Last $28.50 USD
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As of 8:10 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

portsmouth square inc (PRSI) Snapshot

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06/17/14 - $35.00
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portsmouth square inc (PRSI) Details

Portsmouth Square, Inc., through its general and limited partnership interest in Justice Investors Limited Partnership, owns and operates a hotel under the Hilton name in San Francisco, California. Its hotel property consists of approximately 543 rooms and related facilities, including a 5 level underground parking garage. The company was incorporated in 1967 and is based in Los Angeles, California. Portsmouth Square, Inc. is a subsidiary of Santa Fe Financial Corporation.

2 Employees
Last Reported Date: 09/29/14
Founded in 1967

portsmouth square inc (PRSI) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $159.0K
Compensation as of Fiscal Year 2014.

portsmouth square inc (PRSI) Key Developments

Portsmouth Square Inc. announced delayed 10-Q filing

On 05/14/2014, Portsmouth Square Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Portsmouth Square Approves Amendment to its By-Laws

Portsmouth Square Inc. announced at the Annual Meeting held on February 20, 2014 has approved an amendment to the company's by-laws changing the number of directors from five to a range of three to seven.

Evon Corporation Files Complaint in the Superior Court of the State of California, County of San Francisco, Against Justice Investors, Portsmouth Square, Inc. and Geoffrey M. Palermo

On February 13, 2014, Evon Corporation filed a complaint in the Superior Court of the State of California, County of San Francisco, against Justice Investors, Portsmouth Square Inc. and Geoffrey M. Palermo. Mr. Palermo is the Managing Director of Justice and the Assistant Secretary of Portsmouth. The complaint claims breach of contract and breach of the implied covenant of good faith and fair dealing against Justice; breach of fiduciary duties against Portsmouth; conversion and securities fraud in violation of 15 U.S.C. 8(j) against Justice and Portsmouth; and intentional interference with prospective economic advantage, negligent interference with prospective economic advantage and fraud/concealment against Justice, Portsmouth and Mr. Palermo. The complaint arises out of the redemption by Justice of limited partnership interests in Justice held by parties other than Portsmouth as described in Intergroup Corp.'s Form 8-K dated December 13, 2013 and the payment of a transfer tax in the amount of $4,658,048.55 assessed by the City of San Francisco. Portsmouth was served with a copy of the complaint on February 20, 2014. Neither Justice nor Mr. Palermo has been served in this matter. Intergroup Corp. believes the allegations and claims are without merit and will vigorously defend this complaint; however, no prediction can be given as to the ultimate outcome of this matter.


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