Key Developments For Houston Wire & Cable Company
Houston Wire & Cable Company (HWCC.O) (Nasdaq)
Houston Wire & Cable Company Declares Fourth Quarter Dividend
Houston Wire & Cable Company announced that the Board of Directors of the Company have declared a cash dividend of $0.085 per share on the Common Stock, payable November 27, 2009, to shareholders of record of Common Stock at the close of business on November 16, 2009.
Houston Wire & Cable Company Executes Second Amended And Restated Loan Security Agreement
Houston Wire & Cable Company announced that its wholly owned subsidiary HWC Wire & Cable Company, has executed the Second Amended and Restated Loan Security Agreement (Loan Agreement) dated September 21, 2009. Financing is being provided by Bank of America, N.A, and the $75 million asset-based facility has a four-year term that expires on September 20, 2013. All of the assets of the Borrower, with the exception of its real property, have been pledged as security for the Loan Agreement. The Company is also a guarantor for the Loan Agreement.
Houston Wire & Cable Company Declares Third Quarter Dividend
Houston Wire & Cable Company announced that its Board of Directors declared a cash dividend of $0.085 per share on the Common Stock, payable August 28, 2009, to shareholders of record of Common Stock at the close of business on August 14, 2009.
Houston Wire & Cable Company Adopts Stockholder Rights Plan
Houston Wire & Cable Company announced that its Board of Directors has adopted a Stockholder Rights Plan (the Rights Plan) to protect the Company and its stockholders from unsolicited attempts or inequitable offers to acquire the Company. The Rights Plan has no immediate dilutive effect and does not affect the Board's ability to accept a fair offer to acquire the Company in a negotiated transaction. To implement the Rights Plan, the Company has declared a dividend distribution of one preferred stock purchase right (a Right) for each outstanding share of the Company's common stock. Each Right will entitle the holder to buy one one-thousandth of a share of a new series of junior participating preferred stock at a purchase price of $40.00, subject to adjustment. The distribution will be made on or after May 28, 2009 to stockholders of record as of the close of business on that date and is not taxable to stockholders.
Houston Wire & Cable Company Declares Second Quarter Dividend
Houston Wire & Cable Company announced that it has declared a cash dividend of $0.085 per share on the Common Stock, payable May 29, 2009, to shareholders of record of Common Stock at the close of business on May 18, 2009.
