Enterprising Investor
7年前
Command Center Announces Final Results of Its Tender Offer (7/30/19)
Command Center, Inc. (Nasdaq: CCNI) (“Command Center” and/or the “Company”) today announced the final results of its previously announced tender offer (“Tender Offer”) to purchase up to 1,500,000 shares of its common stock, par value $0.001 per share (the “Shares”), at a purchase price of $6.00 per share. The Tender Offer expired at 12:00 midnight, New York City time, on Thursday, July 25, 2019.
Based on the final count by Continental Stock Transfer & Trust Company, the Depositary for the Tender Offer, the Company has accepted for purchase 1,394,821 Shares, for an aggregate cost of approximately $8.4 million, excluding fees and expenses relating to the Tender Offer. The Shares purchased represent approximately 9.6% of the Company’s common stock issued and outstanding as of July 29, 2019.
Following consummation of the Tender Offer, the Company has 13,071,846 Shares outstanding.
As noted in the offer to purchase relating to the Tender Offer, the Company may also purchase additional Shares in the future in the open market subject to market conditions. The Company may also purchase Shares in private transactions, tender offers, or otherwise. Under applicable securities laws, however, the Company may not purchase any Shares until after August 8, 2019. Any future purchases of Shares by the Company will depend on many factors, including the market price of the Shares, the results of the Tender Offer, results of operations, financial position and capital requirements, general business conditions, legal, tax and regulatory constraints or restrictions, any contractual restrictions and other factors it deems relevant.
Questions concerning the Tender Offer may be directed at the information agent, InvestorCom LLC at (877) 972-0090 or email info@investor-com.com.
About Command Center, Inc.
Command Center and its subsidiary Hire Quest, LLC (“Hire Quest”) provide flexible on-demand employment solutions to businesses in the United States, primarily in the areas of construction, light industrial, manufacturing, hospitality and event services. Through more than 150 franchised and corporately-owned field offices in 32 states and the District of Columbia, the Company, through Hire Quest, provides employment annually for approximately 85,000 field team members working for thousands of clients. For more information about Command Center, go to www.commandonline.com.
Enterprising Investor
7年前
Command Center Announces Preliminary Results of its Tender Offer (7/26/19)
DENVER--(BUSINESS WIRE)--Command Center, Inc. (Nasdaq: CCNI) (“Command Center” and/or the “Company”) today announced the preliminary results of its previously announced tender offer (“Tender Offer”) to purchase up to 1,500,000 shares of its common stock, par value $0.001 per share (“Shares”), at a purchase price of $6.00 per share. The Tender Offer expired at 12:00 midnight, New York City time, on Thursday, July 25, 2019.
Based on the preliminary count by Continental Stock Transfer & Trust Company, the Depositary for the Tender Offer, 1,407,421 Shares were properly tendered and not withdrawn, including 37,299 Shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by the Depositary, the Company expects to acquire 1,407,421 Shares, for an aggregate cost of approximately $8.4 million, excluding fees and expenses relating to the Tender Offer. The Shares expected to be acquired represent approximately 9.7% of the total number of Shares issued and outstanding as of July 25, 2019.
Following consummation of the Tender Offer, the Company expects to have 13,059,246 Shares outstanding.
The number of Shares tendered and not withdrawn is preliminary and is subject to verification by the Depositary and to the proper delivery of all Shares tendered and not properly withdrawn (including Shares tendered pursuant to guaranteed delivery procedures which are assumed to be delivered within the two-trading day settlement period). The actual number of Shares validly tendered and not withdrawn will be announced promptly following completion of the verification process. Promptly after such announcement, the Depositary will issue payment for the Shares validly tendered and accepted under the Tender Offer, and return any Shares tendered and not purchased. Payment for Shares will be made in cash, without interest.
As noted in the offer to purchase relating to the Tender Offer, the Company may also purchase additional Shares in the future in the open market subject to market conditions. The Company may also purchase Shares in private transactions, tender offers, or otherwise. Under applicable securities laws, however, the Company may not purchase any Shares until after August 8, 2019. Any future purchases of Shares by the Company will depend on many factors, including the market price of the Shares, the results of the Tender Offer, results of operations, financial position and capital requirements, general business conditions, legal, tax and regulatory constraints or restrictions, any contractual restrictions and other factors it deems relevant.
