During Friday’s Afternoon trade, Shares of Eaton Corp plc (NYSE:ETN), lost -0.23% to $68.36.
Eaton Corp plc (ETN) declared a number of senior leadership appointments in anticipation of Chairman and Chief Executive Officer Alexander M. “Sandy” Cutler’s retirement at the end of May 2016. The appointments are the result of the Board’s multi-year succession administration process to continue the evolution of Eaton’s strategy and performance capabilities and to sustain the company’s values-based culture.
Craig Arnold, 55, has been designated president and chief operating officer of Eaton and a member of the board of directors, effective Sept. 1, 2015. Arnold will be designated chairman and chief executive officer of Eaton on June 1, 2016. Cutler, who has been Eaton’s chairman and chief executive officer since August 2000, will retire on May 31, 2016, having reached Eaton’s mandatory CEO retirement age of 65.
Eaton Corporation plc operates as a power administration company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, wiring devices, and structural support systems, in addition to single phase power quality, emergency lighting, fire detection, circuit protection, and lighting products. The company’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution products, power reliability equipment, and services.
Shares of Cvent Inc (NYSE:CVT), inclined 0.06% to $26.32, during its Afternoon trading session.
Cvent Inc (CVT) a leading cloud-based enterprise event administration platform, recently declared the winners of its third annual Cvent Plannie Awards at the company’s annual customer conference, Cvent CONNECT. The five-day event is presently taking place (June 14-18) in Las Vegas at the MGM Grand Hotel & Casino with more than 2,000 Cvent customers in attendance.
The 2015 Cvent Plannie Awards recognizes users who exemplify success in various meeting and event planning functions. This year, Cvent introduced two new categories as a result of new technological investments: Best Onsite Experience, highlighting customers’ successful use of onsite tools like CrowdCompass, OnArrival and SocialWall; and Best Event Feedback Strategy, highlighting customers who are using Inquisium feedback solutions to improve their event strategy.
Cvent, Inc. provides a cloud-based enterprise event administration platform with solutions for both sides of the events and meetings value chain in North America and internationally. Its cloud-based solution addresses the entire event lifecycle by allowing event and meeting planners to organize, market, and manage their meetings, conferences, tradeshows, and other events.
Paramount Group Inc (NYSE:PGRE), during its Friday’s Afternoon trading session gained 0.49% to $17.40.
Paramount Group Inc (PGRE) declared that its board of directors declared a regular quarterly cash dividend of $0.095 per share of common stock for the second quarter ending June 30, 2015. The dividend will be payable July 15, 2015 to stockholders of record as of the close of business on June 30, 2015.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramount’s portfolio comprised of 12 Class A office properties aggregating about 10.4 million square feet that was 93.9% leased.
Finally, Flotek Industries Inc (NYSE:FTK), decreased -0.78%, to $12.72.
Flotek Industries Inc (FTK) declared that its Board of Directors had authorized a new share repurchase program allowing the Company to repurchase up to $50 million of the Company’s common stock. The Company’s Board of Directors had formerly authorized a share repurchase program under which the remaining authorized amount is about $8.0 million. The Company intends to complete the existing repurchase program before repurchasing shares under the new program. Under the new program, the Company’s common stock could be purchased through a combination of discretionary purchases on the open market or in privately negotiated transactions as permitted under Securities Exchange Act of 1934 Rule 10b-18. Attached hereto as Exhibit 99.1 and incorporated by reference herein is the press release announcing the approval of the new share repurchase program.
Flotek Industries, Inc. develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the United States and internationally. Its Energy Chemical Technologies segment designs, develops, manufactures, packages, and markets specialty chemicals used in oil and gas well drilling, cementing, completion, stimulation, and production. This segment also constructs and manages automated material handling facilities; and manages loading facilities and blending operations for oilfield services companies.
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