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February 11, 2016 5:08 PM ET

Commercial Services and Supplies

Company Overview of Swisher Hygiene Inc.

Company Overview

Swisher Hygiene Inc. provides hygiene and sanitizing solutions. It solutions include cleaning and sanitizing chemicals and restroom hygiene programs, as well as a range of related products and services. The company sells consumable products comprising detergents, cleaning chemicals, soaps, papers, water filters, and supplies, as well as rents and services dish machines and other equipment for the dispensing of these products; and offers cleaning services for facilities. It provides restroom hygiene and facility services consisting of cleaning the toilet bowls, urinals, and sinks; application of a germicide to such surfaces to inhibit bacteria growth; and restocking of air fresheners. The com...

4725 Piedmont Row Drive

Suite 400

Charlotte, NC 28210

United States

1,200 Employees

Phone:

704-364-7707

Key Executives for Swisher Hygiene Inc.

Chief Executive Officer, President and Director
Age: 64
Total Annual Compensation: $150.0K
Chief Financial Officer, Principal Accounting Officer, Senior Vice President and Secretary
Age: 67
Total Annual Compensation: $270.0K
Compensation as of Fiscal Year 2014.

Swisher Hygiene Inc. Key Developments

Swisher Hygiene Inc.(OTCPK:SWSH) dropped from NASDAQ Composite Index

Swisher Hygiene Inc. will be removed from Nasdaq Composite Index.

Swisher Hygiene Inc. Receives Delisting Notice From Nasdaq

Swisher Hygiene Inc. announced that the Company notified The Nasdaq Stock Market (Nasdaq) that it was withdrawing its request for a hearing before the Nasdaq Listing Qualifications Panel. The Company had earlier requested the hearing in response to its receipt of a delist determination from the Nasdaq Listing Qualifications Staff (Staff), dated November 12, 2015. As a result of the Company’s sale of substantially all of its operations to Ecolab Inc., the Staff’s letter indicated that it believes the Company is a “public shell” and, in accordance with Nasdaq Listing Rule 5100, the continued listing of the Company’s securities on the Nasdaq Capital Market is no longer warranted. On January 13, 2016, Nasdaq informed the Company that trading in the Company’s common stock will be suspended on the Nasdaq Capital Market effective with the open of business on Friday, January 15, 2016, and that it will initiate the formal delisting process. Effective with the open of business on January 15, 2016, the Company’s common stock will trade on the OTCQB Marketplace.

Swisher Hygiene Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Swisher Hygiene Inc. reported earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's net loss was $31.78 million, or $1.79 loss per share, compared to a net loss of $7.78 million, or $0.44 loss per share, for the same quarter ended September 30, 2014. Loss from continuing operations for the third quarter ended September 30, 2015 was $4.59 million, compared to a loss from continuing operations of $1.21 million for the same quarter ended September 30, 2014. Net loss for the nine months ended September 30, 2015 was $48.30 million, or $2.72 loss per share, compared to a net loss of $36.71 million, or $2.08 loss per share, for the same period ended September 30, 2014. Loss from continuing operations for the nine months ended September 30, 2015 was $8.58 million, compared to a loss from continuing operations of $5.17 million for the same period ended September 30, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 13, 2015
Swisher International, Inc. & Other Swisher Hygiene's Assets Related To U.S. Operations
Merger/Acquisition
August 13, 2015
Sani-Service Toronto Corporation
Merger/Acquisition
August 10, 2015
Swisher Hygiene Inc., Canadian Operations
 

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