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ESND has traded about 2.7 million dollars worth of stock in the first two hours. Still a decent amount of stock so the interest in accumulating is still there.
Where are you seeing these slots from?
Maybe, or it will make a firm bottom. If falls, I will buy more.
See the volume in slots of 30 mins, its nothing compared with the last two days.
The firm earned $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s quarterly revenue was up .9% on a year-over-year basis.
Essendant Elects Dennis J. Martin To Its Board Of Directors
Essendant Inc. (NASDAQ:ESND), a leading wholesale distributor of business products, announced today that Dennis J. Martin joined its board of directors on July 13, 2016 and will serve on the audit and human resources committees. His election to the board brings the total number of members to ten, nine of whom are independent directors.
http://photos.prnewswire.com/prnvar/20150218/176318LOGO
Mr. Martin (66) has been the executive chairman of Federal Signal Corp. since January 1, 2016. He has served on the board of Federal Signal since 2008. He serves on Federal Signal's compensation, nominating and governance, and audit committees. Mr. Martin served as chief executive officer and president of Federal Signal from October 30, 2010 until December 31, 2015. He served as the chairman and chief executive officer and President of General Binding Corporation from 2001 to 2005.
Mr. Martin served on the board of directors of HNI Corporation, an office furniture business, from August 2000 through May 2016. He served as the chair of HNI's compensation and human resources committee and as a member of HNI's audit and governance committees.
Mr. Martin holds bachelor and honorary doctorate degrees from the University of New Haven.
"We are extremely pleased to have an individual as well qualified as Dennis on our board," said Charles K. Crovitz, chairman of Essendant's board of directors. "His extensive experience as a CEO and board member of public companies in similar industries, as well as his deep expertise in simplification strategies, make Dennis a strong addition to our board."
Should rock and roll pretty good this week. Back to where it was before all the BS and scared hands.
WOW... about $17.3 million in trades today. Not bad for a Friday. Me thinks folks are realizing what they sold was stupid and buying back in lol....
thinking 22's at least. Yep, this was diffidently an orchestrated fall since the news was that bad for it to fall so far. I thank who ever made it happen because I grabbed a few good ones lol...
Yes, thanks.
Maybe today we will get the 22s, is the next resistance. Some guys buyed a lot of stocks at that price if you see the yesterday's intraday volume.
Meanwhile 21 and up!!! =)
Nice pile you have... when it hit back to the 30's you'll do well. Plus they pay out dividends.
Nope,
This day I have just buyed 1000 more at 20.16 average. Hopefully, some institutional funds will buy this bargain soon or they're begining rigth now.
Was that you Towerinvestor that grabbed 13,000 shares?
WOW ... 13000 share buy worth about $270,000.... thinking this is the turning point.
Pres.. still laughing about your dip in the lake story... ESND is green again.... moving up. These were the cheap of the cheaps and thinking they are gone.
Yep... in the meanwhile I'll be playing golf if it ever cools down a little lol...
Exactly linkvest!
You get the point! I think that we need to wait until the next quarter to see the improvement in the adjusted net income. The expectatives are low, so if they improve a little, this stock will recover the 30's quickly.
Meanwhile, I will enjoy the trip.
436,044 shares traded today so far... that's a value of about $5,500,000...... Nice for a Friday
Just a couple months ago the target PPS was $40. So they had a bad quarter but still higher sales than a year ago. Next quarter will probably blow the predictions away and run up quickly again if not sooner. Actually I think this is being played down to get the cheapies knowing that once folks realize this down turn was just a temporary fall it will rise up faster.
You're right!
But if that does not happen in a week and the stock falls, I will buy more hehehe!
Right now, the price/book is 1.0!!!
Welcome aboard Towerinvestor.. Yep, just grab some of these cheapies, put them on a shelf and go golfing for a week to see a 30% return. Great time to buy here.
What a prime opportunity here to grab some of this Billion Dollar revenue producing company at $12 per share discount... Bounce back to $32 is eminent very soon.
Why Essendant Inc. Stock Plummeted Today (7-21-2016)
The workplace products specialist lowered its guidance after a tough quarter.
Image source: Essendant Inc.
What: Shares of Essendant Inc. (NASDAQ:ESND) dropped 36.6% Thursday after the workplace products distributor announced weaker-than-expected second-quarter 2016 results.
So what: Quarterly revenue climbed 0.9% year over year, to $1.35 billion, while adjusted net income fell 34.2%, to $20.3 million. Adjusted earnings per diluted share declined 32% year over year, to $0.55. Analysts, on average, were looking for adjusted earnings of $0.84 per share on revenue of $1.36 billion.
During the subsequent conference call, Essendant CEO Bob Aiken blamed "significant headwinds to gross margin in our office products and JanSan businesses." Aiken elaborated those headwinds were primarily the result of "general market pressures, a shift in mix to larger and lower-margin customers, and a shift in mix to lower-margin categories such as paper and ink and toner."
