Last $8.80 USD
Change Today +0.06 / 0.69%
Volume 42.4K
JASN On Other Exchanges
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NASDAQ CM
As of 5:20 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

jason industries inc (JASN) Key Developments

Jason Industries, Inc. Announces Quarterly Cash Dividend on Preferred Stock, Payable on October 1, 2014

Jason Industries, Inc. announced that its Board of Directors has declared a quarterly cash dividend payment on the company's 8.0% Series A Convertible Perpetual Preferred Stock. The dividend on the Series A Preferred Stock will be payable on October 1, 2014, to holders of record at the close of business on August 15, 2014. The quarterly payment will be $20.2222222 per share.

Jason Industries Mulls Acquisitions

Jason Industries, Inc. (NasdaqCM:JASN) is seeking acquisitions. David Westgate, Chief Executive Officer of Jason said, "We remain excited about our opportunities and are committed to utilizing the Jason Business System to drive revenue growth and margin expansion, and to identify attractive acquisition opportunities."

Jason Industries, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 27, 2014

Jason Industries, Inc. announced unaudited earnings results for the second quarter and six months ended June 27, 2014. For the quarter, the company reported operating loss of $5.19 million, pre-tax loss of $5.16 million, net loss of $5.16 million, net loss attributable to common shareholders of controlling interest of $5.16 million or diluted loss per share of $0.61.

Jason Industries, Inc. Announces Amendments to Bylaws

On June 30, 2014, the Jason Industries, Inc.'s bylaws were amended and restated pursuant to the closing of the Business Combination. The Amended and Restated Bylaws make certain changes to the prior bylaws. The Amended and Restated Bylaws provide, among other things: that special meetings of the stockholders may only be called in the manner provided in the Company's certificate of incorporation; that a majority of the total number of directors then in office shall constitute a quorum; that the board of directors may designate committees; that transfers and registration of shares is subject to the provisions of the certificate of incorporation; that the board of directors make determinations with regard to inspection of the Company's books and records by stockholders, subject to the rights conferred by the laws of the State of Delaware; and that the bylaws may only be modified in accordance with the Company's certificate of incorporation.

Jason Industries, Inc. Announces Auditor Changes

Jason Industries, Inc. announced that in connection with the closing of the Business Combination, The company expects to engage PricewaterhouseCoopers, LLP as the Company's independent registered public accounting firm to audit the combined company's financial statements. PwC served as the independent registered public accounting firm of Jason prior to the Business Combination, and in connection with the closing of the Business Combination the board of directors approved the change of accountants to PwC. Accordingly, as of June 30, 2014, Rothstein Kass, Quinpario's independent accountant prior to the Business Combination, was informed that it will be dismissed as independent accountant following consummation of the Business Combination.

 

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