Latest news with #Proud
Yahoo
02-06-2025
- Business
- Yahoo
Dye & Durham shakes up C-suite with new picks, ignores former CEO's demands
By Svea Herbst-Bayliss and Kritika Lamba (Reuters) -Dye & Durham on Monday announced a dramatic shift in leadership when it named a new chief executive and a new chief financial officer, ignoring demands from a former chief who is also a large investor to pursue a different course. The Canadian legal software maker appointed former LexisNexis executive George Tsivin as chief executive and brought back Avjit Kamboj to reprise his role as chief financial officer. It also hired Nikesh Patel as chief product officer. "After an in-depth and diligent search, we have assembled a world-class leadership team to guide the company through its next chapter," board chair Arnaud Ajdler said in a statement. Kamboj, who left Dye & Durham in 2022, guided the company's financial strategy during its initial public offering and significant growth stages. The announcement comes two weeks after a former Dye & Durham CEO, Matthew Proud, urged the company to stop searching for a new chief and permanently hand the job to the man doing it already in an interim capacity. More importantly, Proud, whose company Plantro Ltd controls 12% of Dye & Durham, urged a board refresh and is pushing the company to divest the financial services division and then begin work on selling the remaining core business. He also said he is ready to call a special shareholder meeting unless the board considers the changes he is proposing. He stepped down from the CEO position six months ago. Dye & Durham's financial performance has worsened, Proud said on Monday, as earnings have dropped against a backdrop of higher costs and flat revenue. The company has not publicly responded to Proud's criticisms. The company last month reported third quarter fiscal 2025 earnings and its stock price tumbled 50% in the last six months, valuing the company at roughly $490 million. The stock price fell nearly 2% in early trading on Monday. At December's annual meeting, activist investor Engine Capital, run by Ajdler, won control of the board through a proxy fight. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
20-05-2025
- Business
- Reuters
Former Dye & Durham CEO wants changes, says he may call special meeting
NEW YORK, May 20 (Reuters) - Former Dye & Durham ( opens new tab Chief Executive Officer Matthew Proud told the Canadian legal software maker he is ready to call a special shareholder meeting unless the board considers changes he is proposing, according to a letter seen by Reuters. Plantro Ltd, a company controlled by Proud which owns 12% of Dye & Durham, urged the board in a letter sent on Tuesday to stop searching for a new CEO and give the job to the interim chief, Sid Singh. It also wants the board to add four new directors, divest the financial services division, and later this year begin work on selling the remaining core business. The board currently has seven directors. If the board refuses, "Plantro is prepared to requisition a special shareholder meeting to nominate a majority slate of independent, highly qualified directors with proven Canadian public company experience and institutional knowledge of the company," the letter said. Plantro said it is ready to "engage constructively," but also said the board has only until the close of business on Thursday to respond to its letter. A representative for Dye & Durham was not immediately available for comment. Proud, who stepped down as CEO six months ago, is ratcheting up pressure days after the company reported third quarter fiscal 2025 earnings, and its stock price tumbled 50% in the last six months, valuing the company at roughly $441 million. At December's annual meeting, activist investor Engine Capital won control of the board through a proxy fight. Even with new directors, the letter said investors are "in limbo" because the board failed to offer a vision for the future, has not explained past performance, and is resisting a "sale process that could generate returns for all shareholders." The company acknowledged in February it had received an unsolicited takeover bid for C$20 a share but it was not engaging with the party. Dye & Durham last year hired Goldman Sachs (GS.N), opens new tab as a strategic adviser to review options but in November said it was pausing its review after feedback from shareholders.
Yahoo
20-05-2025
- Business
- Yahoo
Former Dye & Durham CEO wants changes, says he may call special meeting
By Svea Herbst-Bayliss NEW YORK (Reuters) - Former Dye & Durham Chief Executive Officer Matthew Proud told the Canadian legal software maker he is ready to call a special shareholder meeting unless the board considers changes he is proposing, according to a letter seen by Reuters. Plantro Ltd, a company controlled by Proud which owns 12% of Dye & Durham, urged the board in a letter sent on Tuesday to stop searching for a new CEO and give the job to the interim chief, Sid Singh. It also wants the board to add four new directors, divest the financial services division, and later this year begin work on selling the remaining core business. The board currently has seven directors. If the board refuses, "Plantro is prepared to requisition a special shareholder meeting to nominate a majority slate of independent, highly qualified directors with proven Canadian public company experience and institutional knowledge of the company," the letter said. Plantro said it is ready to "engage constructively," but also said the board has only until the close of business on Thursday to respond to its letter. A representative for Dye & Durham was not immediately available for comment. Proud, who stepped down as CEO six months ago, is ratcheting up pressure days after the company reported third quarter fiscal 2025 earnings, and its stock price tumbled 50% in the last six months, valuing the company at roughly $441 million. At December's annual meeting, activist investor Engine Capital won control of the board through a proxy fight. Even with new directors, the letter said investors are "in limbo" because the board failed to offer a vision for the future, has not explained past performance, and is resisting a "sale process that could generate returns for all shareholders." The company acknowledged in February it had received an unsolicited takeover bid for C$20 a share but it was not engaging with the party. Dye & Durham last year hired Goldman Sachs as a strategic adviser to review options but in November said it was pausing its review after feedback from shareholders. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-05-2025
- Entertainment
- Yahoo
Lady Gaga Breaks the Record for Highest-Attended Concert by a Female Artist in History — Which Was Previously Held by Madonna
