Last 40.00 GBp
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As of 12:00 PM 09/26/14 All times are local (Market data is delayed by at least 15 minutes).

armor designs inc (ADID) Snapshot

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40.00 GBp
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01/17/14 - 115.00 GBp
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07/14/14 - 30.00 GBp
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armor designs inc (ADID) Details

Armor Designs, Inc., together with its subsidiaries, is engaged in the research, testing, development, and commercialization of composite armor products to serve the military, government, and commercial sectors. It develops composite armor products in personal body armor, rotorcraft, vehicle armor, and infrastructure armor areas. The company sells its products through third party distributors or resellers worldwide. The company was incorporated in 2006 and is headquartered in Phoenix, Arizona. Armor Designs, Inc. operates as a subsidiary of Hawthorne & York International, Ltd.

Founded in 2006

armor designs inc (ADID) Top Compensated Officers

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armor designs inc (ADID) Key Developments

Armor Designs Appoints Directors and Members of the Board of Directors

Armor Designs, Inc. announced the appointment of Jim Afinowich, Rick Sander, Tony Celeste, Roger Derse, and Michael G. Smith as Director and member of the Board of Directors.

Armor Designs Provides Update on Litigation Currently Pending Before the Court of Chancery of the State of Delaware

Armor Designs, Inc. provided an update on litigation currently pending before the Court of Chancery of the State of Delaware. Following a hearing held on November 7, 2014, the Court preliminarily declined to validate a written consent executed by the company's former Chairman of the Board and Chief Executive Officer, James St. Ville, acting through his wholly-owned company Hawthorne & York International Ltd, to remove the incumbent board of directors and to appoint seven new board members. Under consideration by the Court is the validity of St. Ville's actions taking in to account the terms of a "Relationship Agreement" entered into by St. Ville, HYI and the company in December 2007. The Court concluded that the Relationship Agreement contractually binds St. Ville in a way that limits his ability to act as controlling stockholder, and thereby has encouraged investors who relied on its precepts to buy stock and know that they would not be subject to certain control actions by St. Ville. The Court reserved its decision as to the applicability of the Relationship Agreement to invalidate St. Ville's action because the record is devoid of whether St. Ville reasonably believed the action to be in the best interest of the company and its shareholders as a whole. A further hearing is expected to occur but no timetable has yet been set.

Armor Designs, Inc. Announces Organizational Changes

Armor Designs, Inc. announced recent organizational changes. Dr. Subramaniam Rajan, currently a professor and Director of Civil and Environmental Engineering at Arizona State University (ASU), has joined Armor Designs as Director of Research and Development. The company has also reinstated Ms. Ruth Covey as Senior Director of Operations.


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