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Mesa Laboratories Inc. Message Board

  • goutah3006 goutah3006 Jan 21, 2012 12:04 PM Flag

    8K Filing

    On 5 December 2011, Mesa Labs filed a Form 8K containing the following:

    "Mesa Laboratories, Inc., a supplier of instruments and consumables for manufacturing quality control applications, on December 1, 2011, has entered into severance agreements with its executive officers, John J. Sullivan, Steven W. Peterson, Glenn E. Adriance, and Michael L. Tranmer. These agreements are effective only following a change in control of the Company and in the situation where the executive officer is terminated not for cause within 24 months of the change in control. As a severance payment, the agreements provide for two (2) years salary and health benefits continuation following the termination. All of the agreements follow the same form, and expire at termination of the individual officer, or at the end of the twenty four month period following a covered change of control."

    This could be interpreted to mean that Mesa is being courted by a potential buyer. Or it could mean that Mesa merely wants to set up a severance arrangement for current management in case a buyout takes place but does not currently see a buyout as being imminent. In any event, it seems to indicate that Mesa management sees a buyout as being a significant possibility, which means that management probably thinks the stock is undervalued.

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