’s BCA or as a result of a significant increase in its sources of bailout funding. An upgrade of the bank’s BCA could be triggered by an improvement in asset risk and profitability, as well as the realization of a longer operating history, product offering and expanded clientele.

A deposit rating downgrade could be driven by a downgrade in the bank’s BCA or as a result of a significant decrease in its sources of bail-in-able funding, currently provided by its non-retail deposits. A deterioration in the bank’s BCA could also be driven by a significant deterioration in its solvency and liquidity.

LIST OF AFFECTED RATINGS

Issuer: Gatehouse Bank Plc

..Assignments:

….Long-term counterparty risk ratings, assigned Baa2

….Short-term counterparty risk ratings, assigned P-2

….Long-term bank deposits, allocated Baa3, outlook Stable

….Short-term bank deposits, allocated P-3

….Assessment of long-term counterparty risk, assigned Baa1(cr)

….Assessment of short-term counterparty risk, assigned P-2(cr)

….Basic credit rating, assigned baa3

….Adjusted base credit rating, assigned baa3

..Outlook action:

….Outlook assigned Stable

MAIN METHODOLOGY

The main methodology used in these ratings is the Methodology for Banks published in July 2021 and available on https://ratings.moodys.com/api/rmc-documents/71997. Otherwise, please see the Scoring Methodologies page on https://ratings.moodys.com for a copy of this methodology.

REGULATORY INFORMATION

For details on key rating assumptions and Moody’s sensitivity analysis, see the Methodological Assumptions and Sensitivity to Assumptions sections in the Disclosure Form. Moody’s rating symbols and definitions can be found at https://ratings.moodys.com/rating-definitions.

For ratings issued on a program, series, category/class of debt or security, this announcement provides certain regulatory information regarding each rating of a subsequently issued bond or note of the same series, category/class of debt, security or under a program for which ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a media provider, this announcement provides certain regulatory information relating to the credit rating action on the media provider and each particular credit rating action for securities whose credit ratings are derived from the support provider’s credit rating. For the provisional ratings, this press release provides certain regulatory information relating to the provisional rating assigned, and to a final rating that may be assigned after the final issuance of the debt, in each case where the structure and conditions of the transaction n have not changed prior to the final rating being assigned in a way that would have affected the rating. For more information, please see the issuer/transaction page of the respective issuer at https://ratings.moodys.com.

For all relevant securities or rated entities receiving direct credit support from the lead entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action , the associated regulatory information will be that of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to the jurisdiction: Ancillary services, Disclosures to the rated entity, Disclosures to be provided by the rated entity.

The ratings have been communicated to the rated entity or its designated agent(s) and issued without modification resulting from such communication.

These notes are solicited. Please refer to Moody’s Policy for the Designation and Assignment of Unsolicited Credit Ratings available on its website. https://ratings.moodys.com.

The regulatory information contained in this press release applies to the credit rating and, if applicable, the outlook or rating revision relating thereto.

Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis are available at https://ratings.moodys.com/documents/PBC_1288235.

At least one ESG consideration was material to the announced credit rating metric(s) described above.

The worldwide credit rating on this credit rating announcement has been issued by one of Moody’s affiliates outside the EU and is approved by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main. -le-Main 60322, Germany, in accordance with Article 4(3) of Regulation (EC) No 1060/2009 on credit rating agencies. Further information on the EU approval status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

Please see https://ratings.moodys.com for any updates on changes to the lead rating analyst and Moody’s legal entity that issued the rating.

Please see the issuer/transaction page at https://ratings.moodys.com for additional regulatory information for each credit rating.

