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May 25, 2015 3:42 PM ET

Diversified Financial Services

Company Overview of MicroFinancial Inc.

Company Overview

MicroFinancial Incorporated, a specialized commercial/consumer finance company, provides equipment leasing and financing services with a primary focus on the microticket market in the United States. The company offers financing alternatives to start-up businesses and established enterprises; and leases and rents commercial equipment for use in daily operations. It also finances various products, such as water filtration systems, food service equipment, security equipment, point of sale cash registers, salon equipment, copiers, healthcare and fitness equipment, and automotive repair equipment. In addition, the company offers consumer financings consisting of service contracts from dealers tha...

16 New England Executive Park

Suite 200

Burlington, MA 01803

United States

Founded in 1987

166 Employees

Phone:

781-994-4800

Fax:

781-994-4710

Key Executives for MicroFinancial Inc.

Chief Executive Officer, President, Treasurer, Secretary, Clerk and Director
Age: 60
Chief Financial Officer and Senior Vice President
Age: 52
Vice President of Lessee Relations and Legal
Age: 54
Vice President of Human Resources
Age: 48
Vice President of Sales - TimePayment Corp.
Age: 56
Compensation as of Fiscal Year 2014.

MicroFinancial Inc. Key Developments

MicroFinancial Inc.(NasdaqGM:MFI) dropped from NASDAQ Composite Index

MicroFinancial Inc. will be removed from NASDAQ Composite Index.

Two Putative Shareholder Class-action Lawsuits Files against MicroFinancial, its Directors, MF Merger Sub, MF Parent and Fortress Investment Group LLC

Two putative shareholder class-action lawsuits were filed against MicroFinancial Inc., its directors, MF Merger Sub Corp., MF Parent LP and Fortress Investment Group LLC after MicroFinancial's announcement that it agreed to be acquired by MF Parent and MF Merger Sub. The lawsuits each allege claims for breaches of fiduciary duties against the board related to the transactions contemplated by the merger agreement and that MF Parent, MF Merger Sub and Fortress Investment Group aided and abetted the purported breaches of such duties. The lawsuits seek, among other things, certification of the putative class, certain forms of injunctive relief, the board's disclosure of all material information relating to the transactions, rescission of the transactions or the award of damages, and an accounting for damages the defendants caused and for all profits or benefits the defendants obtained as a result of their alleged breach of fiduciary duties. The defendants believe that the lawsuits are without merit and intend to vigorously defend against all asserted claims.

MicroFinancial Incorporated Declares Cash Dividend, Payable on January 15, 2015

MicroFinancial Incorporated announced that its Board of Directors declared a cash dividend of $0.08 per common share payable on January 15, 2015, to holders of record of common stock at the close of business on January 12, 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 15, 2014
--
Buyback
July 29, 2014
--
 

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