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Fortune Industries
Fortune can't explain 'significant and unusual' stock swing
March 19, 2013
Jeff NewmanFortune Industries Inc. shares on Monday jumped as much as 285 percent from Friday’s closing price. The New York Stock
Exchange found the move and an intense spike in trading volume so odd that it asked the company for answers.
MoreFortune Industries set to accept $13.3M buyout offer
February 21, 2013
Scott OlsonThe proposed buyer is CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer
Randy Butler, who first bid for the company last March.
MoreFortune Industries abandons sale to skilled-nursing operator
January 11, 2013
Scott OlsonThe professional employer organization has terminated its purchase agreement with Ide Management Group LLC of Greenfield and
now plans to pursue a sale it had explored previously.
MoreFortune profit ticks up despite lower revenue
November 15, 2012
Indianapolis-based Fortune Industries Inc.’s profit ticked up slightly in its fiscal first quarter but revenue fell
due to the loss of two large clients, the company announced Wednesday.
MoreFortune Industries founder, chairman dies
August 28, 2012
Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been
in the process of selling the public company to management in a deal valued at $30.5 million.
MoreFortune Industries shareholder drops suit against company
August 27, 2012
Scott OlsonMark Haagen had sought class-action status on behalf of certain shareholders, charging that the price offered in a proposed
sale for each share in the company is too low. Haagen voluntarily dismissed the suit.
MoreFortune buyout would help exec out of financial jam
June 9, 2012
Greg AndrewsSale to managers would alleviate problems for company's 70-year-old namesake and keep firm from being seized by bank.
MoreFortune Industries shareholder seeks to stop proposed sale
April 17, 2012
Scott OlsonA shareholder of Indianapolis-based Fortune Industries Inc. has filed suit against the public company and its top executives,
seeking class-action status on behalf of shareholders who want to stop a transaction that would take it private.
MoreSale of Fortune Industries would take company private
March 30, 2012
Scott OlsonThe company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial
Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
MoreFortune Industries reports annual profit growth
September 28, 2011
The publicly held Indianapolis-based professional employer organization's profit in fiscal year 2011 more than doubled from
the previous fiscal year, to $1.3 million.
MoreFortune turns profit in first quarter on higher revenue
May 17, 2011
The Indianapolis-based professional employer organization reported a profit of $265,000 in the first quarter after posting
a loss of $426,000 in the same three months last year.
MoreFortune Industries reports higher profit, lower revenue
September 29, 2010
Indianapolis-based professional employer organization reported fiscal-year profit of $828,000, an 85-percent increase from
fiscal 2009. Revenue, however, fell 20 percent, to $60.7 million.
MoreFortune Industries names new chief executive
January 18, 2010
Scott OlsonFortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!