News Article | February 22, 2017
TECHNOPOLIS PLC STOCK EXCHANGE RELEASE February 22, 2017 at 8.45 a.m. Notice to the Annual General Meeting Notice is given to the shareholders of Technopolis Plc of the Annual General Meeting to be held at 1 p.m. on Thursday, March 23, 2017 at the address Vaisalantie 6, (Innopoli 3), Espoo, Finland. The reception of persons who have registered for the meeting will begin at 12:30 p.m. A. Matters on the agenda of the General Meeting 1. Opening of the meeting 2. Calling the meeting to order 3. Election of persons to scrutinize the minutes and to supervise the counting of votes 4. Recording the legitimacy of the meeting 5. Recording the attendance at the meeting and adoption of the list of votes 6. Review by the Chairman of the Board 7. Presentation of the annual accounts, the report of the Board of Directors and the auditor’s report for the year 2016 as well as review by the Chief Executive Officer 8. Adoption of the annual financial statements 9. Resolution on the use of the profit shown on the balance sheet and the payment of dividend The Board of Directors proposes to the General Meeting that a dividend of EUR 0.12 per share be paid from the distributable profits of the parent company. The dividend shall be paid to shareholders who are recorded in the shareholders’ register of the company held by Euroclear Finland Ltd. on the dividend record date of March 27, 2017. The dividend shall be paid on April 4, 2017. 10. Resolution on the discharge of the members of the company’s Board of Directors and the CEO from liability 11. Resolution on the remuneration of the members of the Board of Directors The Shareholders’ Nomination Board proposes to the General Meeting that duly elected members of the Board of Directors be paid the following annual remuneration for the term of office expiring at the end of the next Annual General Meeting: to the Chairman of the Board of Directors: EUR 55,000 to the Vice Chairman of the Board of Directors and the Chairman of the Audit Committee (in case he/she is not simultaneously acting as Chairman or Vice Chairman of the Board): EUR 31,500 to the other members of the Board of Directors: EUR 26,250 each. The Nomination Board proposes that 40% of the annual remuneration be paid in Technopolis Plc shares acquired at a price determined in public trading. The shares will be acquired based on an acquisition program prepared by the company. If the remuneration cannot be paid in shares due to insider regulations, termination of the Board member's term of office, or other reasons relating to the company or the member of the Board, the annual remuneration shall be paid fully in cash. Board members are not allowed to transfer any shares obtained as annual remuneration before their membership of the Board has ended. The Board members having long-term, increasing shareholdings is in the interests of all shareholders. The Nomination Board proposes that each member of the Board shall, in addition to the annual fee, be paid a fee of EUR 600 and the Chairman of the Board of Directors a fee of EUR 1,200 for each Board meeting, as well as that each member of a committee will be paid a fee of EUR 600 and the chairmen of the committees a fee of EUR 800 for each committee meeting. The Nomination Board proposes that for meetings held outside the country of residence of the member and provided that the member is physically present at the meeting venue each member of the Board of Directors shall, however, be paid a fee of EUR 900 and the Chairman of the Board of Directors a fee of EUR 1,800 for each Board meeting, and each member of a committee shall be paid a fee of EUR 900 and the chairs of the committees a fee of EUR 1,200 for each committee meeting. The Nomination Board proposes that the travel expenses of the members of the Board of Directors and the members of the committees shall be compensated for in accordance with the company’s travel policy. 12. Resolution on the number of members of the Board of Directors The Shareholders’ Nomination Board proposes to the General Meeting that the Board of Directors shall comprise six (6) members. 13. Election of the Chairman, Vice Chairman and members of the Board of Directors The Nomination Board proposes to the General Meeting that the following individuals be re-elected as members of the Board of Directors for a term of office ending at the end of the next Annual General Meeting: Mr. Jorma Haapamäki, Mr. Juha Laaksonen, Mr. Pekka Ojanpää and Mr. Reima Rytsölä. Current Chairman of the Board of Directors Mr. Carl-Johan Granvik and member of the Board of Directors Ms. Annica Ånäs have informed the company that they are no longer available for re-election. In addition, the Nomination Board proposes that Ms. Helena Liljedahl and Ms. Christine Rankin are elected as new members of the Board of Directors for the same term of office. Helena Liljedahl, MSc in Business and Economics, born 1969, serves currently KF Fastigheter AB, a Swedish real estate development company and a subsidiary of KF Co-operative Union, as the Chief Executive Officer. She has previously served as the Chief Executive Officer of KF Fastigheter Centrumhandel AB which owns and administers shopping centers and supermarket properties, Head of Commercial Development at IKEA Centers Russia, Deputy CEO at the development consultant company Centrumutveckling AB and Asset Manager at Alecta Investment Management AB, the largest mutual pension company in Sweden. Christine Rankin, BSc in Business Administration and Economics, APA, born 1964, served until December 2016 as the Vice President, Finance at Serneke Group, a Swedish construction company. She has previously served as the Head of Corporate Control of Spotify and before that held several