american locker group inc (ALGI) Key Developments
Anderson Group Offers To Acquire Assets Of American Locker Group
Nov 13 14
The Anderson Group LLC offered to acquire assets of American Locker Group Inc. (OTCPK:ALGI). In a filing, American Locker Group said, "The Company has received an unsolicited, non-binding proposal from The Anderson Group, LLC. Anderson has proposed to acquire the Company’s assets on a debt-free basis."
Paul Luber to Resign as Member of the Board of Directors of American Locker Group Incorporated
Oct 6 14
On September 25, 2014, Paul Luber notified the board of directors of American Locker Group Incorporated of his decision to resign as a member of the board of directors, effective immediately. Mr. Luber was the chair of the company's Executive Compensation-Stock Option Committee and a member of the Nominating and Governance Committee.
Stephen P. Slay Notifies American Locker Group Incorporated of His Intention to Resign from His Position as Chief Financial Officer, Effective as of September 1, 2014
Aug 29 14
On August 27, 2014, Stephen P. Slay notified American Locker Group Incorporated of his intention to resign from his position as its Chief Financial Officer. His resignation is effective as of September 1, 2014. Mr. Slay has agreed to provide certain consulting services at a fixed hourly rate until his replacement is found and appointed to fill the position.
American Locker Group Announces New Contract
Aug 13 14
American Locker Group Incorporated has previously reported that it has been awarded an exclusive three-year contract to produce parcel delivery lockers for the large provider of parcel and mail delivery services in the United States. The company announced that it has received product approval and will commence production immediately. This contract calls for initial volume of $1.7 million of product to be delivered during the first 90 days after product approval.
American Locker Group Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014
May 14 14
American Locker Group Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $2.83 million against $3.15 million a year ago. Loss before income taxes was $45,431 against $1.01 million a year ago. Net loss applicable to common stockholders was $54,358 against $1.01 million a year ago. Net loss per share applicable to commons shareholders was $0.03 against $0.60 a year ago.