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Business Wire
2 days ago
- Business
- Business Wire
Superior Industries International, Inc. Receives NYSE Continued Listing Standards Notice
SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Superior Industries International, Inc. ('Superior' or the 'Company') (NYSE:SUP), one of the world's leading aluminum wheel suppliers, today announced that on June 2, 2025, it received written notice (the 'Notice') from the New York Stock Exchange ('NYSE') of non-compliance with Section 802.01B of NYSE Listed Company Manual (the 'Manual'), which requires an average global market capitalization of not less than $50 million over a consecutive 30-trading day period and stockholders' equity of not less than $50 million. As set forth in the Notice, as of May 30, 2025, the Company's 30-trading day average market capitalization was approximately $45.9 million, and the Company's last reported stockholders' deficit, as of March 31, 2025, was approximately $(288.7) million. In accordance with applicable NYSE procedures, within 45 days from receipt of the Notice, the Company must submit to NYSE a business plan that demonstrates compliance with Section 802.01B of the Manual within 18 months of receipt of the Notice. The Listing Operations Committee of NYSE will review the business plan and will either accept the plan, at which time the Company will be subject to ongoing quarterly monitoring for compliance with the business plan, or reject it, at which time the Company will be subject to suspension and delisting proceedings. The Company expects to timely submit such a business plan to NYSE. Pursuant to NYSE rules, the Company's common stock will continue to be listed and traded on NYSE during the cure periods outlined above, subject to the Company's compliance with other NYSE continued listing requirements. The current noncompliance with the standards described above does not affect the Company's ongoing business operations or its reporting requirements with the Securities and Exchange Commission (the 'SEC'). About Superior Industries Superior is one of the world's leading aluminum wheel suppliers. Superior's team collaborates with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest light weighting and finishing technologies. Superior serves the European aftermarket with the brands ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in Southfield, Michigan, Superior is listed on the New York Stock Exchange. For more information, please visit Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as 'assumes,' 'may,' 'should,' 'could,' 'will,' 'expects,' 'expected,' 'seeks to,' 'anticipates,' 'plans,' 'believes,' 'estimates,' 'foresee,' 'intends,' 'guidance,' 'predicts,' 'projects,' 'projecting,' 'potential,' 'targeting,' 'will likely result,' or 'continue,' or the negative of such terms and other comparable terminology. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond Superior's control, including, without limitation, future fluctuations in the Company's market capitalization and stockholders' equity; its ability to submit a required business plan and regain compliance with the Manual and maintain a listing of the Company's common stock on NYSE. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks, and uncertainties discussed in Superior's SEC filings and reports. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect Superior. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law
Mint
27-05-2025
- Politics
- Mint
Indian emails ‘akin to spam': New Zealand minister Erica Stanford's slur draws ire
New Zealand's Minister of Immigration, Erica Stanford, has come under significant criticism for remarks perceived as racially insensitive towards Indians, following a parliamentary exchange that likened emails from Indians seeking immigration advice to spam. The comments provoked a strong response, notably from Indian-origin Labour Party MP Priyanca Radhakrishnan, who was born in Chennai. On 6 May 2025, during a parliamentary session, Labour MP Willow-Jean Prime asked Minister Stanford to confirm whether every email related to her ministerial portfolios sent to or from her personal email account had been properly recorded, as required by the Cabinet Manual. Stanford replied, 'I have complied with the Official Information Act. I have also made sure that everything is available to be captured and have forwarded everything that I've needed to to my parliamentary email address.' However, Stanford then added a contentious remark: 'I will acknowledge, though, in a very similar case to Kelvin Davis, I receive a lot of unsolicited emails like, for example, things from people in India asking for immigration advice, which I never respond to. I almost regard those as being akin to spam, and so there are those ones. But, similarly, other Ministers have had probably very similar issues.' This comment effectively singled out Indians as a group whose emails she considered comparable to spam. The questioning arose after it was revealed that Stanford had used her personal Gmail account for official government correspondence, including forwarding pre-Budget announcements to herself for printing. This practice raised concerns about compliance with official record-keeping protocols. Stanford admitted to this breach of best practice and assured Parliament that she had taken steps to prevent such occurrences in the future. Priyanca Radhakrishnan, an Indian-born Labour MP, responded sharply to Stanford's remarks on social media. She wrote, 'Earlier this week, in response to a question by Willow Jean Prime the Immigration Minister felt the need to single out people from one country/ethnicity in a negative light. If you're from India, don't bother emailing her because it's automatically considered spam.' Radhakrishnan criticised the comments as undermining New Zealand's government efforts to strengthen ties with India, stating, 'So much for the National govt's all-of-government focus on strengthening the relationship between India & NZ and focus on people-to-people links.' She described Stanford's remarks as 'careless at best and prejudiced at worst,' emphasising that such stereotyping reinforces negative perceptions against an entire community. The Labour Party MP also added a news screenshot of news article with the headline 'Luxon calls for an all-of New Zealand investment India relationship". Christopher Luxon is the 42nd Prime Minister of New Zealand, and belongs to New Zealand National Party. In the wake of the backlash, Erica Stanford sought to clarify her statement, asserting that her comments had been misunderstood. 'I did not say that I consider them as spam,' she explained. 'I only said that I consider them almost akin to spam,' attempting to soften the original phrasing. Erica Stanford further clarified that her official correspondence is handled through her parliamentary email account, and unsolicited emails to her personal account, including those from overseas, are not part of her ministerial duties and therefore do not receive responses. Erica Louise Stanford, born in 1978, is a New Zealand National Party politician currently serving as the 49th Minister of Education and the 60th Minister of Immigration. She has represented the East Coast Bays electorate since 2017 and was appointed to her ministerial roles following the formation of the National-led government in 2023. Stanford's background includes work in export sales and television production before entering politics. She holds a Bachelor of Arts in politics from the University of Auckland and is noted for her progressive stances within the National Party, including support for decriminalising abortion and euthanasia. Priyanca Radhakrishnan is a Labour Party MP of Indian origin, born in Chennai and raised partly in Singapore before moving to New Zealand for higher education. She made history as the first Indian-Kiwi woman to become a minister in New Zealand in 2020. Radhakrishnan has held portfolios including Minister for Ethnic Communities and Minister for Diversity, Inclusion and Ethnic Communities. She is a vocal advocate for multiculturalism, ethnic minority rights, and social justice, often speaking out against racial stereotyping and discrimination.
