HHGregg promotes three executives
Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.
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Dodson Group CFO to plead guilty to wire fraud
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.Dodson Group hit crisis mode after trusted CFO suspected of theft
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of
aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger.
Accounts receivable for his company,
the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s
coffers.Loan defaults could cost David Marsh his Geist home
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.WellPoint considered going private, CFO says-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 WellPoint Inc. executives “explored” a plan to take the company private, its chief financial officer told investors today, according to a Reuters report. Because the stock price of the Indianapolis health insurer has been so low, its leaders considered using its own cash and lots of debt to help […]
CTS Corp.
CTS Corp. CTS Corp., 905 W. Boulevard North, Elkhart, 46514 (www.ctscorp.com), designs, manufactures, assembles and sells electronic components and sensors. For the quarter ended March 31, 2009, the company reported a net loss of $35.7 million, or $1.06 per diluted share, on $118.1 million in revenue. That compares with net income of $6.7 million, or […]
Hurco Cos. Inc.
Hurco Cos. Inc. Hurco Cos. Inc., One Technology Way, Indianapolis, 46268 (www.hurco.com), designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal-cutting and metal-forming industry. Its products are sold in the United States, Europe and Asia. For the quarter ended Jan. 31, the company reported net income of $354,000, or […]
Westfield plans $60M sports complex-WEB ONLY
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets. The […]
Westfield plans $60M youth-sports complex
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
BREAKING: Westfield plans $60M sports complex-WEB ONLY
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets. The […]
Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Richard M. Shepperd $801,216 $420,000 $381,216 $0 -53% CEO and president $0 Michael R. Cox $217,980 $165,000 $27,980 $0 12% CFO and vice president $25,000 Edward M. Chait $192,148 $165,000 $27,148 $0 2% chief business officer […]
Lauth’s future in question-WEB ONLY
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession. The firm started 2008 with about 450 employees but after several rounds of layoffs, it now […]
Questions about expenses have dogged Marsh before
Don Marsh lashed back last month after the owner of Marsh Supermarkets Inc. filed a lawsuit accusing him of billing the company
for millions of dollars in personal expenses.BEHIND THE NEWS: Questions about expenses have dogged Marsh before-WEB ONLY
Don Marsh lashed back last month after the owner of Marsh Supermarkets Inc. filed a lawsuit accusing him of billing the company for millions of dollars in personal expenses. He said in a statement that “it is clear the out-of-state, venture capitalist group ownership is looking for someone to blame for their own poor business […]
Most office-space renters opt to stay where they are
Tight budgets, unsure future make moving unattractive to office-space renters.
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) William M. Lasky $789,732 $231,873 $525,833 $32,026 N/A CEO and president $0 Terrence J. Keating $1,281,887 $210,196 $500,000 $571,691 -86% chairman $0 John R. Murphy $2,053,351 $460,136 $850,000 $743,215 6% former CEO and president $0 David […]
Finish Line hires former Borders exec as CFO-WEB ONLY
The Finish Line Inc. has hired the former chief financial officer of national bookstore chain Borders Group Inc. to take the same position at the Indianapolis-based athletic footwear and apparel retailer. Edward W. Wilhelm, 50, joined Ann Arbor, Mich.-based Borders in 1997 after a four-year stint at Troy, Mich.-based Kmart Corp. He will take over […]
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Keith E. Busse $3,556,242 $767,500 $741,147 $2,046,595 12% CEO $1,000 Richard P. Teets Jr. $2,067,828 $441,667 $443,051 $1,812,110 21% executive vice president $1,000 Mark D. Millett $2,050,595 $441,667 $443,051 $1,164,877 8% executive vice president $1,000 Gary […]
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) John A. Kite $570,360 $358,125 $186,300 $25,935 19% CEO and president $0 Thomas K. McGowan $479,721 $300,875 $151,163 $27,683 17% chief operating officer $0 Alvin E. Kite Jr. $423,013 $150,000 $255,000 $18,013 34% chairman $0 Daniel […]