rock tenn company -cl a (RKT) Key Developments
RockTenn Co. to Close Grand Prairie Facility and to Lay Off 66 Workers from April 25, 2014
Mar 3 14
The RockTenn Co. is closing its Grand Prairie facility and will lay off 66 workers beginning April 25, 2014. The closure was announced to city and state officials in a letter sent under the Worker Adjustment and Retraining Notification Act. The Grand Prairie container plant will cease operations and terminate all employees on April 25, 2014, or within a 14-day period beginning on this date.
Rock-Tenn Company Presents at JPMorgan Aviation, Transportation & Defense Conference, Mar-11-2014 03:30 PM
Feb 25 14
Rock-Tenn Company Presents at JPMorgan Aviation, Transportation & Defense Conference, Mar-11-2014 03:30 PM. Venue: Westin Grand Central Hotel, New York, New York, United States. Speakers: Steven C. Voorhees, Chief Executive Officer, Director and Member of Executive Committee.
Rock-Tenn Company Proposes to Approve Restated and Amended Articles of Incorporation
Feb 6 14
Rock-Tenn Company proposed to approve restated and amended articles of incorporation for the company to provide that all directors elected at or after the annual meeting of shareholders held in 2015 be elected on an annual basis and to consolidate other amendments that were previously made to the articles of incorporation, at the AGM to be held on January 31, 2014.
RockTenn Declares Dividend on its Class A Common Stock, Payable on February 24, 2014
Jan 31 14
RockTenn reported that its Board of Directors declared a dividend of $0.35 per share on its Class A Common Stock to shareholders of record at the close of business on February 11, 2014. The dividend, which will be paid on February 24, 2014, represents an annual dividend rate of $1.40 per share.
Rock-Tenn Announces Earnings Guidance for Second Quarter and Full Year of Fiscal Year Ending September 2014
Jan 29 14
Rock-Tenn announced earnings guidance for second quarter and full year fiscal year of ending September 2014. For the year the company forecast free cash flow around $13 to $14 a share, up from a previous forecast of $12.50 to $13.50. The company expected effective tax rate for the December quarter was 35.8%, within normal range of 35% to 37%. Expected a book tax rate for the second quarter in fiscal 2014 of approximately 35% to 37%. The company continue to expect that capital expenditures will be in the range of $525 million to $550 million for fiscal year 2014.