Cision Canada
20-05-2025
- Business
- Cision Canada
Mountain Province Diamonds Announces Voting Results from 2025 Annual and Special Meeting of Shareholders
TSX and OTC: MPVD TORONTO and NEW YORK, May 20, 2025 /CNW/ - Mountain Province Diamonds Inc. (" Mountain Province" or the " Company") (TSX and OTC: MPVD) is pleased to announce the results of voting by the shareholders of the Company during the virtual 2025 annual and special meeting of Mountain Province's shareholders (the " Meeting"). A total of 110,077,023 common shares were voted at the Meeting representing 51.92% of the issued and outstanding common shares. The Company received the required shareholder approval under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101") and under the TSX Company Manual (the " Manual") for the previously announced CAD$33 million working capital facility (the " WCF") with Dunebridge Worldwide Ltd. (" Dunebridge"). Mr. Dermot Desmond, through Vertigol Unlimited Company (" Vertigol"), is the ultimate beneficial holder of 75,446,071 common shares of the Company (the " Vertigol Shares"), representing over 35% of the Company's issued and outstanding shares, and on that basis, a "related party" of the Company under MI 61-101. Dunebridge is also ultimately beneficially owned by Mr. Desmond, and, as an affiliate of Vertigol under Mr. Desmond's common control, a "related party" of the Company under MI 61-101. Accordingly, for the purposes of the shareholder approval of the WCF under MI 61-101, the Vertigol Shares were excluded from the vote. Similarly, the 217,375 common shares registered to Mr. Jonathan Comerford, also a related party of Dunebridge, and accordingly, the Company, under MI 61-101, were excluded from the vote on the WCF in accordance with MI 61-101. For the purposes of the vote on the WCF under the Manual, the Vertigol Shares were excluded from the vote on the WCF in accordance with the Manual on the basis that Vertigol, as a control person of the company, and its affiliates, which includes Dunebridge, is an insider of the company. The definitive terms of the WCF are incorporated into an amended and restated bridge credit facility agreement dated May 13, 2025 (the " A&R Bridge Facility Agreement") with Dunebridge Worldwide Ltd., (" Dunebridge") as administrative agent, security trustee and lender thereunder Having received shareholder approval at the Meeting in respect of the WCF, the Company has drawn down on the balance of the WCF and will use the WCF on a revolving basis in accordance with its terms. Shareholders also elected the following directors to hold office until the next annual meeting of shareholders as detailed in the table below: KPMG was also re-appointed as auditor of the Corporation, with remuneration to be fixed by the directors. About Mountain Province Diamonds Inc. Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada's Northwest Territories. The Gahcho Kué joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at SOURCE Mountain Province Diamonds Inc.
