Key Developments For Hurco Cos Inc
Hurco Cos Inc (HURC.O) (Nasdaq)
Hurco Companies, Inc. Announces Appointment Of President-Form 8-K
Hurco Companies, Inc. announced in its Form 8-K that the Board of Directors have appointed Michael Doar as President of the Company with effect from October 31, 2009. As previously announced by the Company, James D. Fabris resigned as President and Chief Operating Officer of the Company effective October 31, 2009. Mr. Doar will continue to serve as the Company's Chief Executive Officer and Chairman of the Board.
Hurco Companies, Inc. Announces Departure Of James D. Fabris As President
Hurco Companies, Inc. announced that James D. Fabris, will resign from his positions as President and Chief Operating Officer of the Company effective October 31, 2009, to pursue other interests. The Company expects that, for the foreseeable future, the functions previously performed by Mr. Fabris will be performed by Michael Doar, the Company's Chairman and Chief Executive Officer.
Hurco Companies, Inc. Announces $4.5 Million Mortgage Financing
Hurco Companies, Inc. announced that it has obtained $4.5 million of additional liquidity through a first mortgage loan on its Indianapolis corporate headquarters. The loan matures in April 2009, with partial pre-payment in periodic installments during the preceding seven years based on a 20-year amortization rate. In addition, the Company has amended its domestic bank credit facility, extending its maturity to June 30, 2003, and reducing the lenders' commitments from an existing maximum of $19.8 million to $10.0 million at June 30, 2002. Outstanding borrowings under this facility were $3.2 million and total outstanding borrowings were $8.5 million at April 30, 2002.
Hurco Companies, Inc. Names John Oblazney as New Chief Financial Officer
Hurco Companies, Inc. announced that John Oblazney has been hired as the new Chief Financial Officer of the Company effective September 2, 2006.
Hurco Companies, Inc. Announces Departure Of CFO
Hurco Companies, Inc. announced that its Chief Financial Officer, Stephen J. Alesia, has notified the Company that he intends to resign from his position effective September 1, 2006, to pursue another business opportunity.
