Key Developments: TESCO Corp (TESO.O)

TESO.O on Nasdaq

26 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Tesco Corp gives Q4 2014 outlook
Monday, 22 Dec 2014 07:02am EST 

Tesco Corp:Expects Q4 2014 revenues to improve sequentially.Expects Q4 2014 net earnings, excluding the non-recurring charges, to be in the range of $0.10 - $0.15 per diluted share.Reported revenue of $141.90 mln in Q3 2014.Q4 2014 revenue of $149.18 mln - Thomson Reuters I/B/E/S.  Full Article

Tesco Corp appoints Fernando Assing as president and chief executive officer
Friday, 19 Dec 2014 07:00am EST 

Tesco Corp:Julio M. Quintana has resigned from the positions of President and Chief Executive Officer.Quintana will remain an employee of the company until his Jan. 1, 2015 retirement date and will remain on the board of directors through his current term.The Board correspondingly appointed Assing as president and chief executive officer and appointed him to a vacant seat on the board of directors.  Full Article

Tesco Corp announces fourth quarter dividend
Wednesday, 12 Nov 2014 04:11pm EST 

Tesco Corp:Approves fourth quarter dividend of $0.05 per share of common stock.Record Date is on Nov. 24.Payable on Dec. 04.  Full Article

Tesco Corp signs deal with trade extensions
Monday, 10 Nov 2014 10:55am EST 

Tesco Corp:Signs a 12 month multi-user license with online sourcing and optimisation specialist Trade Extensions to use its TESS platform for complex sourcing and data capture projects.  Full Article

Tesco Corp announces succession plans
Thursday, 21 Aug 2014 04:15pm EDT 

Tesco Corp:Says Julio M. Quintana, President and Chief Executive Officer, has elected to retire at beginning of Jan. 2015.In accordance with company's succession plan, board has designated Fernando R. Assing, currently Executive Vice-President and Chief Operating Officer, to succeed Quintana.Quintana expects to formally retire on Jan. 10, 2015.However, transition of responsibilities to Assing is planned to be completed by mid-Dec. 2014.  Full Article

Tesco Corp announces third quarter dividend
Friday, 8 Aug 2014 08:08am EDT 

Tesco Corp:Board approved third quarter dividend of $0.05 per share of common stock issued and outstanding at close of business on Aug. 22 (record date).Payable on Sept. 2 to stockholders of record at close of business on record date.  Full Article

Tesco Corp initiates quarterly cash dividend and announces $100 mln share repurchase program
Monday, 5 May 2014 05:05am EDT 

Tesco Corp:Approved initiation of quarterly cash dividend to on common stock.Authorized repurchase of as much as $100 mln of Tesco's common shares.Declared Q2 cash dividend of $0.05 per share.Dividend will be paid on June 2.Record date on May 22.  Full Article

Tesco Corp announces auditor change - Form 8-K
Friday, 14 Feb 2014 04:40pm EST 

Tesco Corp:Says on Feb 10, the audit committee appointed Ernst & Young LLP (E&Y) as the company's independent registered public accounting firm for the fiscal year ending Dec 31.Says in conjunction with the selection of E&Y to serve as the company's independent registered public accounting firm, the audit committee dismissed PricewaterhouseCoopers LLP (PWC) from that role.  Full Article

Tesco Corp Announces Acquisition Of Automated Catwalks Technology From Custom Pipe Handlers Canada Inc
Tuesday, 19 Nov 2013 07:00am EST 

Tesco Corp announced the acquisition of automated catwalk technology from Custom Pipe Handlers Canada Inc. The acquired catwalk models offer customers the ability to service drilling rigs utilizing rig mechanization technology. The catwalk designs are mobile and adaptable to various rig structures, offering high tech solutions for handling pipe from the ground to the rig floor.  Full Article

Tesco Corp Announces Chief Financial Officer Change-Form 8-K
Tuesday, 22 Oct 2013 06:01am EDT 

Tesco Corp reported in its Form 8-K that On October 18, 2013, the Board of Directors of the Company and Robert L. Kayl, the Company‚Äôs Senior Vice President, Chief Financial Officer, and Principal Accounting Officer, mutually agreed to terminate their employment relationship effective November 11, 2013. On October 18, 2013, the Board of Directors of the Company appointed John M. Dodson to the positions of Interim Chief Financial Officer and Interim Principal Accounting Officer, effective November 11, 2013.  Full Article

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