United States

Active Power Inc (ACPW.PH)

ACPW.PH on Philadelphia Stock Exchange

27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Active Power announces retirement of board chairman Ake Almgren
Tuesday, 26 Jan 2016 09:00am EST 

Active Power Inc:Announced its board chairman Ake Almgren has informed the company that he will retire from the board after the company's annual shareholder meeting in 2016.Announces the appointment of Daryl Dulaney to the company's board effective January 20, 2016.Board also unanimously voted to elect Dulaney to succeed Almgren as board chairman after the 2016 annual shareholder meeting.  Full Article

Active Power Inc agrees to settle previously disclosed shareholder litigation
Thursday, 2 Oct 2014 09:00am EDT 

Active Power Inc:Says it has entered memorandums of understanding to settle the previously disclosed lawsuits.The first is the class action lawsuit pending is in the U.S. District Court for the Western District of Texas captioned Don Lee v. Active Power, Inc., et. al. (Civil Action No. 1:13-cv-797-SS).And second is consolidated shareholder derivative lawsuit pending in the District Court of Travis County, Texas, filed by two separate shareholders and captioned Okumura v. Almgren, et al. (Cause No. D-1-GN-13-003230) and Shaev v. Milner, et. al. (Cause No. D-1-GN-13-003557).Says the proposed settlements would resolve for all defendants all of the issues that are pending in the class action and in the consolidated derivative action relating to Active Power's previous disclosures regarding Digital China Information Services Company Ltd and Qiyuan Network Systems Ltd.Says it determined to settle these matters to eliminate the burden, distraction and expense of further litigation.Says if completed, the class action settlement would result in a payment of $1.5 mln to the settlement class, inclusive of fees and expenses.Says the proposed consolidated derivative settlement includes, among other things, certain governance improvements.Says it the total settlement amounts and related expenses would be paid from insurance proceeds.  Full Article

BRIEF-Active Power files for mixed shelf of up to $38.5 mln - SEC filing

* Files for mixed shelf of up to $38.5 million - SEC filing Source text for Eikon: [(http://1.usa.gov/1NP3LPq )] Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)