Last $0.60 USD
Change Today -0.098 / -14.04%
Volume 22.9K
ZTHO On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 5:20 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

z-trim holdings (ZTHO) Snapshot

Open
$0.61
Previous Close
$0.70
Day High
$0.67
Day Low
$0.53
52 Week High
08/1/13 - $1.40
52 Week Low
05/12/14 - $0.46
Market Cap
23.8M
Average Volume 10 Days
15.3K
EPS TTM
$-0.23
Shares Outstanding
39.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for Z-TRIM HOLDINGS (ZTHO)

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z-trim holdings (ZTHO) Details

Z Trim Holdings, Inc. operates as an agricultural ingredient technology company worldwide. It develops products and processes that transform agricultural by-products into multi-functional ingredients used in food manufacturing and other industries. The company’s multi-functional food ingredients portfolio includes Corn Z Trim and Oat Z Trim. Its Z Trim is used by food manufacturers across various food categories, such as meats, sauces, soups, dressings, baked goods, fillings, toppings, prepared meals, dairy products, frozen handheld snacks, and pizza dough. The company offers its products through direct and brokered sales to food manufacturers, as well as small and mid size companies for packaged retail foods. Z Trim Holdings, Inc. distributes its products through a network of ingredient domestic and international distributors. Z Trim Holdings, Inc. was founded in 1994 and is based in Mundelein, Illinois.

21 Employees
Last Reported Date: 04/14/14
Founded in 1994

z-trim holdings (ZTHO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $150.0K
Chief Financial Officer, Chief Legal Officer,...
Total Annual Compensation: $136.0K
Compensation as of Fiscal Year 2013.

z-trim holdings (ZTHO) Key Developments

Z-Trim Holdings, Inc. Provides Sales Guidance for the Second Quarter of 2014

Z-Trim Holdings, Inc. provided sales guidance for the second quarter of 2014. For the period, the company estimates sales declined from approximately $382,127 in the second quarter of 2013 to $212,154, a decrease of 44%. The reason for the decline was twofold. First, for reasons other than Z Trim product performance, two customers elected to discontinue product lines that incorporated Z Trim ingredients. Second, two of larger customers determined that they had sufficient on-hand inventory so that they did not need to place additional orders in second quarter.

Z-Trim Holdings, Inc. Amends its Revolving Loan with Fordham Capital Partners, LLC to Increase the Principal Amount from $500,000 to $582,841.63

On July 16, 2014, Z-Trim Holdings, Inc. amended its revolving loan with Fordham Capital Partners, LLC to increase the principal amount from $500,000 to $582,841.63, evidenced by an Amended and Restated Equipment Revolving Note issued by the company to Fordham. The Note increased the required monthly payments of principal to $12,142.539 plus interest, commencing on July 24, 2014 and continuing until February 24, 2015, followed by a final balloon payment of the entire unpaid principal balance of the Note and all accrued and unpaid interest on March 24, 2015. The interest on the Note was increased to a fixed rate of 22% per annum. The Note may be prepaid in full at any time; provided that if the company prepays the Note prior to September 24, 2014, it must pay a prepayment penalty equal to the amount by which the aggregate interest that Fordham would have received on the Note during the Guaranteed Interest Period had there been no prepayment exceeds and the aggregate interest paid by the company prior to the date of prepayment. The default rate of interest on the loan was increased to 27% per annum. The company also entered into a First Amendment to Security Agreement, dated July 16, 2014, between the company and Fordham in which the amount of the secured liabilities was increased from $500,000 to $582,841.63. The amendment represents an approximately $114,000 increase in the outstanding balance of the Equipment Loan as of July 16, 2014. The net proceeds of the increase in the Equipment Loan were used to pay $113,442 in franchise taxes owed by the company to the Secretary of State of the State of Illinois.

Z Trim Holdings, Inc. Appoints Gordon F. Brunner as External Technology Consultant

Z Trim Holdings, Inc. announced that it has retained Gordon F. Brunner as an External Consultant. Mr. Brunner will assist the management team in several key areas, including: the review of all matters relating to the company's intellectual property; research and development of products, processes and applications derived from that property; the investigation of strategic research partnership opportunities; and initiatives designed to raise awareness regarding Z Trim's technology capabilities in relevant commercial, industrial, scientific and investment sectors. Mr. Brunner spent nearly four decades at Procter & Gamble. As Senior Vice President, Chief Technology Officer and Head of Worldwide Research and Development, he was instrumental in accelerating product innovation and led the creation of one of the most effective global R&D organizations. A native of Des Plaines, IL, Mr. Brunner earned a BS in Biochemical Engineering from the University of Wisconsin and an MBA from Xavier University. He has served on Z Trim's Advisory Board since 2011.

 

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