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.


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."


Vicon Industries (VII) Completes IQinVision Merger; Sets Special Dividend Payment Date Aug 29, 2014 02:25PM

Vicon Industries, Inc. (AMEX: VII) has completed the previously announced merger with IQinVision, Inc. (“IQinVision”), a designer and producer of high performance HD/megapixel IP cameras. The merger creates a global market leader of integrated solutions to the video security market.

Today’s announcement follows shareholder approval of the issuance of Vicon common stock in connection with the merger by the Vicon shareholders at their Annual Meeting held on August 28, 2014 and of the Merger Agreement and the transactions contemplated thereby by the IQinVision shareholders by written consent.

As a result of the merger, the shareholders of Vicon and IQinVision each own approximately 50% of the outstanding shares of common stock of Vicon.

Vicon Chairman and CEO Ken Darby said of the merger, “we are delighted to join forces with IQinVision. The combination of highly regarded brands within the security industry allows us to bring a compelling and completely proprietary video solution to our customers.”

The board of directors of Vicon following the merger consists of three continuing directors of Vicon (Messrs. Kenneth M. Darby, Arthur D. Roche and Julian A. Tiedemann) and three directors designated by IQinVision (Mr. Charles Chestnutt, Ms. Gioia Messinger and Mr. Joseph Budano).

Vicon also announced today that it has set a payment date of September 12, 2014 for the special cash dividend of $0.55 per common share payable to Vicon shareholders of record as of the close of business on July 11, 2014, which was previously announced, but conditioned upon the closing of the merger.


Premier Exhibitions (PRXI) Names New Exec Chairman; Announces Other Board Actions Aug 29, 2014 02:02PM

Premier Exhibitions (NASDAQ: PRXI) announced changes to the Company's Board of Directors.

On August 25, 2014, William M. Adams, Ronald C. Bernard, and Bruce Steinberg resigned as directors of Premier Exhibitions, Inc. (the "Company"), effective immediately. On the same day, Jack H. Jacobs and Rick Kraniak were appointed to the Board of Directors of the Company (the "Board"). Following the addition of Mr. Kraniak and Mr. Jacobs and the resignations of the three directors, the size of Company's Board of Directors now stands at five (5) members.

Mr. Jacobs rejoins the board where he served from February 2009 through February 2011. Mr. Jacobs has been a principal of The Fitzroy Group, Ltd., a firm that specializes in the development of residential real estate in London and invests both for its own account and in joint ventures with other institutions, for the past five years. He has held the McDermott Chair of Politics at West Point since 2005 and has served as an NBC military analyst since 2002. Mr. Jacobs was a co-founder and Chief Operating Officer of AutoFinance Group Inc., one of the firms to pioneer the securitization of debt instruments, from 1988 to 1989; the firm was subsequently sold to KeyBank. He was a Managing Director of Bankers Trust Corporation, a diversified financial institution and investment bank, where he ran foreign exchange options worldwide and was a partner in the institutional hedge fund business. Mr. Jacobs' military career included two tours of duty in Vietnam where he was among the most highly decorated soldiers, earning three Bronze Stars, two Silver Stars and the Medal of Honor, the nation's highest combat decoration. He retired from active military duty as a Colonel in 1987. He currently serves as a director of Paragon Technologies, Inc. and has served on a number of other public company boards.

Mr. Kraniak joins the board with extensive entertainment industry experience and has previously served as a consultant to the Company from 2005 to 2008. His entrepreneurial background includes launching a number of businesses in the media and entertainment, health, software, Internet, and technology verticals. Since February 2005, Mr. Kraniak has been an owner of RK Consulting, a privately held company providing consulting services in media, entertainment and health care industries. Through RK Consulting, he currently serves as an advisor to Cavendish Global, a privately held company in the financial services industry, and Discount Coupons Corporation, a marketing company. From May 2011 to May 2014, Mr. Kraniak has been a principal and chief strategic officer of Buzcast.com, a privately held digital technology company; from April 2007 to 2009, he has been an advisor to, and shareholder in, Tix Corporation, an entertainment company providing discount ticketing and discount dinner reservations; and from 2006 to 2008, he was a senior advisor at Beringea Limited, a London-based private equity firm. From April 1974 to May 1996, Mr. Kraniak was an owner of Brass Ring Productions, which produced over 6,000 performances, including The Rolling Stones, Madonna, Elton John and Bruce Springsteen, among others. He began his professional career in 1970 while he was studying sociology at Eastern Michigan University, when he founded Diversified Management Agency.

On August 28, 2014, the Board appointed Mr. Samuel S. Weiser as the Executive Chairman of the Company. Mr. Weiser is currently a director of the Company and will continue to serve in that capacity. He will be responsible for overseeing the execution of the Company's strategic plan including securing growth capital for the Company, coordinating strategic initiatives with the Company's financial advisors and executing a plan to monetize the Company's Titanic assets. Mr. Weiser succeeds Mark Sellers as the Company's Chairman. Mr. Sellers will remain a director of the Company.

The Company is currently engaged in a search for a new CEO and expects to make an announcement about that soon.

Mark Sellers stated, "We appreciate the contributions that the departing directors made to the Company during their tenure. In addition, we believe the addition of Jack Jacobs and Rick Kraniak will enable the Company to move in a new direction by providing fresh views on the Company's initiatives and opportunities. Finally, while the Company continues its search for a new CEO, Sam will provide stability and maintain the strategic focus of the Company while that search is in progress."


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