cpi corp (CPICQ:OTC US)
cpi corp (CPICQ) Snapshot
|
Open
$0.01
|
Previous Close
$0.01
|
|
|
Day High
$0.01
|
Day Low
$0.01
|
|
|
52 Week High
06/20/12 - $0.30
|
52 Week Low
05/2/13 - $0.0010
|
|
|
Market Cap
72.0K
|
Average Volume 10 Days
8.1K
|
|
|
EPS TTM
$-8.50
|
Shares Outstanding
7.2M
|
|
|
EX-Date
12/16/11
|
P/E TM
--
|
|
|
Dividend
--
|
Dividend Yield
--
|
Related News
cpi corp (CPICQ) Related Businessweek News
No Related Businessweek News Foundcpi corp (CPICQ) Details
CPI Corp. provides professional portrait photography services for young children, individuals, and families. The company operates a network of 3,058 portrait studios principally under lease and license agreements with Walmart Stores, Inc., as well as under license agreements with Sears, Roebuck and Co.; and Toys R Us. The company’s PMPS brand focuses on the sales of packages and portrait collections; the SPS brand focuses on customized traditional portrait solutions; and the KKPS brand focuses on a variety of contemporary and traditional baby, young children, and family photographic styles. CPI Corp., through its subsidiary, Bella Pictures Holdings, LLC, also offers photographer services and products for wedding packages, as well as pre-wedding engagement photography and wedding videography services. In addition, it operates a network of Websites that serve as vehicles to archive, share portraits via email, and order additional portraits and products; a Website for Bella Pictures, which serves as a vehicle to reserve/book weddings, select specialized product offerings, and view/edit photographs and videos from the wedding day; and FotoNet.com photography deals program that offers program members special offers on studio and on-location photography, and a range of other specialized services and products. The company was founded in 1979 and is headquartered in St. Louis, Missouri. On May 1, 2013, CPI Corp., along with its affiliates, filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware.
cpi corp (CPICQ) Top Compensated Officers
cpi corp (CPICQ) Key Developments
CPI Corp. (OTCPK:CPIC.Q) sets the auction date and deadline for the assets sale. According to court documents, the sale deadline is set for June 21, 2013 and an auction is set to take place June 24, 2013. A hearing to consider the sale of CPI’s other assets is set for June 26, 2013 and closing is anticipated by July 15, 2013. Lifetouch Portrait Studio Inc. has entered into a stalking horse agreement to pay $3.3 million. Third-party bidders seeking to purchase CPI’s assets must bid at least $3.5 million, court documents said. The court approved a break-up fee for the sale of CPI’s assets. According to court documents, the fee is not to exceed 4% of the purchase price or $0.13 million.
On May 1, 2013 CPI Corp. announced that effective upon the appointment of a trustee by the Bankruptcy Court, the employment of James Abel, Interim President and Chief Executive Officer and Jane Nelson, Secretary and General Counsel terminated. Following the first meeting of creditors, Dale Heins and Rose O'Brien will resign their positions as Treasurer and Assistant Treasurer, respectively. On May 1, 2013 effective upon the appointment of a trustee by the Bankruptcy Court, all of the directors of the company (James Abel, David Meyer, Eric Salus, Michael Koeneke and Turner White) resigned as members of the company's Board of Directors. The company has no current members of the Board of Directors.
On 04/19/2013, CPI Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
| Recently Viewed | |||
| CPICQ:US | $0.01 USD | 0.00 |  |
| Company | Last | Change | |
| No competitor information is available for CPICQ. | |||
| View Industry Companies | |||
Industry Analysis
CPICQ
Industry Average
| Valuation | CPICQ | Industry Range |
| No financial data is available for CPICQ. | ||
Post a JobJobs
- Chicago, IL | DunnhumbyusaPosted: Jun 18
- Thomasville, GA | Flowers FoodsPosted: Jun 07
- San Francisco, CA | YelpPosted: Jun 06
- San Francisco, CA | PeoplematterPosted: Jun 06
Sponsored Financial Commentaries
Sponsored Links
To contact CPI CORP, please visit www.cpicorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
