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Last $17.13 USD
Change Today -0.80 / -4.46%
Volume 166.1K
HGR On Other Exchanges
New York
As of 6:40 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

hanger inc (HGR) Key Developments

Hanger, Inc. Announces Management Changes

Effective August 11, 2015, Gabrielle B. Adams will serve as the principal accounting officer of the Hanger, Inc. for financial reporting purposes with the Securities and Exchange Commission. Ms. Adams, who serves as Vice President Corporate Controller, succeeds Melissa Debes, who served as principal accounting officer since September 8, 2014. Ms. Adams joined the Company in February 2015. Ms. Debes is transitioning to a newly created role at the Company as Vice President of Finance - Products & Services, where she will be responsible for leading the finance and accounting functions for the Company's Products & Services group. Ms. Debes will also play a key leadership role in the needs assessment and implementation plan for the Company's enterprise resource planning (ERP) system, and will continue to assist the Company's accounting team in the completion of its consolidated financial statement remediation and audit.

Hanger, Inc. announced delayed 10-Q filing

On 08/10/2015, Hanger, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Scott Ranson Joins Hanger, Inc. as Chief Information Officer

Hanger, Inc. announced that Scott Ranson has joined as its Chief Information Officer (CIO), effective July 20, 2015. Mr. Ranson joins Hanger after 14 years' experience as the CIO for Brookdale Senior Living Inc. During this time, Mr. Ranson successfully led several enterprise resource planning (ERP) and electronic medical records (EMR) implementations, and built a successful information technology team.

Hanger, Inc. Announces 71/8% Senior Notes Due 2018

On June 30, 2015, Hanger, Inc. announced that it is soliciting consents from holders of its $200,000,000 aggregate principal amount 71/8% Senior Notes due 2018 to amend and waive certain provisions of the indenture pursuant to which the Notes were issued. The Proposed Amendment and Waiver will amend, effective as of September 29, 2014, the reporting covenant in the indenture to eliminate until November 16, 2015 any obligation for the Company to deliver to the trustee or the noteholders the following reports required to be filed or furnished with the Securities and Exchange Commission (the SEC): Form 10-Qs for the periods ended September 30, 2014, March 31, 2015 and June 30, 2015. The Consent Solicitation will expire at 5:00 p.m., New York City time, on July 8, 2015. Only holders of record of the Notes as of 5:00 p.m., New York City time, on June 29, 2015, are eligible to deliver consents to the Proposed Amendment and Waiver in the Consent Solicitation. The Company will pay to the holders who delivered valid and unrevoked consents prior to the expiration time a cash payment of $2.50 per $1,000 principal amount of Notes for which consents have been delivered by such holder, subject to the satisfaction or waiver of all of the conditions of the Consent Solicitation.

Hanger, Inc. Announces Appointment of Cynthia L. Lucchese to Board of Directors

Hanger, Inc. announced that its board of directors elected Cynthia L. Lucchese, former Senior Vice President and Chief Financial Officer of Hillenbrand, Inc., to the company's board as a director effective May 14, 2015. During her tenure at Hillenbrand, Inc., Ms. Lucchese served as a key member of the leadership team that transformed the organization from a $650 million North American business to a $1.6 billion global diversified industrial company.


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Price/Sales 0.6x
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