UCP to Host Third Quarter 2016 Earnings Conference Call
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PICO Holdings (PICO) Terminates CEO Hart; Synthonics Investigation Concluded
October 12, 2016 4:25 PM EDTPICO Holdings, Inc. (Nasdaq: PICO) announced that its board of directors has terminated John R. Hart as CEO of the Company, and as CEO of Vidler Water Company, effective immediately. In connection with his termination, Mr. Hart will receive severance benefits in accordance with his Amended and Restated Employment Agreement dated March 11, 2016. Raymond Marino, Chair of PICOs board of directors, indicated, The decision to terminate Mr. Hart was in the best interest of the Company and its shareholders.
Mr. Hart was not contractually obligated to resign from the... More
