Key Developments: RMG Networks Holding Corp (RMGN.OQ)

RMGN.OQ on NASDAQ Stock Exchange Global Market

1.39USD
24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

RMG Networks Holding Corp's CFO William Cole to retire
Wednesday, 17 Sep 2014 04:00pm EDT 

RMG Networks Holding Corp:Says William G. Cole, 67, has notified board that for personal health reasons he intends to retire as Executive Vice President, Chief Financial Officer and Principal Accounting Officer effective Nov. 28.In preparation for Cole's planned departure, RMG Networks has begun search for permanent chief financial officer.Cole will remain in his current role full-time until his retirement and has agreed thereafter to remain available in order to facilitate a new CFO's transition.  Full Article

RMG Networks Holding appoints Robert Michelson Interim CEO and president
Thursday, 24 Jul 2014 04:05pm EDT 

RMG Networks Holding Corp:Says it has appointed Robert Michelson as interim president and interim chief executive officer, effective immediately.This appointment follows the resignation of Garry K. McGuire Jr. as the company's president and chief executive officer and his resignation.  Full Article

RMG Networks Holding Corp gives H2, FY 2014 revenue guidance and FY 2014 EBITDA guidance
Thursday, 8 May 2014 07:00am EDT 

RMG Networks Holding Corp:Continue to expect that sales investments made in H2 2013 will drive accelerated H2 2014 revenue and that the company will achieve 20 pct. year-over-year adjusted revenue growth for FY 2014.Expects to generate positive adjusted EBITDA for FY 2014.Reported revenue of $72.87 mln in FY 2013.  Full Article

RMG Networks Holding Corp announces advertising media partnership with etihad airways
Monday, 10 Feb 2014 05:32pm EST 

RMG Networks Holding Corp:Says the international expansion of its RMG Airline Media Network with the addition of digital assets from Etihad Airways, the national airline of the United Arab Emirates.Says new partnership will extend RMG's US leadership position in In-Flight advertising to a major global air carrier with premium advertising opportunities.Says proposed partnership with Etihad will bring RMG the exclusive right to sell advertising across its entire network of in-flight digital assets.  Full Article

RMG Networks Holding Corp Lowers FY 2013 Guidance
Thursday, 14 Nov 2013 07:00am EST 

RMG Networks Holding Corp announced that for fiscal 2013, it expects revenue to be in the range of $71-$76 million, which is slightly below the range previously provided due to a slower than expected ramp up in certain of the Company's international expansion and new product roll-out initiatives and Adjusted EBITDA to be between $(1.0) million and $1.0 million.  Full Article

RMG Networks Holding Corp Announces Partial Exercise of Underwriters' Over-Allotment Option
Monday, 19 Aug 2013 07:00am EDT 

RMG Networks Holding Corporation, or RMG Networks announced that the underwriters of its previously announced public offering of common stock have exercised a portion of their over-allotment option, purchasing an additional 365,000 shares of common stock at the public offering price of $8.00 per share, less underwriting discounts and commissions. Proceeds from the exercise of the option will be approximately $2.716 million, after deducting underwriting discounts and commissions. The over-allotment option exercise closed on August 16, 2013. Roth Capital Partners acted as sole book-running manager and Northland Capital Markets acted as co-manager in the offering. As previously announced, the company intends to use the net proceeds from the offering, including the net proceeds from the exercise of the over-allotment option, to pay down debt and for other general corporate purposes, which may include the funding of growth initiatives, capital expenditures, working capital and/or strategic acquisitions.  Full Article

RMG Networks Holding Corp Issues FY 2013 And FY 2014 Guidance
Wednesday, 14 Aug 2013 06:30am EDT 

RMG Networks Holding Corp announced that for fiscal 2013, it expects revenue to be in the range of $76-$78 million compared to $68.2 million in 2012 and adjusted EBITDA in the range of $5 million to $6 million compared to $7.5 million in 2012. For fiscal 2014, it expects revenue in the range of $105-$110 million and adjusted EBITDA in the range of $16-$18 million.  Full Article

RMG Networks Holding Corp Announces Pricing of Public Offering of Common Stock
Tuesday, 30 Jul 2013 08:09am EDT 

RMG Networks Holding Corp announced that it has priced an underwritten public offering of 5,000,000 shares of its common stock, at a public offering price of $8.00 per share. The Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 shares of common stock. The offering is expected to close on or about August 2, 2013. The Company intends to use the proceeds of the offering to pay down debt and for general corporate purposes, including the funding of the Company's growth initiatives. Roth Capital Partners is acting as sole book-running manager and Northland Capital Markets is acting as co-manager in the offering.  Full Article

SCG Financial Acquisition Corp Announces Resignation Of President-Form 8-K
Friday, 21 Jun 2013 04:58pm EDT 

SCG Financial Acquisition Corp reported in its Form 8-K that on June 21, 2013, SCG Financial Acquisition Corp. (Company) announced that Charles Ansley, the Company‚Äôs President, RMG Enterprise Solutions, announced his intent to retire effective July 12, 2013.  Full Article

SCG Financial Acquisition Corp Announces CFO Change-Form 8-K
Wednesday, 1 May 2013 05:23pm EDT 

SCG Financial Acquisition Corp reported in its Form 8-K that on April 25, 2013, Michelle Sibley resigned from her positions as Chief Financial Officer (CFO), Treasurer and Secretary of the Company, effective immediately. On April 25, 2013, the Board of Directors of the Company elected William G. Cole to the positions of Chief Financial Officer (CFO), Treasurer and Secretary of the Company, effective immediately.  Full Article

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