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Key Developments: Harman International Industries Inc (HAR.N)

HAR.N on New York Stock Exchange

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29 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Harman International Industries Inc announces quarterly cash dividend
Thursday, 28 Apr 2016 08:00am EDT 

Harman International Industries Inc:Declared a cash dividend on April 28, 2016 of $0.35 per share for the quarter ended March 31.Quarterly dividend will be paid on May 23 to each stockholder of record date as of May 9, 2016.  Full Article

Former Harman International Industries Inc executive pleads guilty to insider trading - Reuters News
Monday, 28 Mar 2016 02:08pm EDT 

Harman International Industries Inc:A former Harman International Industries Inc executive admitted on Monday to insider trading in the company's stock just prior to the release of a stronger-than-expected quarterly earnings report.Hamilton, 45, of Norwalk, faces up to 20 years in prison, but could get one to two years under recommended federal guidelines, according to his plea agreement. He also agreed not to contest a $131,958 fine, representing his illegal profit.Brian Spears, a lawyer for Hamilton, declined to comment. The defendant is free on bond, and scheduled to be sentenced on June 10. He also faces related U.S. Securities and Exchange Commission civil charges.Prosecutors said Hamilton illegally profited on 17,000 Harman shares he bought through a Charles Schwab account belonging to him and his wife on Oct. 30, 2013, a day before the company released quarterly results.Hamilton allegedly bought the shares after reviewing drafts of Harman's quarterly report and press release announcing the results, and listening to a conference call with Harman's audit committee during which the results were discussed.The defendant was arrested on Feb. 5, and no longer works at Harman.  Full Article

Harman International Industries Inc exec arrested in U.S. for insider trading - Reuters
Friday, 5 Feb 2016 06:39pm EST 

Harman International Industries Inc:An executive at Harman International Industries Inc HAR.N was arrested on Friday and accused by U.S. prosecutors of trading on inside information about a stronger-than-expected quarterly report. - RTRS.Dennis Hamilton, a vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. - RTRS.The U.S. Securities and Exchange Commission filed a related civil lawsuit over the non-public information that the agency said he learned at his job, which supplies car infotainment systems. - RTRS."We allege that Hamilton traded on details known only to company insiders and took advantage of the stock market's fair and level playing field," said Sharon Binger, director of the SEC's office in Philadelphia. - RTRS.Hamilton, 45, was released on a $2 million bond into home confinement with electronic monitoring after an appearance in court. His court-appointed lawyer declined comment. - RTRS.According to the criminal complaint, on Oct. 18, 2013, Hamilton received an email attaching a draft of Harman's quarterly report, and subsequently on Oct. 24 received an email with a draft earnings press release for the first fiscal year quarter of 2014 - RTRS.  Full Article

Harman International Industries Inc announces quarterly cash dividend
Thursday, 28 Jan 2016 08:00am EST 

Harman International Industries Inc:Declared a cash dividend on January 28, 2016 of $0.35 per share for the quarter ended December 31, 2015.Quarterly dividend will be paid on February 23, 2016 to each stockholder of record as of the close of business on February 8, 2016.  Full Article

Harman International Industries Inc to acquire Towersec Automotive Cyber Security
Tuesday, 5 Jan 2016 08:00am EST 

Harman International Industries Inc:Says it is acquiring TowerSec, a global automotive cyber security company specializing in network protection for connected vehicles.TowerSec's technology will be integrated into HARMAN's 5+1 security architecture aimed at protecting the critical points of vulnerability in the connected and autonomous car, including hardware, network and Over The Air (OTA) updates.  Full Article

Harman International Industries Inc announces quarterly cash dividend
Thursday, 29 Oct 2015 08:00am EDT 

Harman International Industries Inc:Declares cash dividend on Oct. 29 of $0.35 per share.Payable on Nov. 24 to each stockholder of record as of the close of business on Nov. 9.  Full Article

Harman International Industries Inc announces collaboration with Renesas to deliver a complete in-vehicle network solution
Tuesday, 15 Sep 2015 05:30am EDT 

Harman International Industries Inc:Announces a joint collaboration with Renesas to deliver an in-vehicle network solution and premium entertainment experience that helps automakers take the driving to higher levels of safety and convenience.  Full Article

Harman International Industries Inc gives FY 2016 guidance; EPS guidance below analysts' estimates
Thursday, 6 Aug 2015 11:07am EDT 

Harman International Industries Inc:Expects FY 2016 Revenue of $7,000 mln.Expects FY 2016 EBITDA of 12.5%.Expects FY 2016 Earnings Per Share of $6.50.FY 2016 revenue of $6,959 mln and EPS of $6.60 - Thomson Reuters I/B/E/S.  Full Article

Harman International Industries Inc declares cash dividend
Tuesday, 4 Aug 2015 08:01am EDT 

Harman International Industries Inc:Declares cash dividend on Aug. 4 of $0.35 per share.Payable on Aug. 28 to each stockholder of record as of the close of business on Aug. 14.  Full Article

Harman increases annual dividend
Thursday, 25 Jun 2015 08:00am EDT 

Harman International Industries Inc:Has adopted an annual cash dividend policy pursuant to which the company will increase its annual cash dividend by six pct to $1.40 per share, to be paid quarterly at the rate of $0.35 per share as compared with the prior quarterly rate of $0.33 per share.The increased dividend will go into effect for the new fiscal year, which starts July 1, and the first quarterly payment will be in Sept. 2015.  Full Article

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