Now what: Consequently, Essendant also reduced its guidance for the full year, calling for revenue to increase 1% to 2% (compared to 1% to 5% previously) to a range of $5.4 billion to $5.475 billion, which should result in adjusted earnings per share in the range of $2.15 to $2.30 (compared to $3.20 to $3.40 previously).
To be fair, Aiken promised the company would accelerate its previously outlined business strategies while working to improve margins and reduce costs. But in the meantime, given its underwhelming performance and enormous guidance reduction, it's no surprise to see investors so aggressively bidding shares of Essendant down today.
Hi to the few ESND followers,
I buyed some shares yesterday. I think we need to be patient with this stock. At least, the volume is not as high like yesterday.
Common stock, $0.10 par value,
Authorized - 100,000,000 shares,
OS - 74,435,628 shares in 2016 and 2015
No diluting at all for over a year. Not one share...
The firm earned $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s quarterly revenue was up .9% on a year-over-year basis.
NEWS.... 6 hours ago:
Essendant Inc. (NASDAQ:ESND) issued its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.28. The firm earned $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. Essendant updated its FY16 guidance to $2.15-2.30 EPS.
Essendant (NASDAQ:ESND) opened at 20.61 on Friday. Essendant has a 52-week low of $19.79 and a 52-week high of $37.24. The stock’s market cap is $765.72 million. The company has a 50-day moving average price of $30.92 and a 200 day moving average price of $30.47.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.56 annualized dividend and a yield of 2.72%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Essendant from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. KeyCorp upgraded Essendant from a “sector weight” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Friday, April 1st.
In other Essendant news, COO Timothy P. Connolly sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $31.62, for a total value of $158,100.00. Following the completion of the transaction, the chief operating officer now owns 43,207 shares in the company, valued at $1,366,205.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Essendant Inc, formerly United Stationers Inc, is a wholesale distributor of workplace essentials. The Company stocks an assortment of over 160,000 products in categories, including technology products, traditional office products, office furniture, janitorial and breakroom supplies, industrial supplies, and automotive aftermarket tools and equipment
I am thinking the light bulb just lit up and folks are realizing this one is worth getting into at these prices.
C'mon ESND.
LOL... Should have grabbed some of these too. Oh well. I happy with what I got and with a bounce 0f $8 to $12 within a few day, I'm real happy.
Wow where is the bottom ?
HUGE NEWS:
DEERFIELD, Ill. (AP) _ Essendant Inc. (ESND) on Wednesday reported second-quarter net income of $12.9 million.
The Deerfield, Illinois-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring costs, came to 55 cents per share.
The workplace supplies distributor posted revenue of $1.35 billion in the period.
Essendant expects full-year earnings in the range of $2.15 to $2.30 per share, with revenue in the range of $5.4 billion to $5.48 billion.
Essendant shares have dropped slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.49, a fall of 16 percent in the last 12 months.
Share Structure:
Market Value1 $1,211,440,757 a/o Jul 20, 2016
Outstanding Shares 37,286,573 a/o Feb 12, 2016
And it's only been 1.2 million shares traded. Possible a few investors that don't want to wait for the bounce.
I firmly believe what you see is sales being taken in short positions from this AM when trading started. At some point this afternoon the shorts will start to cover and when they start slapping the ask this is going to have a nice EOD. All IMO of course but either way I am not in any hurry.
See the gap at the open. Gaps fill. May take a couple days but gaps fill. This gap is $5.50 to the good side of Green
Volume 58516
Time: 12:30:47
LastPrice: 22.09
Orders: 18602
Change: -10.4
Open: 25.99
PrevClosed: 32.49 [color=red][/color]
Spot on Pres... Thanks for your insight on this one. I'm just going to keep buying the dips because a quality stock like this at this price is a no brainer especially when there is going to be a $10 bounce coming....
Don't you just love when a company reports a loss and shareholders lose their minds and dump the stock at ridiculous prices.
I am a trader not an investor so this one is right in the wheel house.
Hop onboard for the 7 day trip into greener pastures.
Love these plays.
Possibly but I thinking it is a Thursday which is normally slow anyway. I expect this to be back at the 30's easily. The drop is from ESND not hitting their projected but still the sales are higher than last year. LOL...this is a no brainer here.
Yes I like the stock and the div. and I like that the Ins.own 90 % of the stock and the extra bounce on the stock is that it is way Oversold .
$1,354,523 in sales for the first three months. Up from prior year.
Nahhhh.. It already bottomed out at 21.18.... The bounce is working itself back in now...