Questions concerning the Tender Offer may be directed at the information agent, InvestorCom LLC at (877) 972-0090 or email info@investor-com.com.
About Command Center, Inc.
Command Center and its subsidiary Hire Quest, LLC (“Hire Quest”) provide flexible on-demand employment solutions to businesses in the United States, primarily in the areas of construction, light industrial, manufacturing hospitality and event services. Through more than 150 franchised and corporately-owned field offices in 32 states and the District of Columbia, the Company, through Hire Quest, provides employment annually for approximately 85,000 field team members working for thousands of clients. For more information about Command Center, go to www.commandonline.com.
https://www.businesswire.com/news/home/20190726005094/en/Command-Center-Announces-Preliminary-Results-Tender-Offer
greasemonkeyshoes
9年前
New store added in the potato state.........
opens in Sunset Village
Offering help with finding temporary employees for labor and staffing, Command Center has opened in Sunset Village at 296 W. Sunset Ave.
The employees can be in manufacturing, warehouse, construction, labor, cleanup, housekeeping, hospitality, banquet servers and more. Employees are encouraged “to come with a positive attitude ready to go to work with the possibility of growth and development.”
Hours at Command Center Staffing are 6:30 a.m. to 5 p.m. weekdays with on-call opportunities Saturdays and Sundays. Phone 208-667-9590. Check www.commandonline.com.
http://www.cdapress.com/business/20171022/business_bits_coming_soon_to_the_silver_lake_mall
greasemonkeyshoes
9年前
Started picking up shares of this company........
Why?
1 Stock buyback: up to 15%(next 3 years) or 5% deduction of shares per year,
2 Organic growth: 10% topline,
3 Company balance sheet improved from poor to fair.
Next Q:
1 I expect record revenue,close to $30.0 million,
2 SG&A kept around 22% and lower,
3 eps around 1.5c-2c(3% of revenue/os shares)
What I like to see long term:
1 Another M&A like Hancock,accretive to revenue by 5%+,and no screwup,
2 SG&A trending is deleveraged down to 21%,20%,19%(this is my most important buying trigger in 3Q/4Q/2018)
ps-for those looking for a quick buck: ivfh.
1center
9年前
$CCNI .37c..Command Center Authorizes New $5 Million Stock Repurchase ProgramFont size: A | A | A
7:00 AM ET 9/15/17 | Dow Jones
DENVER--(BUSINESS WIRE)--September 15, 2017--
The board of directors of Command Center, Inc. (OTCQB: CCNI), a national provider of on-demand and temporary staffing solutions, has authorized a new three-year, $5.0 million stock repurchase program, effective September 5, 2017.
The program replaces the company's prior three-year, $5.0 million repurchase program, which was put into place on April 20, 2015. Under the prior plan, approximately 6.1 million shares were purchased and retired for $2.9 million, or approximately $0.47 per share. During the fourth quarter of 2016, the company suspended purchases under the prior 2015 repurchase plan, and no shares have been purchased subsequent to that time. As of the effective date of the current 2017 repurchase plan, the prior 2015 plan is no longer in effect.
"Share repurchases have and will continue to be an important component of our capital allocation strategy," said Bubba Sandford, president and CEO of Command Center. "Our strong financial results for the past several quarters have strengthened our balance sheet, providing not only the flexibility to opportunistically repurchase our own shares but also allowing us to continue evaluating additional store openings and potential acquisitions. We continue to believe these strategies are optimal for driving long-term shareholder value."
The shares authorized to be repurchased under the new repurchase program may be purchased from time to time at prevailing market prices, through open market or in negotiated transactions, depending upon market conditions. Activity in the repurchase program will begin immediately and will be funded using the company's working capital. There is no guarantee as to the exact number of shares that will be repurchased by the company or the timeframe within which they may be purchased. The company may discontinue repurchases under the plan if management determines additional repurchases are not warranted.
About Command Center
Command Center provides flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services. Through 66 field offices, the company provides employment annually for approximately 34,000 field team members working for over 3,200 clients. For more information about Command Center, go to www.commandonline.com.
Hot Features
プレミアム
ブラジル証券取引所、NASDAQ、NYSE、AMEX、LSEなどの主要取引所からの複数のリアルタイム株価を監視します。
Renee
9年前
Prime-Time
9年前
DarkPool
10年前
SkyFullOfStars
11年前
メールアドレスで登録