managerial positions at PricewaterhouseCoopers AB, as Partner, Head of Business Unit, Head of US Capital Markets Group and Head of Mobility. Furthermore, the Nomination Board proposes that Mr. Juha Laaksonen be elected as the Chairman of the Board of Directors and Mr. Jorma Haapamäki as the Vice Chairman for the same term of office. All the nominees are considered independent of the company and of the significant shareholders of the company, except for Mr. Reima Rytsölä who is not considered independent of significant shareholders as he serves Varma Mutual Pension Insurance Company, the largest shareholder of the Company, as the Executive Vice-President responsible for investments. The information essential to the Board work of all the proposed individuals is presented on the company’s website www.technopolis.fi. 14. Resolution on the remuneration of the auditor On the recommendation of the Audit Committee, the Board of Directors proposes to the General Meeting that remuneration of the auditor to be elected be paid against the auditor’s reasonable invoice. 15. Election of the auditor On the recommendation of the Audit Committee, the Board of Directors proposes to the General Meeting that KPMG Oy Ab, authorized public accountants, be re-elected auditor of the company for a term of office ending at the end of the next Annual General Meeting. KPMG Oy Ab has given notice that Mr. Lasse Holopainen, APA, would act as the auditor in charge. 16. Authorizing the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of own shares The Board of Directors proposes to the General Meeting that the Board of Directors be authorized to decide on the repurchase and/or on the acceptance as pledge of the company’s own shares as follows: The amount of own shares to be repurchased and/or accepted as pledge shall not exceed 15,850,000 shares, which corresponds to approximately 10% of all the shares in the company. Only the unrestricted equity of the company can be used to repurchase own shares on the basis of the authorization. The company’s own shares can be repurchased at the price prevailing in public trading on the date of the repurchase or otherwise at the price prevailing on the market. The Board of Directors decides how the company’s own shares will be repurchased and/or accepted as pledge. They can be repurchased using, inter alia, derivatives. They can also be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). The authorization is effective until the end of the next Annual General Meeting; however, no later than June 30, 2018. 17. Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling the holder to shares The Board of Directors proposes to the General Meeting that the Board of Directors be authorized to decide on the issuance of shares as well as the issuance of other special rights entitling the holder to shares referred to in Chapter 10, Section 1 of the Limited Liability Companies Act as follows: The amount of shares to be issued shall not exceed 15,850,000 shares, which corresponds to approximately 10% of all the shares in the company. The Board of Directors decides on all the conditions of the issuance of shares and of special rights entitling the holder to shares. The issuance of shares and of special rights entitling the holder to shares may be carried out in deviation from the shareholders’ pre-emptive rights (directed issue). The authorization is effective until the end of the next Annual General Meeting; however, no later than June 30, 2018. 18. Closing of the meeting B. Documents of the General Meeting The above-mentioned proposals for the decisions on the matters on the agenda of the General Meeting as well as this notice are available on Technopolis Plc’s website at www.technopolis.fi. The annual financial statements, the report of the Board of Directors and the auditor’s report of Technopolis Plc are available on the website no later than March 2, 2017. The proposals for decisions and other documents mentioned above are also available at the General Meeting and copies of these documents and of this notice will be sent to shareholders on request. The minutes of the General Meeting will be available on the company’s website as of April 6, 2017 at the latest. C. Instructions for the participants in the General Meeting 1. Shareholders registered in the shareholders’ register Each shareholder who is registered on Monday, March 13, 2017 in the shareholders’ register of the company held by Euroclear Finland Ltd. has the right to participate in the General Meeting. Shareholders whose shares are registered in their personal Finnish book-entry account are registered in the shareholders’ register of the company. Shareholders who are registered in the shareholders’ register of the company and want to participate in the General Meeting shall register for the meeting no later than on Monday, March 20, 2017 by 10.00 a.m. by giving a prior notice of participation, which has to be received by the company no later than the above-mentioned time. Such notice can be given: a) on the company’s website at www.technopolis.fi/registration; b) by e-mail firstname.lastname@example.org; c) by telephone to the number +358 46 712 0000 from Monday to Friday between 9.00 a.m. and 4.00 p.m.; d) by regular mail to the address Technopolis Plc / AGM, Energiakuja 3, FI-00180 Helsinki, Finland. In connection with the registration, shareholders shall provide their name, personal identification number or business identity code, address, telephone number and the name of any assistant or proxy representative and the personal identification number of any proxy representative. The personal data given to Technopolis Plc is used only in connection with the General Meeting and with the processing of related registrations. Shareholders, their authorized representatives or proxy representatives shall, where necessary, be able to prove their identity and/or right of representation at the General Meeting. 