Last C$2.26 CAD
Change Today 0.00 / 0.00%
Volume 21.9K
AM On Other Exchanges
As of 4:13 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

automodular corp (AM) Snapshot

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52 Week High
01/28/14 - C$2.50
52 Week Low
08/2/13 - C$1.65
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Current Stock Chart for AUTOMODULAR CORP (AM)

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automodular corp (AM) Details

Automodular Corporation, together with its subsidiaries, is engaged in the sequencing and sub-assembly of modules for installation in cars and trucks. The company offers various sequenced sub-assembled modules, such as an instrument panel, power pack, and rear suspension; front corner and front center suspensions; and front strut and bolsters. It also provides transportation and logistics services. In addition, the company is engaged in the sub-assembly and warehousing of wind turbine components for the renewable energy industry. It primarily serves original equipment manufacturers. The company was formerly known as Algonquin Mercantile Corporation and changed its name to Automodular Corporation in June 2001. Automodular Corporation was founded in 1957 and is headquartered in Ajax, Canada.

525 Employees
Last Reported Date: 04/14/14
Founded in 1957

automodular corp (AM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$301.4K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$177.0K
Vice President of Operations
Total Annual Compensation: C$226.1K
Vice-President of Business Development
Total Annual Compensation: C$201.0K
Vice President of Program Launches
Total Annual Compensation: C$201.0K
Compensation as of Fiscal Year 2013.

automodular corp (AM) Key Developments

Automodular Corporation Approves the Amendments to By Law No. 1

Automodular Corporation announced that, at its May 8, 2014 annual and special shareholders' meeting, the shareholders approved the reduction of the stated capital of its common shares by $19,378,904. The reduction was not accompanied by a distribution to shareholders. The Board of Directors believes that the reduction of stated capital will provide the Corporation more flexibility in managing its capital structure on a going forward basis. The reduction in stated capital became effective immediately upon approval by the shareholders. The shareholders also confirmed certain amendments to the indemnification provisions in Article 6 of By-Law No. 1, a by-law relating generally to the transaction of business and affairs of the corporation. Article 6 deals with the protection of officers and directors and the purpose of the amendments is to provide certainty to the officers and directors of the corporation as to their right to be indemnified by the corporation against costs, charges and expenses reasonably incurred by them in proceedings in which they become involved because of their association with the corporation.

Automodular Corporation Declares Regular Quarterly Dividend, Payable on June 5, 2014

The Board of Directors of Automodular Corp. has declared a regular quarterly dividend of $0.06 payable on June 5, 2014 to shareholders of record as at May 22, 2014.

Automodular Corporation Reports Earnings Results for First Quarter Ended March 31, 2014

Automodular Corporation reported earnings results for the first quarter ended March 31, 2014. The company reported net earnings of CAD 3.2 million or CAD 0.16 per share on sales of CAD 19.5 million compared to CAD 3.6 million or CAD 0.18 per share on sales of CAD 21.8 million in the same period in 2013. Earnings before income taxes were CAD 4.27 million, compared to CAD 4.94 million for the same quarter ended March 31, 2013.


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