Lady Gaga broke the record for the highest-attended concert by a female artist in history on May 3, drawing an estimated crowd of 2.5 million people to her free concert in Rio de Janeiro's Copacabana Beach The record was previously held by Madonna, who drew a crowd of 1.6 million fans to a free concert at Copacabana Beach in May 2024 Gaga's record-breaking show was almost thwarted by a bomb attack planned by a group that had been spreading hate speech, according to police Little Monsters, massive crowd! Lady Gaga held a free concert at Copacabana Beach in Rio de Janeiro on Saturday, May 3, performing tracks from her massive catalog of hits for an estimated crowd of 2.5 million people. The show, which marked the pop superstar's first concert in Brazil in over a decade, broke the record for the highest-attended concert by a female artist in history — a record previously held by Madonna — concert organizers told Variety. "Nothing could prepare me for the feeling I had during last night's show — the absolute pride and joy I felt singing for the people of Brazil. The sight of the crowd during my opening songs took my breath away. Your heart shines so bright, your culture is so vibrant and special, I hope you know how grateful I am to have shared this historical moment with you," Gaga, 39, wrote in an Instagram post on Sunday, May 4, celebrating the event. "An estimated 2.5 million people came to see me sing, the biggest crowd for any woman in history. I wish I could share this feeling with the whole world — I know I can't, but I can say this — if you lose your way, you can find your way back if you believe in yourself and work hard. You can give yourself dignity by rehearsing your passion and your craft, pushing yourself to new heights — you can lift yourself up even if it takes some time," she continued. Added Gaga: "Thank you Rio for waiting for me to come back. Thank you little monsters all over the world. I love you. I will never forget this moment. Paws up little monsters. Obrigada. Love, Mother Monster." Related: Lady Gaga Laughs Off Microphone Malfunction During Coachella Headlining Gig: 'At Least You Know I Sing Live' Gaga appeared to acknowledge the historic moment during her concert, telling the Copacabana Beach crowd, 'Tonight, we're making history," per Variety. 'Thank you for making history with me,' she added to fans. 'The people of Brazil are the reason why I can shine.' Elsewhere during the evening, the star took another emotional moment to celebrate the crowd. 'Your freedom is so vast … your joy, your love, your spirit. May it be heard around the world tonight! 2.5 million people,' she told fans, per concert footage shared on X. Related: Katy Perry Praises Lady Gaga After Attending 'Mayhem' Tour in Mexico City: 'So Proud of You' The musician kicked off her historic show with 2011 track 'Bloody Mary,' and went on to perform a combination of her classics and songs off of her latest album, Mayhem. Fans belted out the lyrics to 'Poker Face,' 'Paparazzi,' 'Shallow' and more, their voices echoing loudly throughout the area, concert footage captured on social media shows. Though the show ultimately went on as planned, Brazilian police later revealed that they thwarted a bomb attack intended to target the crowd at the free show, according to the BBC. Police said they arrested the person responsible for the attack, which was planned by a group that had been spreading hate speech against children and the LGBTQ+ community, the outlet reported. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Related: All the Easter Eggs in Lady Gaga's Headlining Set at Coachella 2025 Before Gaga's massive May 3 show, the record for highest-attended concert by a female artist was held by Madonna. The pop star, 66, nabbed the title in May 2024 when, for the final show of her Celebration Tour, she held a free concert at Copacabana Beach that drew a crowd of 1.6 million fans. Madonna's concert was also the first by a female artist to exceed a crowd of 1 million, per Guinness World Records. The overall record holder for biggest concert crowd is still held by Rod Stewart, according to Guinness. The 'Da Ya Think I'm Sexy?' singer also earned the honor at Copacabana Beach, drawing a crowd of at least 3.5 million for a free New Year's Eve at the Rio beach in 1994. Read the original article on People
Scottish Sun
29-04-2025
- Entertainment
- Scottish Sun
Joe Swash shocks fans with secret side hustle in new reality show with Stacey Solomon
Stacey and Joe clashed in therapy during the same episode side gig Joe Swash shocks fans with secret side hustle in new reality show with Stacey Solomon Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) JOE Swash's sister has revealed her secret side hustle during his new reality show with Stacey Solomon. The ex-EastEnders actor, 43, has thrown open the doors to his home with mum-of-five Stacey for the cameras. Sign up for the Entertainment newsletter Sign up 3 Joe Swash showed off his sister's new business venture during the latest episode of his reality show Credit: BBC 3 Shana previously starred in EastEnders for two years before being axed by bosses Credit: BBC 3 She now runs a coffee dock in Islington, London Credit: BBC Airing on BBC One every Tuesday, fans are given a behind-the-scenes look at their family life as they raise a young family. During the latest episode, which saw Stacey and Joe clash in therapy, the actor's sister Shana made an appearance. Having time off work, Joe drove to Islington to catch up with Shana, who also previously starred in EastEnders. The 34-year-old could be seen behind the counter of her very own coffee dock, called Swash Jones Coffee, which she launched four years ago. Joe, 43, sought her advice as he was preparing to take part in a charity run for Comfort Cases UK. The charity provides children entering the care system with backpacks filled with their own personal belongings. Shana played the role of Demi Miller until 2006, before it was announced that her part was to be cut along with that of her on-screen mother Rosie. Despite an online petition from upset and angry fans pleading for them not to be axed, both characters left the show in July that year. Shana has continued her acting career since leaving EastEnders. Watch the moment Joe Swash snaps at wife Stacey Solomon during tense therapy session as he says 'I'm a huge problem in Stacey's perfect life' In 2008 she starred in the Scottish soap River City as the daughter of Shona Malone. In 2009, Shana performed in Proud, a play at the Above The Stag Theatre. She also won praise for her part in the 2016 film My Feral Heart where she played a young carer at a care home for adults with learning difficulties.