2. Holders of nominee-registered shares Holders of nominee-registered shares have the right to participate in the General Meeting by virtue of holding shares which would entitle them to be registered on Monday, March 13, 2017 in the shareholders’ register of the company held by Euroclear Finland Ltd. The right to participate in the General Meeting requires, in addition, that shareholders on the basis of such shares have been registered on Monday, March 20, 2017 by 10 a.m. at the latest in the temporary shareholders’ register held by Euroclear Finland Ltd. As regards nominee-registered shares, this constitutes due registration for the General Meeting. Holders of nominee-registered shares are advised to request without delay the necessary instructions regarding registration in the temporary shareholder’s register, the issuing of proxy documents and registration for the General Meeting from their custodian bank. The account management organization of the custodian bank must register holders of nominee-registered shares who want to participate in the Annual General Meeting in the temporary shareholders’ register of the company by the time stated above at the latest. Further information on the General Meeting and participation in the General Meeting is available on the company’s website at www.technopolis.fi/AGM2017. 3. Proxy representatives and power of attorney Shareholders may participate in the General Meeting and exercise their rights at the meeting by way of proxy representation. Proxy representatives shall produce a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares in different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting. The original versions of any proxy documents should be delivered to the address Technopolis Plc / AGM, Energiakuja 3, FI-00180 Helsinki, Finland, before the end of the registration period. 4. Other information Pursuant to Chapter 5, Section 25 of the Limited Liability Companies Act, shareholders who are present at the General Meeting have the right to request information with respect to the matters to be considered at the meeting. On the date of this notice to the General Meeting, February 21, 2017, the total number of shares in Technopolis Plc is 158,793,662, and the total number of votes they represent is 158,793,662. On the date of this notice to the General Meeting the Company holds in aggregate 1,958,745 own shares. Helsinki, February 21, 2017 TECHNOPOLIS PLC BOARD OF DIRECTORS Further information: Keith Silverang, CEO, tel. +358 40 566 7785 Carl-Johan Granvik, Chairman of the Board, tel. +358 50 1698 Technopolis provides the best addresses for success in six countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 50,000 employees in Finland, Sweden, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.
News Article | March 1, 2017
The Nomination Committee in Lindab International AB (publ) consists of Sven Hagströmer, representing Creades AB (publ), chairman, Carl Cederschiöld, representing Handelsbanken Fonder, Göran Espelund, representing Lannebo Fonder and Peter Nilsson, chairman of the Board of Lindab International AB (publ). The Nomination Committee proposes re-election of the Board members Per Bertland, Viveka Ekberg, Bent Johannesson, Peter Nilsson and Sonat Burman-Olsson. Hans Porat and Marianne Brismar have declined re-election. The Nomination Committee proposes election of John Hedberg and Anette Frumerie as new members of the Board. John Hedberg, born 1972, is President and CEO in Creades AB (publ). Before joining Creades AB (publ), John worked at NC Advisory AB, advisor to Nordic Capital Fonder, managing investments within media/telecom and industrial services. At Nordic Capital John worked i.a. with investments in Ellos, Saferoad and Quant, in which companies he served in the Board. John has previously worked at McKinsey & Co and has held various positions within Bonnier and Relacom. John has a M.Sc. in Business and Economics degree from Stockholm School of Economics. John is chairman of the Board in NOTE AB and Board member in Acne Studios och LOTS Group, a company within Scania Group. John does not hold any shares in Lindab. As President and CEO of Creades AB (publ), he is considered as being dependent in relation to major shareholders. Anette Frumerie, born 1968, is President and CEO in Besqab AB (publ) and has previously i.a. been Business Unit President Residential Development Nordic at Skanska (publ), Business Unit Manager of Foreign Real Estate Development & Construction at JM AB (publ). She has also held several positions within the JM Group. Anette has a M.Sc. in Engineering degree from KTH Royal Institute of Technology. Anette is a Board member in Stockholms Byggmästareförening/BI Öst since 2014. Anette does not hold any shares in Lindab and she is considered as being independent in relation to the company and major shareholders. The Nomination Committee proposes re-election of Peter Nilsson as chairman of the Board. The Nomination Committee's complete proposal and reasoned statement regarding election of the Board of Directors is available at the company's website www.lindabgroup.com. Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value. The Group had sales of SEK 7,589 m in 2015 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2015, the Nordic market accounted for 44 percent, Western Europe for 33 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 19 percent and other markets for 4 percent of total sales. The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. For more information visit www.lindabgroup.com.
