Key Developments: Quiksilver Inc (ZQK)
7.76USD
24 May 2013
$0.04 (+0.52%)
$7.72
$7.64
$7.76
$7.57
638,861
1,966,545
$8.08
$2.09
Latest Key Developments (Source: Significant Developments)
Quiksilver Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Quiksilver Inc announced that for fiscal 2013, it expects revenue growth constant currency of 4% to 7%. The Company reported revenue of $2.013 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.105 billion for fiscal 2013. Full Article
Quiksilver Inc Appoints Andy Mooney As President and Chief Executive Officer
Quiksilver Inc announced that its Board of Directors has appointed Andy Mooney as President and Chief Executive Officer, succeeding Quiksilver`s co-founder Bob McKnight, who has been named Executive Chairman. Mooney will also join the Quiksilver Board of Directors. All of these changes will become effective January 11, 2013. Full Article
Quiksilver Inc Issues FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
Quiksilver Inc announced that for fiscal 2013, it expects constant currency net revenue growth in the range of 4% to 7%. The Company reported revenue of $2.013 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.090 billion for fiscal 2013. Full Article
Robbins Umeda LLP Announces Investigation of Quiksilver Inc
Shareholder rights firm Robbins Umeda LLP announced that it is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors of Quiksilver Inc. Robbins Umeda is investigating whether Quiksilver's officers and directors violated or failed to follow Quiksilver's shareholder approved year 2000 Stock Incentive Plan. In particular, on June 13, 2011, the board of directors' Compensation Committee granted 2,000,000 restricted stock units valued at $9,300,000 to Quiksilver's President and Chief Executive Officer, Robert B. McKnight, and 1,000,000 restricted stock units each valued at $4,650,000 to both Pierre Agnes, President of Quiksilver Europe, and Craig Stevenson, President of Quiksilver Americas. Quiksilver's Stock Incentive Plan limits the performance based equity awards that may be granted to any individual participant to 800,000 shares per calendar year. In addition the investigation seeks to determine if Quiksilver's 2012 Proxy filed on February 8, 2012, contained false and misleading statements and omitted materially important information regarding the granting of stock to executives. In particular, the 2012 proxy failed to disclose that the June 13, 2011 stock grants violated the 2000 Stock Incentive Plan. Full Article
Levi & Korsinsky, LLP Launches Investigation into Possible Breaches of Fiduciary Duty by Board of Directors of Quiksilver Inc in Connection with Executive Compensation
Levi & Korsinsky, LLP announced that it is investigating Quiksilver Inc, and its Board of Directors, in connection with the compensation provided to certain executive officers. Full Article
Quiksilver Inc Appoints Richard Shields As Chief Financial Officer
Quiksilver Inc announced that it has appointed Richard Shields as the Company’s Chief Financial Officer, effective May 11, 2012. Mr. Shields will be responsible for all areas of the Company’s finance and accounting on a global basis. Full Article
Quiksilver, Inc.'s CFO Joe Scirocco To Resign
Quiksilver, Inc. announced that Joe Scirocco, the Company’s corporate Chief Financial Officer (CFO), has decided to leave the Company to pursue other interests. Scirocco, who has served as CFO of Quiksilver, Inc. since April 2007, plans to continue in his current role for a period of time while the Company performs a search for his replacement. Full Article
Quiksilver, Inc. Reaffirms Log Term Guidance-Conference Call
Quiksilver, Inc. reiterates to remain on track to achieve its longer-term financial objectives of generating annual revenues between $2.5 billion and $3 billion, and at least $350 million of annual EBITDA. According to Reuters Estimates, analysts were expecting the Company to report revenue of $2 billion EBITDA of $230 million for fiscal 2012; revenue of $2.1 billion, EBITDA of $261 million for fiscal 2013; revenue of $2.2 billion, EBITDA of $288 million for fiscal 2014. Full Article
BRIEF-Quiksilver shares down 12.8 pct after the bell following results
NEW YORK, Dec 13 - Quiksilver Inc : * Shares were down 12.8 percent after the bell following the release of its results.
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