Business Wire
09-05-2025
- Business
- Business Wire
Vince Holding Corp. Receives Continued Listing Standard Notice from the NYSE
NEW YORK--(BUSINESS WIRE)--Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today announced that on May 6, 2025, the Company received a written notice (the 'Notice') from the New York Stock Exchange ('NYSE') that the Company did not presently satisfy NYSE's continued listing standards under Section 802.01B of NYSE Listed Company Manual (the 'Manual'), which requires the Company's 30-trading day average market capitalization to be at least $50 million and the Company's stockholders' equity to be at least $50 million. As set forth in the Notice, as of May 5, 2025, the Company's 30-trading day average market capitalization was approximately $22.6 million and the Company's last reported stockholders' equity, as of February 1, 2025, was approximately $41.8 million. In accordance with applicable NYSE procedures, within 45 days from receipt of the Notice, the Company must submit to NYSE a business plan that demonstrates compliance with Section 802.01B of the Manual. The Listing Operations Committee of the NYSE will review the business plan and will either accept the plan, at which time the Company will be subject to ongoing quarterly monitoring for compliance with the business plan, or NYSE will reject the business plan, at which time the Company will be subject to suspension and delisting proceedings. The Company expects to timely submit such a business plan to NYSE. Pursuant to NYSE rules, the Company's common stock will continue to be listed and traded on NYSE during the cure periods outlined above, subject to the Company's compliance with other NYSE continued listing requirements. The current noncompliance with the standard described above does not affect the Company's ongoing business operations or its reporting requirements with the Securities and Exchange Commission. ABOUT VINCE Vince Holding Corp. is a global retail company that operates the Vince brand women's and men's ready to wear business. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Vince Holding Corp. operates 44 full-price retail stores, 14 outlet stores, and its e-commerce site, as well as through premium wholesale channels globally. Please visit for more information. Forward-Looking Statements: This document, and any statements incorporated by reference herein contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about possible or assumed future results of operations of the Company and are indicated by words or phrases such as "may," "will," "should," "believe," "expect," "seek," "anticipate," "intend," "estimate," "plan," "target," "project," "forecast," "envision" and other similar phrases. Although we believe the assumptions and expectations reflected in these forward-looking statements are reasonable, these assumptions and expectations may not prove to be correct and we may not achieve the results or benefits anticipated. These forward-looking statements are not guarantees of actual results, and our actual results may differ materially from those suggested in the forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control, including, without limitation: fluctuations in our market capitalization and stockholders' equity; our ability to regain compliance with the Manual and maintain a listing of our common stock on the NYSE; changes to and unpredictability in the trade policies and tariffs imposed by the U.S. and the governments of other nations; our ability to maintain adequate cash flow from operations or availability under our revolving credit facility to meet our liquidity needs; general economic conditions; restrictions on our operations under our credit facilities; our ability to improve our profitability; our ability to maintain our larger wholesale partners; our ability to accurately forecast customer demand for our products; our ability to maintain the license agreement with ABG Vince, a subsidiary of Authentic Brands Group; ABG Vince's expansion of the Vince brand into other categories and territories; ABG Vince's approval rights and other actions; our ability to realize the benefits of our strategic initiatives; the execution of our customer strategy; our ability to make lease payments when due; our ability to open retail stores under favorable lease terms and operate and maintain new and existing retail stores successfully; our operating experience and brand recognition in international markets; our ability to remediate the identified material weakness in our internal control over financial reporting; our ability to comply with domestic and international laws, regulations and orders; increased scrutiny regarding our approach to sustainability matters and environmental, social and governance practices; competition in the apparel and fashion industry; the transition associated with the appointment of new chief executive officer and new chief financial officer; our ability to attract and retain key personnel; seasonal and quarterly variations in our revenue and income; the protection and enforcement of intellectual property rights relating to the Vince brand; our ability to successfully conclude remaining matters following the wind down of the Rebecca Taylor business; the extent of our foreign sourcing; our reliance on independent manufacturers; our ability to ensure the proper operation of the distribution facilities by third-party logistics providers; fluctuations in the price, availability and quality of raw materials; the ethical business and compliance practices of our independent manufacturers; our ability to mitigate system or data security issues, such as cyber or malware attacks, as well as other major system failures; our ability to adopt, optimize and improve our information technology systems, processes and functions; our ability to comply with privacy-related obligations; our status as a 'controlled company'; our status as a 'smaller reporting company'; and other factors as set forth from time to time in our Securities and Exchange Commission filings, including those described under "Item 1A—Risk Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We intend these forward-looking statements to speak only as of the time of this release and do not undertake to update or revise them as more information becomes available, except as required by law.
Yahoo
06-05-2025
- General
- Yahoo
Peoria counselor honored for outstanding student support
PEORIA, Ill. (WMBD) — Michaura Pittman works every school day at Manual High to make sure she actively listens to her students. She wants them to feel seen and heard. 'It's pretty cool to be able to help them with their academics, help them socially and emotionally, as well as preparing for college,' said Counselor Michaura Pittman. 'I remember being in this position my senior year waiting to start my college career so it's pretty cool to be on the other end helping students through that.' She's spent six years as a counselor within Peoria Public School's district. The last two of those at Manual, which she said is a full circle moment. 'It's very rewarding to be able to pour into the lives of students who are in the same neighborhoods that I live in or grew up in,' said Pittman. 'It's very rewarding to be able to serve alongside the many of staff members at PPS.' Pittman recently received the 40 Leaders under 40 Award for her dedication to helping Peoria youth. She said she's proud of her impact, both professionally and personally. 'It's very fulfilling to be able to help students in the capacity that my school counselors once helped me with,' said Pittman. 'I'm able to help in a manner that they may not have those resources and I'm able to provide those resources, so it's very fulfilling.' She wants to leave a positive legacy for the students who walk through Manual's halls and in the community through her work with Big Brothers Big Sisters and Delta Sigma Theta Sorority Incorporated. 'When they look back on their high school years here at Manual High School, [I hope] that they remember me as being a influential role model in their lives. As someone who helped pave the way for them. Someone who will help motivate and encourage them along the way to accomplish their goals.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