News Article | February 15, 2017
Experts advocate the two cities join force in formation of complementary advantages to foster international competitiveness HONG KONG, CHINA--(Marketwired - Feb 15, 2017) - New research released today by the professors of The Chinese University of Hong Kong (CUHK) Business School's Center for Entrepreneurship (CfE) and Hong Kong Baptist University (HKBU)'s School of Business shows that entrepreneurship in Hong Kong and Shenzhen is on the rise. A collaborative effort by CUHK CfE, HKBU School of Business, the University of Hong Kong's Faculty of Business and Economics, Shenzhen Academy of Social Science and Savantas Policy Research Institute, the research titled "Global Entrepreneurship Monitor (GEM) Hong Kong and Shenzhen Report 2016-17" provides a detailed analysis of the current status of entrepreneurship in Hong Kong and Shenzhen. The study compares the results with past indicators for both ecosystems and provides an international benchmark with 65 economies worldwide. It is part of the global initiative, Global Entrepreneurship Monitor (GEM), the world's foremost comparative entrepreneurship study and a trusted resource on entrepreneurship for key international organizations such as the United Nations, World Economic Forum, World Bank and more. In the recent few years, Hong Kong and Shenzhen have experienced an explosive growth in the start-up support ecosystem. The GEM Hong Kong and Shenzhen Report 2016-17 shows that the start-up rates recorded a staggering increase in Hong Kong and Shenzhen from 2009 to 2016. In mid-2016, the early-stage entrepreneurial activity among the adult population was estimated at 9.44 percent (3.64 percent in 2009) in Hong Kong and 16.04 percent (4.8 percent in 2009) in Shenzhen. The growth has been driven by a rapid increase in Shenzhen's new* (+284 percent) and Hong Kong's growth in nascent** businesses (+206 percent) in comparison with 2009 statistics. The prevalence rates of established businesses recorded an increase as well: +389 percent for Shenzhen and +109 percent for Hong Kong. It is worth noting that while entrepreneurship rates are on the rise in Hong Kong and Shenzhen, they are declining in other places in China. Both cities have developed a separate start-up culture and entrepreneurial ecosystem that operate independently from the rest of the Mainland. The positive changes were not limited to early entrepreneurship rates only. The research team also observed a major shift in attitudes and entrepreneurial intentions. In particular, 56.8 percent of the adult population perceives start-up opportunities in Hong Kong. In Shenzhen, the same proportion of individuals who declared they possessed necessary skills and knowledge to start a new business (35.8 percent), also reported their intention to start a business in the next two years (36 percent). Comparing to 2009, the population with entrepreneurial intentions in Hong Kong grew from 7.3 percent to 19.7 percent in 2016, representing an impressive increase of +170 percent. Similarly, in Shenzhen the intentions grew from 17.6 percent to 36 percent, an increase of +105 percent. According to the study, cultural conditioning and attitudes towards entrepreneurship, perception of own skills, and exposure to entrepreneurship practices all had a positive impact on intentions to start businesses. Successful entrepreneurs are also regaining their high status and are promoted by local media in Shenzhen and Hong Kong. In terms of financial support, Hong Kong early-stage firms have lower capital requirements than that of their Shenzhen counterparts, which may be related to the lower technological intensity of Hong Kong firms. 92 percent of nascent entrepreneurs in the two cities declared that their principal source of financial support was their own savings. The role of the family in financing new ventures is still significant in Shenzhen, but not so much in Hong Kong. Banks are also more supportive of startups in Shenzhen than in Hong Kong and so are venture capitalists, which could be explained by a higher prevalence of start-ups with profound market impact. In Hong Kong, on the other hand, crowdfunding is more prevalent as the source of capital for early-stage businesses, a sign of a more established product innovation. Aligned with higher entrepreneurship rates, the research team also found a growing culture of informal investors developing in both cities. Shenzhen observed a much higher informal investment prevalence rate (20.5 percent) than Hong Kong (6.5 percent) of the adult population. In fact, Hong Kong and Shenzhen informal investors were two of the most generous among all economies in the study with a contribution of US$70,565 and US$76,112 respectively. The study has also recorded a dramatic change in investment patterns for Shenzhen. While in 2009 individuals were rather investing in family members, in 2016, friends and neighbors had been the first choice which was aligned with that of Hong Kong. In addition, the research team interviewed 39 Hong Kong and 37 Shenzhen experts in the field of entrepreneurship about their opinions on how the cooperation between Hong Kong and Shenzhen that would increase the cities' international competitiveness. The most frequent recommendation was to leverage the natural industry compatibilities between Hong Kong and Shenzhen. Other recommendations include: Prof. Kevin Au, Associate Director of CUHK CfE and Associate Professor of the Department of Management at CUHK Business School, says: "If Hong Kong and Shenzhen join forces in the formation of complementary advantages on entrepreneurship, it would strengthen the international and Mainland competitiveness for both. This can be the first step towards the development of the Hong Kong-Shenzhen megalopolis." Dr. Marta K. Dowejko, Research Assistant Professor in Entrepreneurship of the Department of Management at HKBU School of Business, says: "Hong Kong and Shenzhen are facing a fantastic opportunity: that of being in the perfect position to build a highly unique and internationally competitive start-up hub with an unparalleled ecosystem compatibility between the two cities and a supportive informal investment culture. While Shenzhen's start-ups are well geared to deliver innovative ideas with high growth potential, Hong Kong's entrepreneurs possess the know-how in taking ideas to the next level and ensuring their long-term sustainability. The results from this year's GEM report give testament to this unique setup that no other place in the world has." * 3 to 42 months old businesses ** in the process of starting up, less than three months old