ladenburg thalmann financial (LTS) Key Developments
Ladenburg Thalmann Financial Services Inc. Confirms Third Quarter of 2015 Monthly Cash Dividends on 8.00% Series A Cumulative Redeemable Preferred Stock Payable on July 28, 2015, August 28, 2015 and September 28, 2015
Jul 1 15
Ladenburg Thalmann Financial Services Inc. confirmed the third quarter of 2015 monthly cash dividends for its 8.00% Series A Cumulative Redeemable Preferred Stock. The $0.1667 per share dividends are payable on July 28, 2015, August 28, 2015 and September 28, 2015 to shareholders with record dates of July 15, 2015, August 15, 2015 and September 15, 2015 respectively.
Ladenburg Thalmann Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 8 15
Ladenburg Thalmann Financial Services Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $278.8 million, a 32% increase from $211.8 million in the first quarter of 2014, in part due to the acquisitions of Highland Capital Brokerage Inc., KMS Financial Services Inc. and Securities Service Network Inc. Revenues benefited from a substantial increase in independent brokerage and advisory services business, partially offset by a decrease in investment banking business, resulting in adjusted EBITDA of $10.5 million. Net loss attributable to the company was $3.6 million, as compared to net income attributable to the company of $4.3 million in the first quarter of 2014. EBITDA, as adjusted, was $10.5 million, a 33% decrease from $15.7 million in the 2014 period. Loss before income taxes was $5,292,000 against income before income taxes of $4,857,000 a year ago. Net loss per share available to common shareholders diluted was $0.05 against net income per share available to common shareholders diluted $0.01 a year ago.
Ladenburg Thalmann Financial Services Inc. Appoints Carly P. Maher as Senior Vice President, Products and Services Management
Apr 28 15
Ladenburg Thalmann Financial Services Inc. announced that it has appointed Carly P. Maher as Senior Vice President, Products and Services Management. Ms. Maher will be based in Ladenburg’s New York City office. Prior to joining Ladenburg, Ms. Maher was a Senior Vice President at Commonwealth Financial Network where she was part of an executive management team that oversaw the strategic direction of the firm. Over her tenure, she substantially grew both their mutual fund and variable annuity platforms and oversaw core partnerships that played a key role in their growth and profitability.
Ladenburg Thalmann Financial Services Inc. Announces Resignation of Richard J. Rosenstock from Board
Mar 27 15
Effective as of March 25, 2015, after 15 years of service as a member of the Board of Directors of Ladenburg Thalmann Financial Services Inc. and predecessor companies, Richard J. Rosenstock retired as a member of the Board. Mr. Rosenstock's resignation from the Board was not a result of any disagreement with the Company or its executive officers on any matter relating to the Company's operations, policies or practices.
Ladenburg Thalmann Financial Services Inc., Annual General Meeting, May 18, 2015
Mar 20 15
Ladenburg Thalmann Financial Services Inc., Annual General Meeting, May 18, 2015., at 10:00 US Eastern Standard Time. Location: 4400 Biscayne Boulevard. Agenda: To elect ten directors to the company’s board of directors; to conduct an advisory vote to approve the compensation of the company’s named executive officers, which we refer to as the say-on-pay vote; to ratify the appointment of EisnerAmper LLP as the company’s independent registered public accounting firm for the year ending December 31, 2015; and to transact such other business as may be properly presented at the meeting and at any postponements or adjournments thereof.