Last €3.24 EUR
Change Today +0.017 / 0.53%
Volume 0.0
37S On Other Exchanges
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Exchange
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As of 1:16 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

spark networks inc (37S) Snapshot

Open
€3.16
Previous Close
€3.23
Day High
€3.27
Day Low
€3.07
52 Week High
07/29/14 - €4.61
52 Week Low
01/21/15 - €2.68
Market Cap
78.9M
Average Volume 10 Days
40.0
EPS TTM
--
Shares Outstanding
24.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SPARK NETWORKS INC (37S)

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spark networks inc (37S) Details

Spark Networks, Inc. provides online personals services in the United States and internationally. It operates in four segments: Jewish Networks, Christian Networks, Other Networks, and Offline and Other Businesses. The company primarily owns and operates online singles desktop and mobile Web sites that enable adults to meet, participate in a community, and form relationships with like-minded individuals. The company’s Web sites offer various features that include posting of a personal profile and photos, onsite email centers, real-time chat rooms, instant messaging services, and offline singles events, as well as hotlists and favorites, message boards, ice breakers, and Click!; and are available in English, Hebrew, and French languages. Its principal Website, ChristianMingle.com, targets Christian singles; and JDate.com targets Jewish singles in the United States. The company also offers travel and other promotional events, such weekend getaways, dinners, speed dating events, or other mixers designed to facilitate social interaction. As of December 31, 2013, it had 297,696 average paying subscribers. The company was incorporated in 2007 and is headquartered in Los Angeles, California.

201 Employees
Last Reported Date: 03/14/14
Founded in 2007

spark networks inc (37S) Top Compensated Officers

Chief Financial Officer and Principal Account...
Total Annual Compensation: $271.6K
Chief Information Officer
Total Annual Compensation: $260.4K
Compensation as of Fiscal Year 2013.

spark networks inc (37S) Key Developments

Spark Networks Appoints Robert O'Hare as CFO

Spark Networks, Inc. announced the appointment of Robert O'Hare as Chief Financial Officer, effective March 1, 2015. Mr. O'Hare will report to CEO, Michael Egan and will have responsibility for the Company's global financial operations. Brett Zane, after having made significant contributions as CFO since 2007, will work closely with Mr. O'Hare to ensure a seamless transition. Mr. Zane will leave the Company on March 11, 2015. Mr. O'Hare is joining the Company from Square, Inc., where he served as Corporate Finance & Investor Relations Lead since 2013. From 2010 to 2013, he served as Director of Financial Planning & Analysis at Pandora Media, Inc.

Spark Networks Announces Amendments to its Credit Agreement

On January 28, 2015, Spark Networks, Inc. entered into an Eighth Amendment to Credit Agreement, along with its wholly-owned subsidiary Spark Networks USA, LLC, as borrower, certain subsidiaries of the Company, as guarantors, and Bank of America, N.A. as administrative agent, and the lenders thereto. The Eighth Amendment amends the Credit Agreement, originally dated February 14, 2008, to, among other things, modify certain financial covenants governing leverage ratios and capital expenditures. Under the Eighth Amendment, for each quarter ending December 31, 2014, March 31, 2015, June 30, 2015 and September 30, 2015, the minimum consolidated adjusted EBITDA for each six month period shall not be less than $3.3 million, $3.8 million, $2.2 million and $2.3 million, respectively. For the quarter ending December 31, 2015 and each fiscal quarter ending thereafter, the minimum consolidated adjusted EBITDA for each six month period shall not be less than $1.8 million. The Eighth Amendment also imposes limitations on capital expenditures in the ordinary course of business not exceeding $3 million during each fiscal year, subject to certain exceptions; provided, that for fiscal 2015, the capital expenditure limitation shall be $3.5 million.

Spark Networks, Inc. Announces Management Changes

On December 15, 2014, Spark Networks, Inc. announced that the company’s Board of Directors will appoint Michael S. Egan as Chief Executive Officer, effective January 2, 2015. In conjunction with Mr. Egan’s appointment, Michael J. McConnell will step down from his position as Interim Executive Chairman on January 2, 2015, but will retain his role as Chairman of the Board. Mr. Egan is joining the company from Internet Brands, Inc., where he served in a number of capacities since 2008. He has most recently served as Senior Vice President and Group General Manager of the Home, Careers, Money and Health Divisions. Also on December 15, 2014, Stephen Davis resigned from the Board and Audit Committee of the company, effective immediately. Mr. Davis is not resigning from the Board due to any disagreement with the company on any matter relating to the company’s operations, policies, or practices. Also on December 15, 2014, effective immediately, the Board appointed Lee K. Barba to serve as director and member of the Audit Committee, with a term ending at the company’s 2015 annual meeting of stockholders. Mr. Barba fills the vacancy created by the resignation of Mr. Davis. At this time, the Board also has appointed Mr. Barba to the Audit Committee. Since 2009, Mr. Barba has been an active investor and a member of the board of directors of several privately held companies.

 

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