Last $0.41 USD
Change Today -0.0399 / -8.87%
Volume 6.6K
SCIO On Other Exchanges
Symbol
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OTC BB
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

scio diamond technology corp (SCIO) Key Developments

Scio Diamond Technology Corporation announced delayed annual 10-K filing

On 06/27/2014, Scio Diamond Technology Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Scio Diamond Technology Corporation Announces Executive Changes

Scio Diamond Technology Corporation announced further restructuring of its Board of Directors. Effective immediately, Edward Adams, Scio's Co-Chairman and co-founder has resigned from the company's Board of Directors as have fellow Directors, Robert Linares (principal inventor of the technology), Theodorus Strous, and Gerald McGuire. Additionally, effective immediately, the company announce the addition of Mr. Bernard McPheely, Mr. Ben Wolkowitz, Mr. Lewis Smoak and Mr. Karl Leaverton to the company's Board of Directors. Mr. James Korn, the Board's current Secretary and Bruce Likly will remain on the Board.

Scio Diamond Technology Corporation Announces Management Changes

Scio Diamond Technology Corporation announced the appointment of Gerald McGuire, a consultant and current member of Scio's Board of Directors, as the Company's interim Chief Executive Officer. The appointment reflects the Board's desire for greater accountability, in-house manufacturing expertise and improvements in company performance as well as increased and improved shareholder communications. Mr. McGuire's appointment follows the decision of the Board of Directors to dismiss Michael McMahon as Chief Executive Officer. The Company has also dismissed Jonathan Pfohl as Chief Financial Officer and named Douglas Walker, also a consultant to the Company, to that position in an interim capacity. Additionally, the Company has added Michael Laub, a consultant specializing in restructuring, to the management team. McGuire brings over 25 years of semiconductor industry experience to Scio. The semi-conductor industry is expected to be a strong growth area for Scio in the years ahead. Mr. McGuire was most recently a Senior Vice President and General Manager of the Low-Voltage and Mid Power Analog Business at Fairchild Semiconductor. Prior to Fairchild Semiconductor, Mr. McGuire was the VP/GM of the Digital Signal Processing business at Analog Devices. He spent 23 years at Analog Devices in various technical, marketing and business roles. His specialties range broadly including: product development, strategy, marketing and branding.

Bruce Likly to Join the Board of Scio Diamond Technology Corporation

Scio Diamond Technology Corporation announced that Bruce Likly will join the Board effective immediately and become and share Co-Chairman responsibilities with Edward Adams.

Scio Diamond Technology Corporation Appoints Gerald McGuire and James Korn as New Independent Directors

Scio Diamond Technology Corporation announced the appointment of Mr. Gerald McGuire and Mr. James Korn as new independent members of the company's board of directors. Mr. McGuire brings over twenty-five years of semiconductor industry experience to the company. James A. Korn currently serves as the Chief Executive Officer of Temp-Air Inc.

 

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Valuation SCIO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 20.7x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 19.4x
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