About CUHK Business School CUHK Business School comprises two schools -- Accountancy and Hotel and Tourism Management -- and four departments -- Decision Sciences & Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programs in the region. Today, the School offers 8 undergraduate programs and 13 graduate programs including MBA, EMBA, Master, MSc, MPhil and PhD. In the Financial Times Global MBA Ranking 2017, CUHK MBA is ranked 36th. In FT's 2016 EMBA ranking, CUHK EMBA is ranked 37th in the world. CUHK Business School has the largest number of business alumni (32,000+) in Hong Kong -- many of whom are key business leaders. The School currently has about 4,400 undergraduate and postgraduate students and Professor Kalok Chan is the Dean of CUHK Business School. More information is available at: www.bschool.cuhk.edu.hk or by connecting with CUHK Business School on Facebook: www.facebook.com/cuhkbschool and LinkedIn: www.linkedin.com/company/cuhk-business-school. About HKBU School of Business Since 1956, HKBU School of Business has provided innovative business education to students from across the globe. We seek to inspire good business practice, create value for stakeholders, and enhance social and economic growth and development through our research on corporate sustainability issues, encompassing the areas of business ethics, corporate social responsibility and corporate governance. About Faculty of Business and Economics, The University of Hong Kong The Faculty of Business and Economics at The University of Hong Kong strives to nurture first-class business leaders and foster academic and relevant research to serve the needs of Hong Kong, China and the rest of the world in the new Asia-led economy. As Asia's premier international business school, FBE engages leading scholars from all corners of the globe and they instil in the students global knowledge with an Asian perspective. The Faculty attracts top students from Hong Kong and beyond. It admits the highest proportion of non-local undergraduate students amongst all Faculties at HKU. Three of its undergraduate programmes are ranked among the University's top 10 programmes. The Faculty's full-time MBA programme has a strong Asia and China focus, and the programme has been ranked Asia's no. 1 in the World MBA Rankings released by the Economist Intelligence Unit (EIU) for seven consecutive years from 2010 to 2016. Students can opt for an overseas exchange opportunity to supplement their campus learning in Hong Kong: a London track at London Business School, a New York track at Columbia Business School or a Hong Kong/China track at Fudan University. The Faculty also offers an elite EMBA Global Asia programme, jointly with CBS and LBS, for globally-focused senior executives and professionals. Its International MBA Programme, delivered in Shanghai in collaboration with Fudan University, was the first of its kind when it was launched in 1998. FBE is fully accredited by the European Quality Improvement Systems (EQUIS). Its accounting and business programmes are also accredited by the Association to Advance Collegiate Schools of Business (AACSB). About the Shenzhen Academy of Social Science Established in July 1992, the Shenzhen Academy of Social Science (SZASS) is a subordinate unit of the Shenzhen Municipal People's Government. SZASS is a research institute of philosophy and social science, consisting of five research units: economy, social development, culture, political science and law, and international urban studies. More information is available at: www.szass.com.
News Article | November 18, 2016
RENTON, Wash., Nov. 18, 2016 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (“Company”) (NASDAQ:FFNW), the holding company for First Financial Northwest Bank (“Bank”), announced today that Mr. Richard M. Riccobono has been appointed to the Boards of Directors of the Company and the Bank. In addition, Mr. Riccobono has also been appointed to the Board of Directors of the Company’s non-financial institution subsidiary, First Financial Diversified Corporation (“FFD”). The Company’s Nominating and Corporate Governance Committee proposed, and the Board of Directors ratified and approved, the appointment of Mr. Riccobono to the Board of Directors. The appointment of Mr. Riccobono to the Company’s Board of Directors is effective November 17, 2016. “We are pleased to welcome Mr. Riccobono to our Boards of Directors,” said Joseph W. Kiley III, President and Chief Executive Officer. “His expansive banking and regulatory background combined with his legal and accounting experience will be a great asset to the Company, the Bank, and FFD.” Mr. Riccobono has over 31 years of experience in the financial services industry and will bring a solid understanding of banking, regulatory, legislative, accounting, and legal expertise to the Board to support his contributions as a director. Formerly President and Chief Executive Officer of the Federal Home Loan Bank of Seattle and the Deputy Director of the Office of Thrift Supervision, U.S. Department of the Treasury, he most recently served as the Director of Banks for the Washington State Department of Financial Institutions. As the Director of Banks, Mr. Riccobono served under the current and former Governor of the State of Washington taking responsibility for the regulation of all Washington state-chartered banks and trust companies at the height of the financial crisis. Mr. Riccobono began his career in public accounting with Touche, Ross and Company (now Deloitte Touche Tohmatsu Limited). He currently serves as a director of the Pacific Coast Banking School and previously served on the boards of the Pentegra Defined Benefit Plan for Financial Institutions, White Plains, New York, and the Albers School of Business and Economics at Seattle University, Seattle, Washington. Mr. Riccobono holds a Juris Doctorate degree from the Western New England School of Law in Springfield, Massachusetts, and a Bachelor’s of Science degree from the State University of New York at Albany. He is a member of the Georgia Bar Association, Texas Bar Association and is a Certified Public Accountant. About the Company and the Bank First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; a Washington State chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through its four full-service banking offices. We are a part of the ABA NASDAQ Community Bank Index and the Russell 3000 Index. For additional information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page. This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Such forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.
