Key Developments: American Apparel Inc (APP)

APP on American Stock Exchange

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23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

American Apparel appoints Colleen B. Brown as Chairperson
Monday, 22 Dec 2014 08:30am EST 

American Apparel Inc:Says Allan Mayer and David Danziger have stepped down as Co-Chairmen of the Board.Appoints Colleen B. Brown as Chairperson.  Full Article

American Apparel Inc reaffirms FY 2014 EBITDA guidance
Monday, 10 Nov 2014 04:30pm EST 

American Apparel Inc:Reaffirms previously issued guidance that Adjusted EBITDA will be in the range of $40 million to $45 million for FY 2014.FY 2014 EBITDA of $42 million - Thomson Reuters I/B/E/S.  Full Article

American Apparel Inc appoints new interim ceo and chief financial officer
Monday, 29 Sep 2014 08:30am EDT 

American Apparel Inc:Says the appointment of Scott Brubaker as interim chief executive officer of the company.Hassan Natha as executive vice president and chief financial officer, effective immediately.  Full Article

American Apparel Inc lowers high end of prior FY 2014 EBITDA guidance to a range in line with analysts' estimates
Monday, 18 Aug 2014 05:14pm EDT 

American Apparel Inc:Estimates Adjusted EBITDA will be in a range of $40 million to $45 million for FY 2014.FY 2014 EBITDA of $41 million - Thomson Reuters I/B/E/S.  Full Article

American Apparel Inc's board suspends Dov Charney as CEO and declares intent to terminate him for cause; Names John Luttrell as interim CEO
Wednesday, 18 Jun 2014 10:32pm EDT 

American Apparel Inc:Says the board of the company voted to replace Dov Charney as chairman and notified him of its intent to terminate his employment as president and ceo for cause.It is expected that termination will be effective following a 30-day cure period required under terms of Charney's employment agreement.Board suspended Charney from his positions as president and ceo, effective immediately, pending the expiration of the cure period.At same time, the board appointed John Luttrell as interim chief executive officer.Also effective immediately, the board appointed Allan Mayer and David Danziger as co-chairmen to replace Charney as chairman of Board.In accordance with terms of his employment agreement, the board intends to request Charney's resignation as a member of the board concurrently with effective time of his termination.  Full Article

American Apparel Inc reaffirms FY 2014 EBITDA guidance
Monday, 12 May 2014 04:30pm EDT 

American Apparel Inc:Reaffirms its prior estimate of adjusted EBITDA for FY 2014 of $40 million to $50 million.FY 2014 EBITDA of $43 million - Thomson Reuters I/B/E/S.  Full Article

American Apparel Inc announces pricing of public offering of common stock
Wednesday, 26 Mar 2014 08:17am EDT 

American Apparel Inc:Prices underwritten public offering of 61,000,000 shares of its common stock at a price to the public of $0.50 per share.Intends to use the net proceeds to fund working capital and for general corporate purposes, including its April 2014 cash interest payment on the company's senior secured notes.Offering is expected to close on or about March 31.Roth Capital Partners is acting as sole book-running manager.Brean Capital and National Securities Corporation, a subsidiary of National Holdings, Inc. (NHLD), are acting as co-managers for the offering.  Full Article

American Apparel Inc announces public offering of common stock
Tuesday, 25 Mar 2014 08:30am EDT 

American Apparel Inc:Public offering of $30,500,000 shares.Net proceeds will be used to fund working capital and for general corporate purposes.Intends to grant underwriters a 30-day option to purchase up to $4,575,000 of additional shares.Roth Capital Partners acts as sole book-running manager.Brean Capital acts as co-manager for offering.  Full Article

American Apparel Inc gives FY 2014 EBITDA guidance; revenue guidance below analysts' estimates
Thursday, 6 Mar 2014 05:23pm EST 

American Apparel Inc:Expects FY 2014 net sales of between $634 million and $658 million.Expects FY 2014 adjusted EBITDA of $40 million to $50 million.FY 2014 revenue of $668 million and EBITDA of $50 million - Thomson Reuters I/B/E/S.  Full Article

American Apparel Inc reaffirms FY 2013 EBITDA guidance
Thursday, 14 Nov 2013 05:20pm EST 

American Apparel Inc:Sees FY 2013 EBITDA guidance in the range from $46-$51 mln.  Full Article

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American Apparel updates code of ethics document

- American Apparel Inc updated its code of ethics on the company's website, after firing founder Dov Charney as its chief executive last month for alleged misconduct.

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