Atkins Specialty Services Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire an accountant.
Activist bloggers at http://www.ReformPICONow.com note that UCP Director Peter H. Lori is out of compliance with the Director Stock Ownership Guidelines. The activist bloggers are displeased that PICO proposes to pay certain members of "management" a bonus for the monetization of the UCP stake.
According to the UCP Director Stock Ownership Guidelines, within three years of appointment, all UCP Directors must own equity equivalents equal to at least three times their annual cash retainer.
According to the activist bloggers, "UCP Director and Univision CFO Mr. Lori is out of compliance with those Guidelines. Mr. Lori's third anniversary as a UCP Director passed in July of 2016. Based on the 2015 UCP Proxy Statement, the latest information available, Mr. Lori's annual cash retainer was $85,000. Three times this amount is $255,000. Per Mr. Lori's latest Form 4, he owns 23,273 shares and equity equivalents. With UCP shares currently selling for $9.90, Mr. Lori's UCP position has a value of $230,000. Mr. Lori is about $25,000 short of compliance.
General Wireless Operations Inc., d/b/a Radioshack, et al., seek authority from the U.S. Bankruptcy Court for the District of Delaware to employ Prime Clerk as administrative advisor to the Debtors.
Barstow Management, LLC seeks authorization from the U.S. Bankruptcy Court for the Northern District of Texas to employ Mitchell Law Firm as substitute counsel.
Cumberland Valley Development, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire a real estate broker.
The official committee of unsecured creditors of Avaya Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire an investment banker.
V. & V. Supermarkets Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire a financial advisor.