April 16, 2014 12:50 AM ET

Specialty Retail

Company Overview of Midas, Inc.

Company Overview

Midas, Inc. provides retail automotive services principally through franchised, company-operated, or licensed shops primarily in the United States, Canada, and Europe. The company sells Midas, SpeeDee and Midas-SpeeDee co-branded franchises. Its retail shops offer exhaust, brake, suspension, air conditioning, tires, batteries, and various other maintenance services. As of December 31, 2011, the company operated the Midas network of 1,484 franchised and company-operated shops located in the United States and 9 Canadian provinces; the SpeeDee network of franchised and company-operated shops consisting of 103 shops in located in 10 states in the United States; and 775 Midas shops licensed in 12...

1300 Arlington Heights Road

Itasca, IL 60143

United States

Founded in 1954

765 Employees

Phone:

630-438-3000

Fax:

630-438-3015

Key Executives for Midas, Inc.

President and Chief Executive Officer
Age: 65
Chief Financial Officer
Chief Operating Officer and Executive Vice President
President of Owned Retail Store Division
Senior Vice President
Age: 47
Compensation as of Fiscal Year 2013.

Midas, Inc. Key Developments

Midas Inc. Announces Executive Changes; Amends Certificate of Incorporation

In connection with the Merger and as contemplated by the Merger agreement, all the directors of the Midas Inc.’s Board prior to the Merger voluntarily resigned from their positions with the company effective as of the effective time of the Merger on April 30, 2012. Pursuant to the terms of the Merger agreement, on April 30, 2012, Orland Wolford, the sole director of Acquisition Sub immediately prior to the effective time of the Merger, became the sole director of the company’s Board following the Merger. On May 3, 2012, TBC Corporation appointed Lawrence C. Day as the sole member of the company’s Board, and Orland Wolford ceased to be a member of the company’s Board. Following his appointment to the Board, Lawrence C. Day appointed Orland Wolford as the company’s President and Chief Executive Officer, Timothy J. Miller as the company’s Executive Vice President, Chief Financial Officer and Treasurer, Kyle Benko as the company’s Senior Vice President and Controller and N. William Ihnken as the company’s Executive Vice President and President and Chief Operating Officer of company-Owned Retail Store Division. The certificate of incorporation and the bylaws of the company were amended and restated in accordance with the terms of the Merger agreement.

Midas Inc.(NYSE:MDS) dropped from S&P 1000 Index

Midas Inc.(NYSE:MDS) dropped from S&P 1000 Index

Midas Inc.(NYSE:MDS) dropped from S&P SmallCap 600 Index

Midas Inc.(NYSE:MDS) dropped from S&P SmallCap 600 Index

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 4, 2013
30 Midas Outlets
 

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