News Article | December 7, 2016
Vivendi (Paris:VIV) today announces the appointment of Caroline Le Masne de Chermont as Head of Legal Affairs for the Vivendi Group. Caroline Le Masne de Chermont reports to Frédéric Crépin, the Group’s General Counsel. A graduate of the Paris Institut d’Etudes Politiques and of the Panthéon Sorbonne University Paris I (Master in Business and Economics Law), Caroline Le Masne de Chermont is a trained lawyer. After having worked for five years at the law firm of Cleary Gottlieb Steen & Hamilton in Paris, she joined Vivendi’s Legal Department in 2007 where she held the position of Vice President, Corporate Law and M&A. In this position she worked on many significant transactions for the Group, including the creation of Activision Blizzard and the subsequent sale of Vivendi’s interest therein, the sale of SFR, the acquisition and then sale of the Brazilian telecoms operator GVT, and, more recently, the acquisition of an interest in Telecom Italia and the public take-over bid on Gameloft. About Vivendi Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. The main subsidiaries of Vivendi comprise Canal+ Group and Universal Music Group. Canal+ is the leading pay-TV operator in France, and also serves markets in Africa, Poland and Vietnam. Canal+ operations include Studiocanal, a leading European player in production, sales and distribution of film and TV series. Universal Music Group is the world leader in recorded music, music publishing and merchandising, with more than 50 labels covering all genres. A separate division, Vivendi Village, brings together Vivendi Ticketing (ticketing in the UK, the U.S, and France), MyBestPro (experts counseling), Watchever (subscription video-on-demand), Radionomy (digital radio), Olympia Production, the L’Olympia and the Théâtre de L‘Oeuvre venues in Paris and the CanalOlympia venues in Africa. With 3.5 billion videos viewed each month, Dailymotion is one of the biggest video content aggregation and distribution platforms in the world. Gameloft is a worldwide leading video games on mobile, with 2 million games downloaded per day. www.vivendi.com, www.cultureswithvivendi.com
News Article | February 21, 2017
Junior Achievement of New York (JA New York) announced today that two new members were elected to its Board of Directors. JA New York officially welcomed Phil Evans, Managing Director, BlackRock and Kurtis Kurimsky, Corporate Controller, BNY Mellon. Since 1929, JA New York has worked to provide K-12 students from New York City, Long Island and the Lower Hudson Valley with the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. As Managing Director at BlackRock, Phil Evans is a member of the BlackRock Business Operations senior leadership team, serving as head of the Global Provider Strategy (GPS) group. GPS is responsible for developing and executing the firm’s post-trade (custody/fund administration/transfer agency) strategies. The group manages the firm’s key outsourcing partnerships in the space, including negotiations of all commercial arrangements. Prior to joining BlackRock in 2010, Mr. Evans spent sixteen years at BNY Mellon. From 2001 to 2010 he was Managing Director within the Investment Management and Insurance Group (IMIG), responsible for many of the Bank’s largest asset manager relationships. From 1994 to 2001 he served as Country Manager for Italy, Greece, Malta, and Italian-speaking Switzerland, based in Milan. He is fluent in Italian. From 1984 to 1994, Mr. Evans was a lender for Bank of America and CoreStates Financial, responsible for banking relationships with multi-national firms based in the UK and Italy, including their U.S. based subsidiaries. Mr. Evans holds a B.A. in Economics from The College of William and Mary in Virginia and an MBA from The Fuqua School of Business, Duke University. He serves as Vice President of the Board of Trustees of the New Jersey Youth Chorus. Kurtis Kurimsky is BNY Mellon’s Corporate Controller, responsible for SEC reporting, other areas of corporate financial accounting, reporting and control. He was appointed Controller in July 2015, following six months of service as Acting Controller. Mr. Kurimsky joined BNY Mellon in May 2014, to fill what was then the newly created role of Deputy Controller. In that role, he was responsible for external reporting, technical accounting activities and certain line of business accounting functions in the Americas. Mr. Kurimsky joined BNY Mellon from KPMG, where he was a Partner with 18 years of professional accounting experience, including service as lead partner on a number of international financial services clients. Mr. Kurimsky holds a BS in accounting and finance from Lehigh University’s College of Business and Economics, and he is also a CPA. “Our board continues to grow and diversify to reflect the wide range of sectors that will employ young people in the future,” said Joseph Peri, President of JA New York. He added, “We are excited to welcome Phil and Kurt to JA New York’s Board of Directors. Their energy, enthusiasm, and strategic expertise will help us to better position and strengthen our brand in a competitive educational marketplace.” ABOUT JUNIOR ACHIEVEMENT OF NEW YORK Junior Achievement of New York is the local affiliate of Junior Achievement USA, the nation’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. We recruit, train, and mobilize more than 6,200 corporate and community volunteers to provide relevant, hands-on experiences that give students knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JA New York delivers more than 80,000 student experiences per year to more than 260 NYC, Long Island and Lower Hudson Valley schools. Visit www.jany.org for more information.
