Key Developments For Thomas Group, Inc.
Thomas Group, Inc. (TGIS.O) (Consolidated Issue listed on NASDAQ Global Market)
Thomas Group, Inc. Brings Strategic Planning Expertise to Patient-Centered Primary Care Collaborative Executive Committee
Thomas Group, Inc. announced that it has been selected by the Patient-Centered Primary Care Collaborative (PCPCC) to lead the strategic planning process for the coalition whose aim is to change the face of healthcare in America through its support of the patient-centered medical home (PCMH) model.
Thomas Group, Inc. Announces Appointment Of Frank W. Tilley As CFO- Form 8K
Thomas Group, Inc. announced in its form 8-K that the Board of Directors has appointed Frank W. Tilley as the Company’s Vice President and Interim Chief Financial Officer(CFO). Mr. Tilley replaces Michael J. Barhydt, who resigned effective April 11, 2008.
Thomas Group, Inc. Announces Reduction in Force; CFO Resigns
Thomas Group, Inc. announced a reduction in force affecting approximately one-third of its employees as a part of a restructuring plan approved by its Board of Directors. The Company estimates that these activities will remove approximately $6.0 million of annualized operating costs. The Company further announced that it will record a charge of approximately $180,000 to $250,000, net of tax effects, for one-time termination benefits related to employee severance and other benefits in its second quarter 2008 operating results. No other charges are expected as a result of these actions. Michael Barhydt has resigned as CFO effective April 11. A search is now underway for his replacement.
Thomas Group, Inc. Announces Intention To Repurchase Stock
Thomas Group, Inc. announced that its Board of Directors has reaffirmed the Company's existing stock purchase program and authorized the repurchase of shares of its common stock under that program. A total of 505,450 shares, representing approximately 5% of the Company's shares outstanding, remain subject to repurchase under the program. This repurchase program was initially announced in January 1999, but no shares have been repurchased under the program since October 2001.
Thomas Group, Inc. Announces Earle Steinberg As New President And Chief Executive Officer
Thomas Group, Inc. announced that it has appointed Earle Steinberg as President and Chief Executive Officer, effective March 10, 2008.
