Charles L. Treadway, CommScope Holding Company, Inc.'s President and CEO and a director of the company, recently disposed of 65,584 shares of the company. The disposals took place at $9.21 per share, on October 01, 2022.
Why to go Chuck setting an example what faith you have in CS to rebound under your leadership. Lol
@wqql+1j33cVIP easy answer to your Technicolor query, they didn't get into bed with Carlyle. Hence, they were free to take remedial actions. I believe that Chuck's hands are tied in what changes he can implement without upsetting his boss who want their $1B back with with at least another $5B in profit without having to wait 20 years for payback!
HN gets the attention because CS made a big hoo-ha about trying then failing to get rid of it. How did technicolor manage to spin out their equivalent without much fuss
Access Network Solutions isn't doing great, but folks only notice HN!
vmgw+1j33cVIP are you seriously proposing that the company issue $9.5B worth of stock to pay off its debts?
For one, I cannot imagine Carlyle accepting such a massive stock dilution given the resulting stock price decimation which would ensue. Plus, the C-Suite wish to cash in their free stock options for dollars, not cents. More likely that they would sell off divisions a piece at a time and cash in when the SP spike. Or, they could try and find a buyer which would allow them to cash in.
Why couldn't the company just issue more shares of stock on the open market to generate cash to meet their debt payments in 2025 and later?
@uxld+1j33cVIP you are deluded if you think that even with HN gone that CS will be able to meet its debt repayment obligations of $1.3B in 2025, $4.5B in 2026, and $2.75B in 2027 with negative cashflow!! Yes, debt refinancing appear to be management's last best hope, but it will be costly. I think we now know why C-Suite ensured their security with the recent change of control severance agreement. Clearly they will not be around come 2025/2026 to endure the consequence of their inability to turn things around. The recent insider stock purchases is also a signal that they are expecting a corporate event which will see them well rewarded.
Home Networks boat anchor doesn't help.
Latest results werent well received, any idea way?
So why wasn't Joe Chow's name listed as one of the executives? Either HN will be gone by the time the change of control take place, or once again HN is being punished.
CS is risky. Still holding $9.5b in debt for the past 4 yrs. Half the outstanding debt coming due. Lol much more debt than revenue.
June 2025 notes $1.3b
April 2026 notes $3.6b
Negative cash flow, adding more to satisfy Chuck and Carlyle as they suck them dry faster than a pr-------e. No money to pay off and risk and rates to high to refi.
Who’s a$$ you kissing, you like half truths apparently. Did you bother to look at all the grants that were made at ZERO cost? He and his golfing buddies running CS in the ground are crooked. You must be trying to be one of them. Go ahead, CS won’t be around much longer. Press release today ab the debt revolver is a joke. For many years they have had that and never used it, now it’s used like ho---r. Bankruptcy is coming soon. They are narrowing from Peter to pay Carlyle. No fool would buy CS knowing they can buy for pennys on the dollar in bankruptcy court.
Wrong again. He had stock that vested and shares from that grant were used to pay taxes. That’s how it’s typically done. Go more than a centimeter deep and you’ll find the facts.
Who ever was speaking of using cash flow to pay down debt. Lol. What CF, it’s been negative the past 3 quarters. Take a look at the balance sheet and the Accumulated deficit, Cash continues to shrink at faster rate while Carlyle sucks them dry. Bankruptcy with reorg in an attempt to shed some of the debt or a buyout and breakup is in the future. This company is dying a slow painful death.
Yes pretty standard, but has it been modified or are just now putting in place… bc something is up. If modified to extend and increase the amount paid out, another story.
I’ve been preaching rates and debt terms for ever and they are fked and so are the people scared to leave. You all had your chance when the job market was cooking but with everything slowing down a bit, good luck.
3rd qtr ER will be flat lined with nothing more than 5% increase at best with companies holding back to preserve cash don’t expect anything miraculous bc bottom line will still be a net loss.
All this severance agreements are pretty standard stuff. Relax everyone. Company is doing fine, stock price is up, and layoffs are non-existent. I am expecting good numbers from the 3rd quarter results. The debt notes that will come due next year is what I am worried about. With the interest rates so high, even if they refinance, it will be tough to continue making those monthly payments. I'd like to see them use their FCF to pay down some of it before the big notes come due in 2024 and beyond.
Heads i win, tails you lose
Is your severance this good?
“ if such termination occurs within twenty-four months following a change in control of the Company, the severance amount will be two times (three times for Mr. Treadway) the sum of the executive's Base Salary and Target Bonus, paid in a single lump sum“
https://www.conferencecalltranscripts.com/summary/?id=11369270
Now they game themselves a golden parachute. The Carlyle gang plus joke Mingle.
On October 4, 2022, CommScope Holding Company, Inc. (the “Company”) entered into severance protection agreements with certain executive officers, including Charles L. Treadway, its President and Chief Executive Officer; Kyle D. Lorentzen, its Executive Vice President and Chief Financial Officer; Justin C. Choi, its Senior Vice President, Chief Legal Officer and Secretary; and Robyn T. Mingle, its Senior Vice President and Chief Human Resources Officer. The agreements are effective October 4, 2022 and have a two-year term that automatically extends by one year on January 1 of each year.
Good luck suckers. Something is cooking.
Yahoo is a joke. Follow trading platforms and you will find the things that matter.
From the SEC Firm 4 filed.
https://quantisnow.com/insight/3492850
Where are you getting that information? I believe the trading window closed September 6th. All employees with knowledge of the business can only trade during specific dates after the earnings have been announced. I looked on yahoo finance and did not see any sales by Chuck.