Last $0.15 USD
Change Today -0.01 / -6.25%
Volume 500.0
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As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

rainmaker systems inc (RMKR) Key Developments

Rainmaker Systems Inc. Announces Management Changes

Effective July 15, 2014, Rainmaker Systems Inc. announced that Donald Massaro resigned from the board of directors of the company and stepped down as President and Chief Executive Officer of the company. The Board of Directors has initiated a search for a new CEO to succeed Mr. Massaro. Effective July 15, 2014, the Board named James Hopkins, a current member of the Board, as interim President and CEO while the search for a new CEO is concluded. In addition, effective July 15, 2014, the Board appointed Mr. Hopkins as Chairman of the Board and to its Governance and Nominating Committee as its Chair. Mr. Hopkins will not receive any additional compensation for his service as interim President and CEO. Effective July 15, 2014, Bradford Peppard, the Company's Executive Vice President and Chief Financial Officer, resigned from the Board. On July 15, 2014, Mr. Peppard also agreed to resign as Executive Vice President and Chief Financial Officer of the Company, effective as of a future date to be determined. The Board intends to continue to retain the services of Mr. Peppard as Executive Vice President and Chief Financial Officer until such time as his replacement is appointed in order to provide for a smooth transition of that role.

Rainmaker Systems Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Rainmaker Systems Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $4,126,000 compared to $4,656,000 a year ago. Operating loss was $2,204,000 against $3,552,000 a year ago. Loss before income tax expense was $2,286,000 against $3,420,000 a year ago. Net loss from continuing operations was $2,313,000 against $3,450,000 a year ago. Net loss was $2,313,000 against $3,294,000 a year ago. Net loss from continuing operations basic and diluted per share was $0.06 against $0.12 per share a year ago. Net cash provided by operating activities was $817,000 against $1,312,000 a year ago. Purchases of property and equipment were $249,000 against $352,000 a year ago.

Rainmaker Systems Inc. to Report Q1, 2014 Results on May 15, 2014

Rainmaker Systems Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 15, 2014

Rainmaker Systems Inc., Q1 2014 Earnings Call, May 15, 2014

Rainmaker Systems Inc., Q1 2014 Earnings Call, May 15, 2014

Rainmaker Systems, Inc. Appoints Marcum LLP as Independent Registered Public Accounting Firm

On May 1, 2014, the audit committee of the board of Rainmaker Systems Inc. approved the engagement of Marcum LLP as the company's independent registered public accounting firm.

 

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