Arif Bekiroglu
Vice President – Senior Analyst
Financial Institutions Group
Moody’s Investors Service Ltd.
A square of Canada
Canary Wharf
London, E14 5FA
UK
JOURNALISTS: 44 20 7772 5456
Customer service: 44 20 7772 5454

Laurie Mayer
Associate General Manager
Financial Institutions Group
JOURNALISTS: 44 20 7772 5456
Customer service: 44 20 7772 5454

Release Office:
Moody’s Investors Service Ltd.
A square of Canada
Canary Wharf
London, E14 5FA
UK
JOURNALISTS: 44 20 7772 5456
Customer service: 44 20 7772 5454

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DOCUSIGN INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Officers and Directors of DocuSign, Inc. – DOCU https://upbeetcommunications.com/docusign-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-officers-and-directors-of-docusign-inc-docu/ Sat, 23 Jul 2022 02:50:00 +0000 https://upbeetcommunications.com/docusign-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-officers-and-directors-of-docusign-inc-docu/ NEW ORLEANS–(BUSINESS WIRE)–Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has opened an investigation into DocuSign, Inc. (NasdaqGS: DOCU). In December 2021, the company released its financial results for the third quarter of 2022, revealing a dramatic slowdown in billing […]]]>

NEW ORLEANS–(BUSINESS WIRE)–Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has opened an investigation into DocuSign, Inc. (NasdaqGS: DOCU).

In December 2021, the company released its financial results for the third quarter of 2022, revealing a dramatic slowdown in billing growth, constituting a 28% year-over-year decline, mainly due to lower asks as customers began returning to their offices and resumed in person. signature process, contrary to its earlier representations that pandemic-induced demand would be viable in the long term. Additionally, the company announced the departure of former chief financial officer Michael Sheridan, one of the key executives responsible for setting the company’s billing forecast at the start of the pandemic.

Subsequently, the Company and certain of its officers were sued in a securities class action lawsuit accusing them of failing to disclose material information during the Class Period in violation of federal securities laws. , which continue.

KSF’s investigation focuses on whether DocuSign’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that may help KSF in its investigation, or if you have been a long-time DocuSign stockholder and would like to discuss your legal rights, you may, at no obligation or cost to you, call toll-free 1-877-515-1850 or email Lewis Kahn, KSF Managing Partner (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-docu/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.

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Southside Bancshares, Inc. named one of America’s Top 25 Banks https://upbeetcommunications.com/southside-bancshares-inc-named-one-of-americas-top-25-banks/ Wed, 20 Jul 2022 20:30:00 +0000 https://upbeetcommunications.com/southside-bancshares-inc-named-one-of-americas-top-25-banks/ TYLER, Texas, July 20 12, 2022 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company of Southside Bank, has been named one of the “Top 25 Banks” in America by the bank’s chief . A recent study by RankingBanking analyzed the 300 largest publicly traded banks in the United States based on […]]]>

TYLER, Texas, July 20 12, 2022 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company of Southside Bank, has been named one of the “Top 25 Banks” in America by the bank’s chief . A recent study by RankingBanking analyzed the 300 largest publicly traded banks in the United States based on 2021 performance using key financial measures such as profitability, capital adequacy, asset quality and yield total for shareholders. Based on its strong performance for 2021, Southside landed in the top 25 of the Banking Managers list, released in July 2022.

“We are proud to be recognized as one of the Top 25 Banks by Bank Manager and among a list of elite banks across the United States,” said Lee R. Gibson, President and Chief management of Southside Bancshares, Inc. “Throughout our 60-year history, we have maintained a strong commitment to delivering excellence to our customers, communities and shareholders – this recognition is a reflection of that commitment.

Bank Director is a leading information resource for directors and officers of financial institutions nationwide.

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $7.12 billion in assets as of March 31, 2022. Through its wholly owned subsidiary, Southside Bank , Southside currently operates 56 branches and a network of 74 ATMs. / ITM in East Texas, Southeast Texas and the Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, cash management, wealth management, trust services, brokerage services and a range of online and mobile.

To learn more about Southside Bancshares, Inc., please visit our Investor Relations website at https://investors.southside.com. Our Investor Relations site provides a detailed overview of our business, financial information and historical stock price data. To receive email notification of company news, events and stock market activity, please sign up on the Email Notification portion of the website. Questions or comments can be directed to Lindsey Bailes at (903) 630-7965, or lindsey.bailes@southside.com.

