Key Developments: LoJack Corp (LOJN.OQ)

LOJN.OQ on NASDAQ Stock Exchange Global Select Market

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5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

CalAmp offers to acquire LoJack for $5.50 per share in cash
Thursday, 10 Dec 2015 07:30am EST 

CalAmp:Announced that it has made an offer to acquire all of the outstanding shares of common stock of LoJack Corp, for $5.50 per share in cash, in a transaction valued at approximately $113 million.  Full Article

LoJack Corp gives FY 2015 revenue guidance
Thursday, 7 May 2015 07:00am EDT 

LoJack Corp:Expects FY 2015 revenue to exceed the prior year and to generate positive adjusted EBITDA.FY 2015 revenue of $141 million and EBITDA of $10.53 million - Thomson Reuters I/B/E/S.  Full Article

LoJack Corp announces final legal settlement with Brazilian Licensee
Wednesday, 28 Jan 2015 05:58pm EST 

LoJack Corp:Says that LoJack Equipment Ireland Ltd. which manages the company's international licensee relationships, has reached a legal settlement with Tracker do Brasil LTDA.The agreement results in $5 million of total value to LoJack.Specifically, Tracker will pay LoJack $2 million in cash and will provide $3 million of value in the form of gross margin through product sales.The cash payments will be received evenly over the twelve months ending Jan. 2016.Of the total value, $4.0 million will be received in 2015 and $1.0 million will be received in the first seven months of 2016.The product sales are a combination of last time purchases by Tracker in Brazil and other purchases by Tracker affiliates with valid license agreements in other territories.The agreement also terminates all litigation between the parties, although LoJack Ireland's damages claim may be re-instated in the event that Tracker does not comply with the terms of the settlement agreement.And the immediate termination of Tracker as LoJack's exclusive licensee in the country of Brazil.  Full Article

LoJack Corp gives FY 2014 guidance
Thursday, 30 Oct 2014 07:10am EDT 

LoJack Corp:Expects FY 2014 revenues to be flat to slightly down from its 2013 full-year revenues.Expects FY 2014 adjusted EBITDA to be in the range of 3.5 - 1.5 pct of full-year revenues.  Full Article

LoJack Corp Names Kenneth L. Dumas as New Chief Financial Officer
Thursday, 30 Oct 2014 07:02am EDT 

LoJack Corp:Appoints Kenneth L. Dumas, CPA, as Chief Financial Officer, effective Nov. 10.Says Casey Delaney, who became Acting CFO in May 2014, will remain LoJack's Vice President and Controller.  Full Article

LoJack Corp and Trackunit A/S form strategic alliance
Monday, 27 Oct 2014 09:05am EDT 

LoJack Corp:Says strategic alliance with Trackunit A/S.This agreement enables both companies to strengthen their positions as providers of commercial equipment telematics solutions.Companies will introduce the new ruggedized commercial equipment tracking products in both U.S and Canada.  Full Article

LoJack Corporation lowers FY 2014 guidance
Tuesday, 12 Aug 2014 07:00am EDT 

LoJack Corporation:Expects FY 2014 net revenue to increase in the range of 5pct to 7pct over FY 2013.Expects adjusted EBITDA in the range of 5pct to 6pct of FY 2014 revenue.Reported revenue of $140.2 million in FY 2013.  Full Article

LoJack Corporation announces Chief Financial Officer transition
Tuesday, 27 May 2014 04:01pm EDT 

LoJack Corporation:Executive Vice President and Chief Financial Officer Donald R. Peck is leaving company to pursue new opportunities.LoJack has retained international executive search firm Heidrick & Struggles to assist in the process of identifying a successor.Casey Delaney, LoJack's Vice President and Controller will serve as Acting CFO until full-time replacement is named.  Full Article

LoJack Corp reaffirms FY 2014 guidance
Thursday, 1 May 2014 07:04am EDT 

LoJack Corp:Continues to expect revenue for FY 2014 to increase 8 to 10 pct over revenue for FY 2013.Based on planned investments to develop and grow its connected car business, the company expects adjusted EBITDA in the range of 5 pct to 7 pct of FY 2014 revenue.Reported revenue of $140.2 million in FY 2013.FY 2014 revenue of $154.2 million and EBITDA of $13.6 million - Thomson Reuters I/B/E/S.  Full Article

LoJack Corp announces dismissal of public accounting firm - Form 8-K
Tuesday, 1 Apr 2014 05:08pm EDT 

LoJack Corp:Approved dismissal of KPMG LLP (KPMG) as companies independent registered public accounting firm effective immediately.Audit Committee approved Grant Thornton LLP as Company‚Äôs independent registered public accounting firm beginning Q1 ending March 31.  Full Article

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