Hercules Technology Growth Capital (HTGC) COO Resigns Aug 29, 2014 04:38PM

On August 25, 2014, Harry A. Feuerstein announced his resignation, effective August 30, 2014, from his position as Chief Operating Officer of Hercules Technology Growth Capital, Inc. (NYSE: HTGC) due to personal reasons. Mr. Feuerstein will continue to serve the Company as an outside consultant.


BE Aerospace (BEAV) Reports Filing of Registration Statement for Spin-off Aug 29, 2014 04:20PM

B/E Aerospace, Inc. (“B/E” or the “Company”) (NASDAQ: BEAV) announced today a further step in its previously announced separation of its Consumables Management Segment, consisting of the Company’s aerospace distribution and energy services businesses, through a distribution, or spin-off, to the Company’s shareholders. The Company’s subsidiary KLX Inc. (“KLX”), to which the separated businesses will be transferred prior to the distribution, filed today a registration statement on Form 10 with the Securities and Exchange Commission. The spin-off would take the form of a pro rata distribution of all shares of common stock of KLX to B/E shareholders. The Company expects the receipt of shares of KLX common stock by B/E shareholders to be tax-free for U.S. federal income tax purposes, except for cash received in lieu of fractional shares. The spin-off is subject to the approval of the Board of Directors of B/E and the satisfaction of certain other conditions. B/E may, at any time until the spin-off, decide to abandon the spin-off or modify or change the terms of the spin-off. Holders of B/E common stock as of the record date for the spin-off will not be required to make any payment, surrender or exchange any shares of B/E common stock or take any other action to participate in the spin-off. Additional information concerning KLX and the proposed spin-off is contained in the registration statement on Form 10.


Mast Therapeutics (MSTX) CMO to Depart, Replacement Named Aug 29, 2014 04:06PM

Mast Therapeutics, Inc. (NYSE: MSTX) announced today that Santosh Vetticaden, Chief Medical Officer and Senior Vice President, will be leaving the Company, for personal reasons, in mid-September. Edwin L. Parsley, D.O., the Chief Medical Officer of Aires Pharmaceuticals, which Mast acquired earlier this year, will assume Dr. Vetticaden's former responsibilities as the Company's interim Chief Medical Officer. Dr. Parsley previously was with Pfizer, where he oversaw clinical trials for Revatio® (sildenafil). He is a practicing physician and certified by the American Board of Internal Medicine in internal medicine, pulmonary disease, critical care medicine, and sleep medicine. Dr. Parsley has been actively engaged with the Company since Aires was acquired by Mast in February 2014.

"We want to thank Santosh for his many contributions and wish him the very best in his future endeavors," said Brian Culley, Chief Executive Officer. "Santosh has put in place a strong clinical operations group that has us well-positioned to advance our programs through late-stage development. In addition to executing a successful QT study last year, his team is actively recruiting patients in EPIC, our pivotal Phase 3 study, at more than 50 U.S. and international sites. They are also actively recruiting patients in our Phase 2 combination study with MST-188 and r-tPA in acute limb ischemia, and have us poised to launch a third clinical study in heart failure next year. Santosh accomplished much during his tenure and leaves us with the people and infrastructure to achieve four clinical study read-outs over the next 12 to 18 months."


Donegal Group, Inc. (DGICA) Reports CEO on Medical Leave Aug 29, 2014 04:01PM

Donegal Group Inc. (Nasdaq: DGICA) (Nasdaq: DGICB), announced today that its chief executive officer, Donald H. Nikolaus, will be on a temporary medical leave of absence.

The Board has named Kevin G. Burke to serve as DGI's acting chief executive officer during Mr. Nikolaus' recovery period. Mr. Nikolaus will continue to serve as President and Chief Executive Officer of Donegal Mutual Insurance Company and his other Donegal positions while he recovers. Mr. Nikolaus stated, "I am committed to remain as active as I can be in our business as my health permits and plan to return at the conclusion of my medical leave. I am confident that Kevin Burke and the other members of our experienced management team will successfully execute our strategic business plans."


American Airlines Group (AAL)/Orbitz Worldwide (OWW) Reach Agreement; American Airlines Back on Orbitz Sites Aug 29, 2014 03:59PM

Orbitz Worldwide (NYSE: OWW) announced today that it had reached an agreement with American Airlines to continue to offer American Airlines (NYSE: AAL) and US Airways flights on all of its sites. Consumers should see all available flights immediately. All tickets previously purchased on Orbitz Worldwide sites remain valid.

"We are pleased that our long-standing relationship with American Airlines allowed us to quickly resolve business matters and that we continue to offer a broad range of options, including American Airlines and US Airways flights, to the millions of shoppers who book travel on our global sites each day," said Sam Fulton, president of Orbitz.com.


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