News Article | February 24, 2017
James Fischer has been named director of the Lehigh University Small Business Development Center (SBDC). With over 35 years of experience in real estate and general business law, he brings diverse global experience in assets, leasing and transaction management to his new position. “We welcome Mr. Fischer to the statewide network of Pennsylvania SBDCs, and we look forward to having him as part of our leadership team,” said Pennsylvania SBDC State Director Christian Conroy. “SBDCs are strong supporters of business growth and development and we are proud to have an experienced professional such as Mr. Fischer join our program,” he added. Echoing his sentiments, Dean Georgette Phillips of the College of Business and Economics at Lehigh University, where the SBDC resides, stated “I am thrilled to have Jim Fischer at the SBDC.” In his new role, Fischer will be responsible for delivering SBDC programs and services to small business owners and aspiring entrepreneurs in the Center’s service area of Bucks, Lehigh, Montgomery and Northampton counties. In addition to providing direct business development support and managing a staff of six development professionals, he will also serve as an advocate for business development, expansion and retention in the region. Before joining Lehigh University SBDC, Fischer was a senior fellow and general counsel for the Social Enterprise Institute at Elizabethtown College. As a research and development technical advisor at Elizabethtown, Fischer’s background in social impact investments and business advisory services helped develop and foster the growth of community projects and social enterprises. Prior to Fischer becoming a Juris Doctor from New York University, he earned his Bachelor of Arts in Anthropology from State University of New York at Buffalo followed by a Master of Arts in Anthropology from Cornell University. About Pennsylvania Small Business Development Centers (SBDC) The Pennsylvania SBDC network is the only statewide, nationally accredited program that provides high quality one-on-one consulting, training and information resources to empower new and existing businesses. SBDC consultants work with entrepreneurs in confidential, individualized sessions to help them with a range of business issues including testing a new business proposition, shaping a business plan, investigating funding opportunities, and much more. The SBDC program is a public/private partnership with the U.S. Small Business Administration, the Pennsylvania Department of Community and Economic Development and 18 universities and colleges across the Commonwealth. For more information on the Pennsylvania SBDC services and impact, please visit http://www.pasbdc.org.
News Article | December 15, 2016
Have you ever felt frustrated with your romantic partner, but nervous about bringing it up? Researchers have discovered one safe way people in this situation vent their frustration: by buying something for themselves that is the opposite brand their partner would choose. The investigators found that this strategy was used consistently by partners who were lower in relationship power. Imagine, for example, that you wake up to get ready for work and find dirty dishes in the sink--again. People higher in relationship power would ask their partners to do the dishes, but someone lower in power is less likely to express this because he or she is worried about harming the relationship, says lead author Danielle Brick, an assistant professor of marketing in the Peter T. Paul College of Business and Economics at the University of New Hampshire. Later that day, this partner may head to the vending machine at work to grab a soda. Normally he or she chooses Diet Coke, but today he or she picks Diet Pepsi because the partner likes Diet Coke. "By unconsciously choosing the opposite brand their partner prefers, people might feel better without realizing it," Brick says. "We found that consumers are using brand choice as a form of behavior to deal with conflict in relationships." The researchers found this pattern in three different experiments. In one of the studies, participants filled out a survey that measured their relationship power. Then they answered questions about their partners' preferred brand choices in six categories, including coffee, toothpaste and shoes. Then participants were told that they would complete a visual acuity task related to letters, but in reality they were subconsciously seeing their partners' names and words that evoked either frustration, sadness or neutral emotions. Finally, the participants were asked to choose what brands they preferred in the same six categories. The researchers found that the partners who were low in relationship power and had been primed to feel frustrated were more likely to choose brands opposite to what partners preferred, otherwise known as "oppositional brand choices." People who were low in relationship power and primed with feeling sadness, however, were more likely to pick the same brand their partner preferred. "When people are sad, they tend to be more passive because they are ruminating, so they are not feeling actively oppositional toward their partners." For partners who are feeling frustrated with their significant others, initial evidence from the study suggests that oppositional brand choices may be even more effective than venting or doing nothing in the face of relational conflict. The findings also have implications for marketing, Brick says. "Marketers assume consumers are making conscious, deliberate choices, but actually there are other factors, sometimes even outside of their conscious awareness that are influencing their decisions," she says. This study will appear in the April issue of the Journal of Consumer Psychology For more information, see: http://www.