Yes the bounce will come but not today selling pressure continues.GLTY
Conference call: http://investors.essendant.com/QuarterlyResults
CEO states: Revenue growth trajectory on track
–New account wins fully ramped by May—expected to deliver in excess of $100M revenue annually
Last Quarterly report... very impressive:
http://investors.essendant.com/Cache/1500083985.PDF?O=PDF&T=&Y=&D=&FID=1500083985&iid=4425523
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Primary IR Contacts: Kaveh Bakhtiari Director, Investor Relations Phone: (847) 627-2900 investorrelations@essendant.com Emma Gutheim Essendant IR Coordinator 1 Parkway N. Blvd, Suite 100 Deerfield, IL 60015 Phone: (847) 627-2084 investorrelations@essendant.com | Transfer Agent: Wells Fargo Shareowner Services 1110 Centre Pointe Curve Suite 101 Mendota Heights, MN 55120-4100 Phone: (800) 468-9716 Website: Click Here | Accountants: Ernst & Young 233 S. Wacker Drive Chicago, IL 60606 Phone: (312) 879-2000 |
Name | Age | Since | Current Position |
---|---|---|---|
Charles Crovitz | 61 | 2011 | Non-Executive Independent Chairman of the Board |
Robert Aiken | 53 | 2015 | President, Chief Executive Officer, Director |
Timothy Connolly | 52 | 2015 | President, Chief Operating Officer |
Earl Shanks | 59 | 2015 | Chief Financial Officer, Senior Vice President |
Richard Phillips | 45 | 2013 | President - Online and New Channels |
Carole Tomko | 61 | 2014 | Chief Human Resource Officer, Senior Vice President |
Janet Zelenka | 57 | 2015 | Senior Vice President, Chief Information Officer |
Eric Blanchard | 59 | 2006 | Senior Vice President, General Counsel, Secretary |
Girisha Chandraraj | 40 | 2015 | Senior Vice President Marketing and Chief Digital |
Paul Williams | 56 | 2014 | Director |
Jean Blackwell | 61 | 2007 | Independent Director |
Roy Haley | 68 | 1998 | Independent Director |
Dennis Martin | 66 | 2016 | Independent Director |
Susan Riley | 52 | 2012 | Independent Director |
Alexander Schmelkin | 38 | 2012 | Independent Director |
Stuart Taylor | 55 | 2011 | Independent Director |
Alex Zoghlin | 45 | 2008 | Independent Director |
Emma Gutheim | IR Officer |
Name | Description |
---|---|
Charles Crovitz | Mr. Charles K. Crovitz is Non-Executive Independent Chairman of the Board of United Stationers Inc. Mr. Crovitz serves as Chair of the Executive Committee and as a member of the Technology Advisory and Governance Committees. In September 2007, Mr. Crovitz was appointed as the Interim Chief Executive Officer of The Children’s Place Retail Stores, Inc., a children’s clothing and accessories retailer, which position he held until his retirement in January 2010. Prior to this appointment, Mr. Crovitz was a member of the executive leadership team of Gap Inc. from 1993 until 2003, most recently serving as Executive Vice President and Chief Supply Chain Officer. During his ten-year career with Gap, Mr. Crovitz was also Executive Vice President, Supply Chain and Technology and Senior Vice President, Strategy and Business Development. Prior to that, he held various positions with Safeway Inc., including serving as a member of the operating committee, Senior Vice President and Chief Information Officer, and Vice President, Director of Marketing for Safeway Manufacturing Group. Mr. Crovitz also spent several years with McKinsey & Company, Inc. where he was an Engagement Manager, leading client service teams in retail, forest products, steel and personal computer industries. He has over the past five years served as a board member for The Children’s Place Retail Stores, Inc. Mr. Crovitz’ responsibility for information technology during his tenure at Gap and Safeway and his experience in supply chain management are particularly relevant to the strategic direction of the Company. His extensive operating experience allows him to make significant contributions to the Company’s continuing efforts to pursue growth strategies, increase productivity and reduce its cost structure making him an effective Chairman of the Board. Mr. Crovitz also holds an MBA and a law degree from Stanford University. |
Robert Aiken | Mr. Robert Blaine Aiken, Jr., is President, Chief Executive Officer, Director of the Company. Mr. Aiken serves as a member of the Executive Committees. He previously served on the Company’s Board of Directors from December 2010 to May 2014, at which time he stepped down from the Board due to the demands of his position as the Chief Executive Officer of Feeding America, the nation’s leading hunger relief organization. Mr. Aiken was appointed CEO of Feeding America in November 2012. Prior to this role, Mr. Aiken was the CEO of the food company portfolio at Bolder Capital, a private equity firm. Mr. Aiken previously served as Managing Director of Capwell Partners LLC, a private-equity firm focused on companies offering health and wellness products and services. Mr. Aiken was in the private-equity business from February 2010 until his appointment at Feeding America. Prior to that time, Mr. Aiken was the President and Chief Executive Officer of U.S. Foodservice, one of the country’s premier foodservice distributors. Mr. Aiken joined U.S. Foodservice in 2004 and held several senior executive positions including President and Chief Operating Officer and Executive Vice President of Strategy and Governance before being named Chief Executive Officer in 2007. From 2000 until 2004, Mr. Aiken also served as President and Principal of Milwaukee Sign Co., a privately-held manufacturing firm. From 1994 to 2000, Mr. Aiken was an executive with Specialty Foods Corporation, where he held several positions, including President and Chief Executive Officer of Metz Baking Company. Early in Mr. Aiken’s career, he worked as a business lawyer. Since February 2010, Mr. Aiken has served as a director of Red Robin Gourmet Burgers. Mr. Aiken brings to the Board of Directors and to the Executive Committee his experience as a chief executive officer of both public and private corporations with significant operations and a large, labor-intensive workforce. He has a broad background in foodservice distribution, |