Forward-looking statements

Certain statements other than historical fact contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be deemed “forward-looking statements” within the meaning and subject to them. safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and should not be relied upon as representing the views of management as of any future date. These statements may include words such as “expect”, “estimate”, “project”, “anticipate”, “appear”, “believe”, “could”, “should”, “may”, “could”. , ‘will’, ‘would’, ‘seek’, ‘intend’, ‘probability’, ‘risk’, ‘goal’, ‘target’, ‘objective’, ‘plan’, ‘potential’ and expressions similar. Forward-looking statements are statements regarding the beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance of the Company and are subject to important risks and uncertainties. known and unknown, which could affect the actual results of the Company. differ materially from the results discussed in the forward-looking statements. For example, discussions about the effect of our expansion, the benefits of the share buyback plan, trends in asset quality, capital, liquidity, the company’s ability to sell non-performing assets, expense reductions, expected operational efficiencies and growth benefits and certain market risk disclosures, including the impact of interest rates, tax reform, inflation, impacts related to or resulting from Russia’s invasion of Ukraine and other economic factors are based on information currently available to management and depend on choices regarding key model features and assumptions and are subject to various limitations. By their nature, certain market risk information is only an estimate and could differ materially from what actually occurs in the future. Accordingly, our results could differ materially from those estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements includes the continued impact of the COVID-19 pandemic and related variations on our business, financial condition, operations and our outlook, including our ability to continue our business operations in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in lower deposits and reduced loan originations, our ability to manage liquidity in a rapidly changing and unpredictable market environment, supply chain disruptions, labor shortages and interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy.

Additional information regarding the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, under “Part I – Point 1”. Forward-Looking Information” and in other filings by the Company with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or publicly announce the outcome of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

Contact: steven campbell
903.531.7158
steven.campbell@southside.com

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Law Firm Pomerantz Announces Class Action Filing https://upbeetcommunications.com/law-firm-pomerantz-announces-class-action-filing/ Mon, 18 Jul 2022 21:03:25 +0000 https://upbeetcommunications.com/law-firm-pomerantz-announces-class-action-filing/ NEW YORK, July 18 12, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against TG Therapeutics, Inc. (“TG Therapeutics” or the “Company”) (NASDAQ: TGTX) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York and registered […]]]>

NEW YORK, July 18 12, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against TG Therapeutics, Inc. (“TG Therapeutics” or the “Company”) (NASDAQ: TGTX) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York and registered as 22-cv-06106, is on behalf of a class consisting of all persons and entities other than defendants. who purchased or otherwise acquired TG Therapeutics securities between January 15, 2020 and May 31, 2022, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of federal securities and to seek remedies under sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its senior executives.

If you are a shareholder who purchased or otherwise acquired securities of TG Therapeutics during the class period, you have until September 16, 2022 to ask the court to name you as the lead plaintiff in the class. A copy of the complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those making inquiries by email are encouraged to include their mailing address, phone number and number of shares purchased.

[Click here for information about joining the class action]

TG Therapeutics, a commercial-stage biopharmaceutical company, is focused on acquiring, developing and commercializing novel treatments for B-cell malignancies and autoimmune diseases. The Company’s therapeutic product candidates include Ublituximab, an investigational genetically engineered monoclonal antibody for the treatment of B-cell non-Hodgkin’s lymphoma, chronic lymphocytic leukemia (“CLL”) and relapsing forms of multiple sclerosis; and Umbralisib, or UKONIQ, an oral PI3K-delta and CK1-epsilon inhibitor for the treatment of CLL, marginal zone lymphoma, and follicular lymphoma.

In January 2020, TG Therapeutics initiated an ongoing New Drug Application (“NDA”) submission to the U.S. Food and Drug Administration (“FDA”), seeking expedited approval of Umbralisib as a treatment for patients with previously treated marginal zone lymphoma (“MZL”) and follicular lymphoma (“FL”) (the “Umbralisib MZL/FL NDA”).

In December 2020, TG Therapeutics initiated a continuing Biologics License Application (“BLA”) submission to the FDA for Ublituximab in combination with Umbralisib (together, “U2”), as a treatment for patients with CLL (the “U2 BLA”).

