During 3Q15, $DLPH closed the sale of Korea Delphi Automotive Systems joint venture for net cash proceeds of $70MM, and recognized an after-tax gain on the divestiture of $47MM within income from discontinued operations.
$BCOR announced that Bob Oros has been appointed CEO of HD Vest,
effective February 28, 2017. Mr. Oros succeeds Roger Ochs, who will be stepping
down as HD Vest CEO. To facilitate a seamless transition, Mr. Ochs will remain
with the company through March 31, 2017.
$BANC's Board has also established an interim 'Office of the CEO/President', which is composed of Hugh Boyle, Chief Risk Officer, who will additionally assume the title of Interim Chief Executive Officer and J. Francisco A. Turner, Chief Strategy Officer and Principal Financial Office, who will assume the role of Interim Chief Financial Officer.
$BANC's current Chair of the Joint Audit Committee of the BoD, Robert D. Sznewajs will assume the new role of Chairman of the BoD. He replaces Steven Sugarman who resigns from his role as Chairman and CEO.
$LCI announced that the company voluntarily made a $75MM payment
against its existing revolving credit facility. This payment will save $LCI approximately
$4.1MM in annualized cash interest expense, at current rates.
$HAL said that for 2017, the company expects CapEx to be $1Bil, which includes reactivating cold-stacked pressure pumping equipment and continuous conversion of the hydraulic fracturing fleet to Q10 Pumps to support the company's surface efficiency strategy. The company also expects D&A to be about $1.4Bil for 2017.