css industries inc (CSS) Key Developments
CSS Industries, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2014
Jul 29 14
CSS Industries Inc. announced the declaration of a quarterly dividend of 15 cents per share on its outstanding shares of Common Stock. This dividend will be payable on September 15, 2014 to stockholders of record at the close of business on September 2, 2014.
CSS Industries Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014
Jul 29 14
CSS Industries Inc. reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. Sales for the first quarter of fiscal 2015 increased 2.4% to $48,257,000 from $47,117,000 in the first quarter of fiscal 2014. Sales in the first quarter of fiscal 2015 include $615,000 due to the acquisition by the Company's Berwick Offray LLC subsidiary of the assets and business of Carson & Gebel Ribbon Co., LLC as announced on May 19, 2014. Sales in the first quarter of fiscal 2014 include $517,000 of sales from the Halloween portion of the Company's Paper Magic Group Inc. business, which was sold in September 2012. The balance of the net sales increase was due to the earlier shipment of back-to-school products. The loss before income taxes for the first quarter of fiscal 2015 was $2,058,000 compared to $2,571,000 in the first quarter of fiscal 2014. The net loss for the first quarter of fiscal 2015 was $1,325,000, or $0.14 per basic and diluted share, versus $1,667,000, or $0.18 per basic and diluted share, in the first quarter of fiscal 2014.
CSS Industries Inc., Annual General Meeting, Jul 29, 2014
Jun 19 14
CSS Industries Inc., Annual General Meeting, Jul 29, 2014., at 09:30 Eastern Daylight. Location: The Rittenhouse. Agenda: To elect a board of seven directors; to ratify the selection of KPMG LLP as the independent registered public accounting firm for company and its subsidiaries for the fiscal year ending March 31, 2015; to approve, on an advisory basis, the compensation paid to named executive officers for the fiscal year ended March 31, 2014; and to transact any other business that may properly be presented at the annual meeting.
CSS Industries Inc. Announces Amendments to Its Bylaws
May 23 14
On May 20, 2014, CSS Industries Inc. announced that its board amended its bylaws to change the age limitation applicable to service on its board from 76 years of age to 77 years of age for directors other than the director serving as Chairman. The amendment changed the second sentence of Section 4.03 of bylaws to read as follows: No director, other than a director serving as chairman of the board of directors, shall be qualified to stand for re-election or otherwise continue to serve as a member of the board of directors past the date of the Annual Meeting of Stockholders of the corporation occurring in the calendar year in which such director reaches or has reached his or her seventy-seventh birthday.
CSS Industries Inc. Declares Quarterly Cash Dividend, Payable on June 16, 2014
May 20 14
CSS Industries Inc. announced the declaration of a quarterly dividend of 15 cents per share on its outstanding shares of Common Stock. This dividend will be payable on June 16, 2014 to stockholders of record at the close of business on June 4, 2014.