In May 2021, TG Therapeutics submitted a Supplemental New Drug Application (“sNDA”) for Umbralisib to add an indication for CLL and small lymphocytic lymphoma (“SLL”) in combination with Ublituximab (the “sNDA U2”).

In September 2021, TG Therapeutics submitted a BLA to the FDA for Ublituximab as a treatment for patients with relapsing forms of multiple sclerosis (“RMS”) (the “Ublituximab RMS BLA”).

The Complaint alleges that throughout the Class Period, the Defendants made materially false and misleading statements regarding the company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) clinical trials revealed significant concerns related to the benefit/risk ratio and overall survival data of Ublituximab and Umbralisib; (ii) therefore, it was unlikely that the Company would be able to obtain FDA approval for Umbralisib MZL/FL NDA, U2 BLA, U2 sNDA or Ublituximab RMS BLA in their current forms; (iii) as a result, the Company had significantly overestimated the clinical and/or commercial prospects of Ublituximab and Umbralisib; and (iv) as a result, the Company’s public statements were materially false and misleading at all material times.

On November 30, 2021, TG Therapeutics issued a press release “announcing[ing] the U.S. Food and Drug Administration (FDA) has informed the company that it plans to hold an Oncology Drug Advisory Committee (ODAC) meeting as part of its review of the Biologics License Application ( BLA)/Supplemental New Drug Application (sNDA) for the combination of ublituximab and UKONIQ® (umbralisib) (combination referred to as U2) for the treatment of adult patients with chronic lymphocytic leukemia (CLL) and small lymphocytic lymphoma (SLL). TG Therapeutics stated that “[t]The FDA has informed the company that potential issues and discussion topics for the ODAC include: the benefit-risk ratio of U2 combination in the treatment of CLL or LLS, and the benefit-risk ratio of UKONIQ in relapsed/refractory marginal zone lymphoma (MZL) or follicular lymphoma (FL). Additionally, as part of the benefit-risk analysis, the overall safety profile of the U2 regimen, including adverse events (serious and grade 3-4), discontinuations due to adverse events, and dose modifications , should be reconsidered. indicating that “[t]The FDA concern that prompted the ODAC meeting appears to stem from an early overall survival analysis of the UNITY-CLL trial.

On this news, TG ‘Therapeutics’ stock price fell $8.16 per share, or 34.93%, to close at $15.20 per share on November 30, 2021.

Then, on April 15, 2022, TG Therapeutics issued a press release “announcing[ing] that the Company has voluntarily withdrawn the pending Biologics License Application (BLA)/supplemental New Drug Application (sNDA) for the combination of ublituximab and UKONIQ® (umbralisib) (combination called U2) for the treatment of adult patients with chronic lymphocytic leukemia (CLL) and small lymphocytic lymphoma (SLL). The press release stated that “[t]The decision to withdraw was based on recently updated overall survival (OS) data from the Phase 3 UNITY-CLL trial which showed an increasing OS imbalance.

On this news, TG Therapeutics’ stock price fell $1.93 per share, or 21.81%, to close at $6.92 per share on April 18, 2022.

Then, on May 31, 2022, TG Therapeutics issued a press release announcing that the FDA had extended the prescription drug user fee law date for ublituximab until December 28, 2022 “to allow time to review a submission provided by the company in response to an FDA request.” request for information, which the FDA considered a major amendment.

On this news, TG Therapeutics’ stock price fell $0.75 per share, or 14.51%, to close at $4.42 per share on May 31, 2022.

Finally, on June 1, 2022, the FDA announced that due to safety concerns, it had withdrawn its approval for Umbralisib for the treatment of MZL and FL. Specifically, the FDA provided that “[u]updated results from the UNITY-CLL clinical trial continued to show an increased risk of death in patients receiving [UKONIQ]. Accordingly, we have determined the risks of treatment with [UKONIQ] outweigh its benefits.

On this news, TG “Therapeutics” stock price fell $0.51 per share, or 11.53%, to close at $3.91 per share on June 1, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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