Horizon Global Announces Definitive Agreement To Sell Asia-Pacific Business Segment

Asia

Aug 8 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL REPORTS FINANCIAL RESULTS FOR SECOND QUARTER 2019.Q2 SALES FELL 4.4 PERCENT TO $223.2 MILLION.QTRLY LOSS PER SHARE $0.32.IN ADDITION TO FOREIGN CURRENCY HEADWINDS, RESULTS WERE ALSO IMPACTED BY CONTINUING UNCERTAINTY SURROUNDING TARIFFS.Q2 EARNINGS PER SHARE VIEW $-0.13, REVENUE VIEW $241.2 MILLION — REFINITIV IBES DATA.  Full Article

June 6 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL NAMES JAMIE G. PIERSON AS CHIEF FINANCIAL OFFICER.HORIZON GLOBAL CORP – BARRY STEELE, WHO HAD BEEN SERVING AS CFO FOR HORIZON GLOBAL WILL BE LEAVING.  Full Article

May 9 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL REPORTS FINANCIAL RESULTS FOR FIRST QUARTER 2019.Q1 SALES FELL 3.3 PERCENT TO $209.7 MILLION.REMAIN OPTIMISTIC IN OUTLOOK FOR REMAINDER OF YEAR.QTRLY LOSS PER SHARE $1.00.  Full Article

April 5 (Reuters) – Horizon Global Corp ::ATLAS CAPITAL RESOURCES SAYS REGARDING APPOINTMENT OF FREDERICK HENDERSON, AGREES TO WITHDRAW MARCH 11 NOMINATION NOTICE SENT TO HORIZON GLOBAL .ATLAS CAPITAL RESOURCES SAYS ON APRIL 4, HORIZON GLOBAL ANNOUNCED ON APRIL 3, APPOINTED FREDERICK HENDERSON TO BOARD – SEC FILING.  Full Article

Jan 29 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL NAMES BARRY STEELE CHIEF FINANCIAL OFFICER.HORIZON GLOBAL CORP – BARRY STEELE HAS BEEN NAMED COMPANY’S CHIEF FINANCIAL OFFICER, EFFECTIVE FEBRUARY 18, 2019.HORIZON GLOBAL CORP – STEELE WILL BE JOINING HORIZON GLOBAL FROM HIS ROLE AS CHIEF FINANCIAL OFFICER AT GENTHERM INCORPORATED.HORIZON GLOBAL CORP – BRIAN WHITTMAN WHO HAS BEEN SERVING AS INTERIM CFO WILL CONTINUE TO SERVE IN THAT CAPACITY UNTIL STEELE JOINS COMPANY.  Full Article

Nov 8 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL REPORTS FINANCIAL RESULTS FOR THIRD QUARTER 2018.Q3 LOSS PER SHARE $1.31.Q3 ADJUSTED LOSS PER SHARE $0.01.Q3 SALES $227.8 MILLION VERSUS I/B/E/S VIEW $237.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.19 — THOMSON REUTERS I/B/E/S.IN QUARTER, NON-CASH GOODWILL IMPAIRMENT OF $26.6 MILLION IN EUROPE-AFRICA SEGMENT.START TO SEE FULL IMPACT OF COST STRUCTURE ACTIONS IN FINANCIAL RESULTS IN Q2 OF 2019.”EXPECT NEXT TWO QUARTERS TO BE DIFFICULT”.FULLY ENGAGED IN IDENTIFYING A FINANCIAL EXECUTIVE TO SERVE AS COMPANY’S PERMANENT CFO.  Full Article

Nov 1 (Reuters) – Spitfire Capital Llc::SPITFIRE CAPITAL LLC – “POOR PERFORMANCE” OF HORIZON GLOBAL DEMANDS “IMPROVED CORPORATE GOVERNANCE, MANAGEMENT OVERSIGHT AND CAPITAL ALLOCATION”.SPITFIRE CAPITAL SAYS WRITTEN TO HORIZON GLOBAL’S SECRETARY REQUESTING A DIRECTOR QUESTIONNAIRE – SEC FILING.SPITFIRE CAPITAL – REPORTS 4.85 PERCENT STAKE IN HORIZON GLOBAL AS OF OCT 31 VERSUS 5.13 PERCENT STAKE REPORTED AS OF FEB 1.  Full Article

March 2 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL – ‍BOARD APPROVED AN AMENDMENT TO AMENDED AND RESTATED CERTIFICATION OF INCORPORATION TO DECLASSIFY COMPANY’S BOARD OF DIRECTORS​.HORIZON GLOBAL CORP – BOARD RECENTLY NAMED DENISE ILITCH AS CHAIR.  Full Article

Feb 22 (Reuters) – Horizon Global Corp ::HORIZON GLOBAL SAYS ON FEB 16, CO ENTERED INTO 2018 REPLACEMENT TERM LOAN AGREEMENT TO AMEND CREDIT AGREEMENT, DATED AS OF JUNE 30, 2015 – SEC FILING.HORIZON GLOBAL – AMENDMENT PROVIDES FOR REPLACEMENT LOAN FACILITY, IN ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF $385 MILLION TO REPLACE PRIOR LOAN FACILITY.  Full Article

Feb 6 (Reuters) – Marcato Capital Management LP::MARCATO SENDS LETTER TO HORIZON GLOBAL BOARD OF DIRECTORS.MARCATO CAPITAL MANAGEMENT SAYS BELIEVE HORIZON GLOBAL’S BOARD SHOULD FAVOR BUYING BACK STOCK OVER BRINK ACQUISITION.MARCATO – IF HORIZON GLOBAL UNABLE TO DELIVER ON 2018 TARGETS OUTLINED BY MARCATO, BOARD MUST REPLACE INCUMBENT MANAGEMENT, BEGINNING WITH CEO.MARCATO – IF HORIZON GLOBAL UNABLE TO DELIVER ON 2018 TARGETS OUTLINED BY MARCATO, BOARD MUST INITIATE STRATEGIC REVIEW FOCUSED ON SALE OF CO.MARCATO – HORIZON GLOBAL SHOULD TERMINATE PLANNED ACQUISITION OF BRINK GROUP.  Full Article

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