Key Developments For US Home Systems Inc
US Home Systems Inc (USHS.O) (Consolidated Issue listed on NASDAQ Global Market)
U.S. Home Systems, Inc. Comments On Q1 2009 EBIT Guidance
U.S. Home Systems, Inc. announced that it expects to incur an operating loss in the first quarter of 2009.
U.S. Home Systems, Inc. Announces Resignation of Peter T. Bulger As President
U.S. Home Systems, Inc. announced that effective February 2, 2009, Peter T. Bulger has resigned as President and Chief Operating Officer of the Company and its operating subsidiary, U.S. Remodelers, Inc., to pursue other business opportunities. The Board of Directors has appointed Murray H. Gross as President to replace Mr. Bulger. Mr. Gross currently serves as the Company's Chief Executive Officer and Chairman of the Board and previously served as President of the Company from 2001 to March 2007.
U.S. Home Systems, Inc. Issues Q1 2008 EPS Guidance
U.S. Home Systems, Inc. announced that for the first quarter of 2008, it expects bottom-line results to range between a $0.02 loss per share and a $0.02 gain in earnings per share.
U.S. Home Systems, Inc.'s Board Approves Additional $2 Million Stock Buyback
U.S. Home Systems, Inc. announced that the Board of Directors authorized the repurchase of up to $5.0 million of our outstanding common shares. As of December 31, 2007 we had purchased 737,093 shares at a cost of approximately $4,985,000. The Company has authorized a new program for the repurchase of up to $2 million of our outstanding common stock in the open market.
U.S. Home Systems, Inc. Announces Revision Of SFI Agreement With The Home Depot Home Services
U.S. Home Systems, Inc. announced that The Home Depot and the Company have mutually agreed to extend the service provider agreement until February 28, 2011 and to phase out the sale and installation of the Company's wood deck products in all The Home Depot markets. In addition, the Company and The Home Depot agreed that effective immediately, the Company will cease selling its deck products in the Midwest, Boston, Connecticut, Virginia Beach and Atlanta Home Depot markets.