News Article | February 17, 2017
Rubicon Global CEO urges State Senate to pass House Bill 35 ‘I want Kentucky to lead the way’ LEXINGTON, Ky., Feb. 17, 2017 (GLOBE NEWSWIRE) -- Kentucky entrepreneur Nate Morris, the founder, chairman and CEO of Rubicon Global, today voiced support for legislation in the Kentucky General Assembly that would allow for the creation of public benefit corporations – companies that have an expanded purpose beyond maximizing share value to explicitly include general and specific public benefit. House Bill 35, sponsored by Rep. Jerry Miller (R-Louisville), passed the Kentucky House of Representatives by a vote of 78-17 on Feb. 14. The legislation is now being considered by the Senate. “This is exactly the kind positive action Kentucky should take to make the Commonwealth more competitive for business and attractive for investment so we can create new jobs,” said Morris. “There is a younger generation that is demanding through the free market that businesses do good in the world. I want Kentucky to lead the way.” “I applaud my friend, Rep. Jerry Miller, and members of both parties for taking action and I urge the Senate to pass House Bill 35,” said Morris. Morris founded Rubicon in Louisville in 2008. The company is headquartered in Atlanta and has offices in Lexington, New York and San Francisco. Rubicon, which employs more than 300, was recently named a Next Billion-Dollar Startup by Forbes and one of the World’s Most Innovative Companies by Fast Company. Investors in Rubicon include Kentucky business leaders Brad Kelley, C.M. “Bill” Gatton, Chris Sullivan and Sandra Frazier. Morris has been a vocal advocate for benefit corporations. In 2013, Morris worked with the leadership of companies including Warby Parker and Prudential Financial to pass a similar law in Delaware recognizing public benefit corporations. Rubicon is a certified B Corporation, a private certification issued to for-profit companies by B Lab, a global non-profit organization. B Lab itself advocates for public benefit corporations. Morris lives in Lexington. In 2016, he was named the first Entrepreneur-in-Residence at the University of Kentucky Gatton College of Business and Economics. Morris gives guest lectures at the college, serves as a mentor for the UK Venture Studio and for UK teams in business plan competitions, and spends several days per year at the college engaging with students, faculty and community members. He has developed a social enterprise curriculum at the Gatton College. About Rubicon Global Rubicon Global is the worldwide leader in sustainable, cloud-based waste and recycling solutions. Using its proprietary technology-enabled platform, the company provides comprehensive waste stream solutions that enable companies to reduce operating expenses and implement recycling programs. Rubicon’s goal is to create a more sustainable solution for businesses and the planet. Learn more at www.rubiconglobal.com.
News Article | November 15, 2016
Google announced it would add a new office building to a complex currently under development behind London's King's Cross train station, which the tech firm said would be its first wholly owned and designed building outside the US. "Here in the UK, it's clear to me that computer science has a great future with the talent, educational institutions, and passion for innovation we see all around us," Google CEO Sundar Pichai said in a statement. "We are committed to the UK and excited to continue our investment in our new King's Cross campus." An estimated 3,000 jobs will be created by the move, a source close to the matter told AFP. The ten-storey building adds to Google's previously-announced plans in the British capital, with 2,500 Google employees already working in one office and more due to move into a building set to open in 2018. In total 7,000 Google staff will eventually be working at the King's Cross hub, with no date given for the opening of the newly-announced third office. Google's announcement was welcomed by Britain's finance minister, Philip Hammond, who said it signalled a "big vote of confidence" in the UK as a global tech hub. "Our technology industry is central to securing future economic growth and this government is committed to ensuring it continues to thrive. "It's further proof that Britain is open for business and that we continue to be an outward looking, world-leading nation," Hammond said in a statement. The deepening commitment to London by Google comes as the government tries to reassure the business world in the wake of Britain's decision to leave the European Union. The shock outcome of the June 23 referendum sent the pound plummeting and has led to economic uncertainty not seen for decades. Brexit has raised fears that firms will be unwilling to invest in Britain if the country loses access to the European single market or if companies struggle to hire foreign talent. A study released on Monday said British businesses have cancelled or postponed investments worth more than £65 billion ($82 billion, 75 billion euros). The estimate was based on research from the Centre for Business and Economics Research (CEBR) think tank, Hitachi Capital and online pollsters YouGov, which recently quizzed 1,015 company bosses about investment decisions since the referendum. Prime Minister Theresa May has promised to get the best deal for business while at the same time restricting immigration, despite European leaders saying freedom of movement goes hand in hand with access to the single market. May aims to launch formal exit negotiations with Brussels by the end of March, a process which is expected to take two years. Explore further: In Brexit, London startups see risk—and some opportunities