Activist investor nominates 10 candidates for Deckers board
Activist investor Marcato Capital Management nominated 10 candidates for the board of directors for Goleta-based Deckers Brands. The shoe company confirmed that it had received the nominations in a news release issued Sept. 13. Earlier in the month, Deckers set a Sept. 15 deadline for nominations and pushed back its annual stockholders meeting, usually held Read More →
Limoneira reports revenues up but net income down
Santa Paula citrus producer and real estate investment company Limoneira reported on Sept. 11 a slight increase in revenues for its third quarter, ended July 31, but a drop in net income to $7.7 million, or 52 cents per share. Avocado production fell by nearly half, since the crop bears in alternate years, but declines Read More →
Involve your children in philanthropy
By Mike Feldman Over the next few decades, an estimated $30 trillion is expected to pass from baby boomers to their heirs in the biggest wealth transfer in history. Unfortunately, most family wealth is earned and lost within three generations. Engaging the younger generations in philanthropic efforts is one way to prepare them for future Read More →
Revenues up at Calavo Growers but net income down
Calavo Growers reported a 15 percent increase in its third quarter revenues but net income fell to $8.8 million, or 50 cents per share, down from $12.7 million and 73 cents per share for the previous third quarter. The Santa Paula company’s Renaissance Food Group saw a 24 percent increase in revenue, but cost of Read More →
Deckers Brands delays meeting, deadline for director nominations
Deckers Brands, the Goleta maker of Ugg boots, set a Sept. 15 deadline for the nomination of new directors after coming under fire from activist investors who demanded the sale of the company. Filings with the Securities and Exchange Commission on Sept. 5 also pushed the annual meeting back until December. The company told the Read More →
Paso Robles-based IQMS reports record revenue growth
Paso Robles-based manufacturing software company IQMS reported that it had seen record revenue growth for the first half of 2017 and expects to end the year up 25 percent compared to 2016. The company said it had received million-dollar deals throughout the first two quarters, with deal sizes increasing overall, and that it was reinvesting Read More →
Semtech shares fall despite rise in net income
Shares for Camarillo semiconductor and Internet of Things company Semtech fell more than 5 percent after the company reported a rise in net income but a lower than expected third quarter outlook. Net sales for the quarter ended July 30 increased 13 percent over its previous second quarter to $153.1 million, for a net income Read More →
