allison transmission holding (ALSN) Key Developments
Allison Transmission Holdings, Inc. Announces Executive Changes
May 14 15
On May 14, 2015, Kosty Gilis notified the Board of Directors of Allison Transmission Holdings, Inc. that he was resigning as a director of the Company effective immediately. Brian Bernasek notified the Board that he was resigning as a director of the Company and member of the Nominating and Corporate Governance Committee effective immediately.
Allison Transmission Holdings Inc. Appoints Gregory P. Spivy to its Board of Directors
May 14 15
Allison Transmission Holdings Inc. announced that Gregory P. Spivy has been appointed to its board of directors. Spivy is a partner of ValueAct Capital. Mr. Spivy has been with ValueAct Capital for more than 10 years.
Allison Transmission Holdings Inc. Appoints Marsha A. Mishler to its Board of Directors
May 14 15
Allison Transmission Holdings Inc. announced that Marsha A. Mishler has been appointed to its board of directors. Mishler currently serves as senior client executive at Fellon McCord & Associates, a position she has held since 2012. Mishler's initial term will expire at the 2017 annual meeting of stockholders, at which time it is expected that Mishler will be included as a nominee for re-election.
Allison Transmission Holdings, Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2015
May 8 15
Allison Transmission Holdings Inc. announced that its board of directors declared a cash dividend of $0.15 per share on the company's common stock for the second quarter of 2015. Payment will be made on May 29, 2015, to stockholders of record at the close of business on May 18, 2015.
Allison Transmission Announces xFE Models with Technology to Further Increase Fuel Economy for Buses
Apr 30 15
Allison Transmission Holdings Inc. announced a new series of bus models that incorporate the latest advances in fuel economy technology. Referred to as xFE, designating extra fuel economy, the fully automatic bus transmissions have demonstrated improvements up to 7% in addition to the company's FuelSense® features. Models with xFE are new transmissions with the same space claim and ratings as current models, but incorporate optimized gear ratios coupled with the FuelSense® Max package. They have been designed to enable first range lock up, deliver significantly more lock up operation and operate at lower engine speeds in higher ranges to further improve fuel economy. While individual fleet results will depend heavily on the duty cycle, testing at customer fleets on four continents and in cities ranging from St. Louis to Seoul and Beijing to Rio de Janeiro, the xFE units have delivered fuel economy improvements of up to 7% when compared to baseline models. These improvements resulted from the new gear ratios and were independent of FuelSense features. Notably, the xFE models are also compatible with alternative fuel engines. The new bus model for North America is designated as the B3400 xFE™. Production began last month in Indianapolis. Outside of North America, Allison will offer three new xFE models: the T3280 xFE™, T3325 xFE™ and T3375 xFE™.