Last $0.20 USD
Change Today +0.0037 / 1.90%
Volume 493.7K
XIDEQ On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

exide technologies (XIDEQ) Snapshot

Open
$0.20
Previous Close
$0.20
Day High
$0.20
Day Low
$0.19
52 Week High
09/20/13 - $0.59
52 Week Low
04/9/14 - $0.15
Market Cap
15.7M
Average Volume 10 Days
303.9K
EPS TTM
$-1.54
Shares Outstanding
79.1M
EX-Date
--
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for EXIDE TECHNOLOGIES (XIDEQ)

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exide technologies (XIDEQ) Details

Exide Technologies manufactures and supplies lead-acid batteries for transportation and industrial applications worldwide. It operates in four segments: Transportation Americas, Transportation Europe and Rest of World (ROW), Industrial Energy Americas, and Industrial Energy Europe and ROW. The company’s transportation batteries include starting, lighting, and ignition batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications, such as micro-hybrids under the Exide, Exide Extreme, Exide NASCAR Select, Centra, DETA, Orbital, Fulmen, and Tudor brands, as well as under the private labels. Its industrial batteries comprise motive power batteries, which are used in the material handling industry for electric forklift trucks, as well as in other industries, such as floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and the electric road vehicles market; and battery chargers and related equipment for the operation and maintenance of battery-powered vehicles. In addition, the company provides network power batteries that are used to provide back-up power for use with telecommunications systems, computer installations or data centers, hospitals, air traffic control systems, security systems, utilities, railway, and military applications under the Absolyte and Sonnenschein brands. Further, it recycles lead-acid batteries. Exide Technologies markets its transportation batteries to the retailers and distributors of replacement batteries and automotive original equipment manufacturers (OEM); and industrial batteries to OEM suppliers of lift trucks, industrial and warehousing companies, retail distributors, and manufacturers. The company was founded in 1888 and is headquartered in Milton, Georgia. On June 10, 2013, Exide Technologies filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

exide technologies (XIDEQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $435.0K
Executive Vice President and President of Exi...
Total Annual Compensation: $400.8K
Chief Restructuring Officer
Total Annual Compensation: $1.5M
Executive Vice President and General Counsel
Total Annual Compensation: $385.6K
Compensation as of Fiscal Year 2014.

exide technologies (XIDEQ) Key Developments

Exide Technologies Issues Layoff Notices to Employees at Vernon, California Recycling Facility

Exide Technologies issued layoff notices to certain employees at the company's recycling facility in Vernon, California. The layoffs will affect three salaried workers, along with 61 hourly employees who are members of the United Steel Workers Union, AFL-CIO, Local No. 675. These layoffs will be in effect until a decision is made about the future operations at the facility. In addition, Exide is postponing layoffs for 73 members of its Vernon workforce, which includes 21 salaried and 48 hourly employees, and four temporary workers. This group will remain on site to help manage the installation of the new equipment and develop enhanced operating, maintenance and environmental procedures to support a successful restart of the Vernon facility.

Exide Technologies Auditor Raises 'Going Concern' Doubt

Exide Technologies filed its 10-K on Jul 31, 2014 for the period ending Mar 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Exide Technologies' DIP Lenders Approve Amendments to DIP Financing Facilities

Exide Technologies has announced that, on July 22, 2014 and July 25, 2014, the company's DIP lenders approved two amendments to the company's debtor-in-possession financing facilities. The sixth amendment provides the company with $60 million in incremental liquidity to execute its business plan and meet working capital needs for the upcoming inventory build season. The amendment also extends the maturity date of the DIP Facilities to December 31, 2014, which would be effective upon the company's entry into a plan support agreement. The U.S. Bankruptcy Court for the District of Delaware entered the order approving the additional $60 million in liquidity to be provided under the sixth amendment on July 28, 2014. The company currently expects to obtain the additional funding this week. The seventh amendment, effective as of July 25, 2014, eliminates the date by which the company is required to file a plan of reorganization, providing the company additional flexibility to build consensus in completing POR negotiations with its creditor constituents. In particular, the company continues to advance negotiations of the previously announced non-binding proposal for a POR and preferred equity capital commitment received from the unofficial committee of senior secured note holders and intends to file a POR promptly following finalization of negotiations with its stakeholders. To provide maximum flexibility in its continued POR negotiations, the company intends to file a motion on or before July 31, 2014 seeking to extend the exclusive period in which to file a POR to December 10, 2014.

 

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