Key Developments: DGSE Companies Inc (DGSE.A)

DGSE.A on American Stock Exchange

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

DGSE Companies Inc names Dusty Clem as chairman, president and CEO
Monday, 21 Apr 2014 09:01am EDT 

DGSE Companies Inc:Says James D. Dusty Clem has been appointed to the positions of chairman, president and chief executive officer effective immediately.Clem replaces James Vierling, who has resigned as CEO.  Full Article

DGSE Companies Inc Announces Final Court Approval of Settlement of Stockholder Litigation Matters
Thursday, 24 Oct 2013 06:14pm EDT 

DGSE Companies Inc announced that the United States District Court for the Northern District of Texas has granted final approval of the previously announced proposed settlement of class action and derivative litigation relating to the Company`s previously disclosed accounting irregularities and subsequent restatement of financial results. The approved settlements resolve all issues which were pending before the United States District Court for the Northern District of Texas, in the two filed cases entitled Grant Barfuss, on behalf of himself and all others similarly situated vs. DGSE Companies, Inc.; L. S. Smith, John Benson and William Oyster (Civil Action No. 3:12-cv-3664), and Jason Farmer, Derivatively on Behalf of Nominal Defendant DGSE Companies, Inc., Plaintiff, v. William H. Oyster, James D. Clem, William Cordeiro, Craig Alan-Lee, David Rector, L. S. Smith, and John Benson, Defendants, and DGSE Companies, Inc., Nominal Defendant (Civil Action No. 3:12-cv-3850). As previously disclosed, the defendants have agreed to pay $2 million to resolve all claims in both suits (including obligations to pay plaintiffs` attorneys` fees). The Company has also incurred its own attorneys` fees and expenses associated with finalizing the settlement. It is expected that approximately 90% of the total settlement amount and related expenses will be paid from insurance proceeds.  Full Article

DGSE Companies Inc Announces Preliminary Court Approval of Settlement of Stockholder Litigation Matters
Monday, 30 Sep 2013 10:00pm EDT 

DGSE Companies Inc announced that the United States District Court for the Northern District of Texas has granted preliminary approval of the previously announced proposed settlement of class action and derivative litigation relating to the Company's previously disclosed accounting irregularities and subsequent restatement of financial results. The proposed settlements will resolve all issues which are pending before the United States District Court for the Northern District of Texas, in the two filed cases entitled Grant Barfuss, on behalf of himself and all others similarly situated vs. DGSE Companies, Inc.; L. S. Smith, John Benson and William Oyster (Civil Action No. 3:12-cv-3664), and Jason Farmer, Derivatively on Behalf of Nominal Defendant DGSE Companies, Inc., Plaintiff, v. William H. Oyster, James D. Clem, William Cordeiro, Craig Alan-Lee, David Rector, L. S. Smith, and John Benson, Defendants, and DGSE Companies, Inc., Nominal Defendant (Civil Action No. 3:12-cv-3850).  Full Article

DGSE Companies Inc Expands With Ninth Store In Dallas-Fort Worth Metroplex
Friday, 28 Jun 2013 08:00am EDT 

DGSE Companies Inc announced that it has opened a Dallas Gold & Silver Exchange retail location in Garland, Texas. This location, which represents DGSE's ninth store in the Dallas-Fort Worth Metroplex, provides the Company complete east-west coverage of the area. It also represents the Company's second new store opening during 2013, following the opening of its Southern Bullion Coin & Jewelry store in Cummings, Georgia in April. The Company has also taken a hard look at its existing store locations, and made the difficult decision to close two Southern Bullion locations this year, which brings its total number of stores to 34 in seven states.  Full Article

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