Deckers counters activist investor in letter to shareholders
Deckers Brands’ board of directors released a letter to shareholders, highlighting improvements to its costs, sales and stock performance and urging shareholders to vote for its nominees over those of activist investor Marcato Capital Management. In the Nov. 2 letter, the Goleta-based footwear and apparel company said it had made headway toward its $100 million Read More →
Read More →Yardi acquires coworking platform Wun Systems
Goleta real estate management company Yardi Systems announced that it has acquired Wun Systems, a coworking and workspace management platform based in Los Angeles. Wun provides software, hardware and support services for more than 80,000 members, the two companies said in a news release Nov. 1. Its management, engineering and programming team will operate out Read More →
Read More →Net income rises at Community West Bank
Community West Bancshares, parent company of Goleta-based Community West Bank, reported a net income of $1.6 million, or 18 cents per diluted share, for the quarter ended Sept 30 — an increase of 4.9 percent from $1.5 million in the third quarter of 2016. The bank’s net interest margin for Q3 2017 was 4.27 percent. Read More →
Read More →Flir Systems reports third quarter increase in net earnings
Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →
Read More →Lockheed Martin sales up but net income drops
Lockheed Martin, an aerospace and defense contractor with operations in San Luis Obispo, Santa Maria and Goleta, reported a 5 percent increase in net sales but a steep drop in net income for the quarter ended Sept. 24. Sales rose to nearly $12.2 billion, primarily from the aeronautics and space systems segments, but net earnings Read More →
Read More →Investor sues Deckers over board member slate, annual meeting
Deckers Brands investor Marcato Capital Management has filed a lawsuit against the company to get a new slate of board members approved and ensure that its annual shareholder meeting will take place as planned on Dec. 14. Marcato purchased around 6 percent of the Goleta Ugg boot-maker’s stock in February and now owns around 8.4 Read More →
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Workforce Homebuyer Program offers loans to employees
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