You can never hear the darn things. Can barely hear the replay.
They need to retire the tin cans and the string and figure out how to use a microphone.
Why does the new Yahoo discard most of my posts? Every Yahoo update gets worse. QA in India?
Anyhoo, we see SVT divesting unprofitable divisions. Good business move - takeover coming? After all, Trbovich Sr is getting up there in age.
Then a poison pill - afraid of hostile takeover?
After that, Trbovich Jr. is REMOVED from all operating positions. Not resigned - REMOVED, with a statement that no arbitration has been initiated even though his emplyment contract was terminated. Salary reduction before take over? Or, was his hand in the till like the CFO before Cari? That dude stole from we shareholders for 20 years!
Something's up - what do you think?
Way too many given the small number of shares outstanding - nearly 10% dilution.
Mgmt. has done a fine job but Olaf's half million in total comp is plenty for a company of this size.
Vote NO on the proxy.
Annual Incentive Compensation Earned in 2011. Mr. Wherry and Mr. Jones earned a bonus award during 2011 in the amounts of $102,780.24 and $107,540.91, respectively, which will be paid in 2012 pursuant to The Goldfield Corporation Performance-Based Bonus Plan (the “Plan”). The criteria and methodology for determining Mr. Wherry’s and Mr. Jones’s 2011 bonuses were approved at the meeting of the Board of Directors held on March 17, 2011. Mr. Sottile requested that the Committee forego granting him a bonus award for 2011 and the Committee acceded to his request. A copy of the letter from Mr. Sottile to the Committee with respect to the waiver of his bonus is filed as Exhibit 10-1 to this Current Report on Form 8-K.
Letter dated March 15, 2012 from John H. Sottile to the Benefits and Compensation Committee of the Board of Directors of The Goldfield Corporation.
John H. Sottile
7825 South Tropical Trail
Merritt Island, FL 32952
March 15, 2012
The Benefits and Compensation Committee of the Board of Directors of The Goldfield Corporation
Please be advised that I wish to forgo bonus due me under the bonus plan approved by the Board of Directors on March 17, 2011.
This waiver does not otherwise waive any rights I have in my Employment Agreement and is limited to my 2011 bonus. Thank you for your continued cooperation.
/ s / JOHN H. SOTTILE
John H. Sottile
cc: Board of Directors of The Goldfield Corporation
About 40% of that was a one-time bargain purchase gain. Real earnings were in the .20s.
Backlog level even with 2.7 million from an acquisition which means the core business has declined.
Not the best EMS out there, it seems.
I have called 3 times and left messages. None were returned.
The office staff referred to Boone as "the owner." Guess he's forgotten that there are other owners. He has about 30%.
The call date is 8/2014, not 9/2013
We may elect to redeem any or all of the junior subordinated debentures at any time on or after August 1, 2014 at 100% of their principal amount plus accrued and unpaid interest to the date of redemption as described under “Summary of Terms of the Junior Subordinated Debentures—Redemption.”
just got mentioned in this article:
It would be nice if it can go on a run like APT did.