compuware corp (CPWR) Key Developments
Compuware Corporation Announces Amendments to Bylaws
Aug 6 14
At its regular meeting on March 28, 2014, the Board of Directors of Compuware Corporation adopted minor modifications to the Company's Bylaws. Section 5.05 was modified to eliminate the requirement that the Chairman of the Board also be the Company's chief executive officer. In addition, provisions relating to the Company's indemnification of directors and officers were modified to conform to Michigan law and Article X, relating to a rescinded provision of Michigan law, was deleted.
Compuware Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014
Jul 29 14
Compuware Corporation reported consolidated earnings results for the first quarter ended June 30, 2014. GAAP net income for the first quarter was $52,000, or $0.00 per diluted share, compared to $4.3 million, or $0.02 per diluted share in the year-ago period. Non-GAAP net income for the quarter was $11.3 million, or $0.05 per diluted share, compared to $16.5 million, or $0.07 per diluted share in the year-ago period. Net cash provided by operating activities was $22,064,000 against $28,650,000 a year ago. Purchase of Property and equipment was $2,189,000 against $1,667,000 a year ago.
Compuware Corporation to Report Q1, 2015 Results on Jul 29, 2014
Jul 23 14
Compuware Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014
Compuware Corporation Names Christopher O'Malley as President of Mainframe Operations, Effective from July 21, 2014
Jul 21 14
Compuware Corporation announced that it has appointed Christopher O'Malley President of Mainframe Operations effective July 21, 2014. In this role, O'Malley will oversee all facets of the business unit's operations, including customer support, product development and management, marketing and sales. Prior to joining Compuware, O'Malley was the CEO of VelociData. He was also the CEO of Nimsoft and held a variety of executive positions, including EVP of the Cloud Products & Solutions Business Line and EVP of the Mainframe business unit, at CA Technologies.
Compuware Corporation Adopts Minor Modifications to Article VI of Bylaws
Jul 11 14
At its regular meeting on May 22, 2014, the board of directors of Compuware Corporation adopted minor modifications to Article VI of the company's Bylaws, which contains provisions relating to the company's indemnification of directors and officers. The changes to Article VI were effective immediately and are summarized below. 1. The bylaws have been clarified to provide that, to the extent permitted by applicable law, the expenses incurred by a person to successfully enforce or establish rights to indemnification shall be considered expenses incurred in connection with the action, suit or proceeding. 2. The bylaws now provide that if a proceeding against a director or officer includes a claim against such director's or officer's spouse or other immediate family member(s), the company's indemnification will include the related claim against the spouse or family member if the related director or officer is entitled to indemnification. 3. The bylaws now include various provisions that (a) specify a presumption in favor of the director or officer with respect to the right to indemnification and the advancement of expenses, (b) place on the company the burden of proof that indemnification or advancement is not appropriate, and (c) specify various details, not previously included in the bylaws, regarding the application and operation of the indemnification provisions similar to those found in indemnification agreements. 4. The bylaws now require approval by the board of directors before the company can decline to purchase and maintain directors and officer’s liability insurance coverage with limits at least as favorable to directors and officers as in effect as of April 30, 2014.