Timothy Connolly | Mr. Timothy P. Connolly President, Chief Operating Officer of the Company. Mr. Connolly served as President, Business Transformation and Supply Chain since 2013, President, Operations and Logistics Services from 2011 to 2013 and Senior Vice President, Operations from 2006 until 2011. In 2006, Mr. Connolly was Vice President, Field Operations Support and Facility Engineering. He joined the Company in 2003 as Region Vice President Operations, Midwest. He also served as the President of the Essendant Charitable Foundation. Before joining the Company, Mr. Connolly was the Regional Vice President, Midwest Region for Cardinal Health where he directed operations, sales, human resources, finance, and customer service for one of Cardinal’s largest pharmaceutical distribution centers. |
Earl Shanks | Mr. Earl C. Shanks is Chief Financial Officer, Senior Vice President of the Company. Mr. Shanks currently serves as a director of Verint, a global leader in Actionable Intelligence solutions, and has previously served as the chief financial officer at Convergys Corporation, a global leader in relationship management solutions and a major provider of outsourced business services, from 2003 to 2012. Prior to that, Mr. Shanks held various financial leadership roles with NCR Corporation, including serving as the chief financial officer from 2001 to 2003 where he oversaw treasury, finance, real estate, tax, and six business unit finance teams. In addition, Mr. Shanks previously served as the vice president and treasurer of Farley Industries and Fruit of the Loom Inc. Mr. Phillips has been with Essendant since 2013, as President of Online and New Channels. Over the last 2 years, he led the $500+ million dollar New Channels business to profitable growth. He also successfully led Essendant’s relationships with major e-tail and other large resellers, and in addition was responsible for the advancement of the company’s online capabilities. Prior to joining Essendant, he spent over a decade at McKinsey & Company in various consulting roles. He was elected partner at McKinsey in 2005. Previously, Mr. Phillips worked for Baxter Healthcare, where he held several roles, including serving as a Manager of National Accounts. |
Richard Phillips | Mr. Richard D. Phillips is President - Online and New Channels of United Stationers Inc. Prior to this position he served as President, Online and New Channels. Prior to joining the Company in 2013, Mr. Phillips spent 14 years at McKinsey & Company, where he was elected Partner in 2005. Prior to joining McKinsey, he spent six years at Baxter Healthcare in finance and sales. |
Carole Tomko | Ms. Carole W. Tomko is Senior Vice President, Chief Human Resources of the Company. Ms. Tomko was a partner in an executive search and human resources consulting firm. Prior to launching her consulting practice, Ms. Tomko held the role of Senior Vice President, Human Resources for Cardinal Health where she led the function for nine years. Additionally Ms. Tomko has held Human Resources leadership positions for The Chemlawn Corporation, The Standard Register Company and Federated Department Stores. Ms. Tomko has also served in leadership positions on several non-profit boards over the last twenty years. |
Janet Zelenka | Ms. Janet Zelenka has been appointed as Senior Vice President, Chief Information Officer of the Company. She has held leadership positions in business integration, finance, and pricing. Before joining Essendant, Janet held a variety of executive positions at SBC/Ameritech (now AT&T) including CFO of the IT division and Vice President of IT, as well as leadership roles in several areas including customer care, operations, financial planning/analytics, activity-based management, and internal audit. Janet also serves as Treasurer of the Essendant Charitable Foundation and will become President in January of 2016. |
Eric Blanchard | Mr. Eric A. Blanchard is Senior Vice President, General Counsel, Secretary of the Company. He served as the Vice President, General Counsel and Secretary at Tennant Company. Previously Mr. Blanchard was with Dean Foods Company where he held the positions of Chief Operating Officer, Dairy Division in 2002, Vice President and President, Dairy Division from 1999 to 2002 and General Counsel and Secretary from 1988 to 1999. |
Girisha Chandraraj | Mr. Girisha Chandraraj is Senior Vice President Marketing and Chief Digital of the Company. He served as Head of Digital Commerce from 2013 to 2015. In addition, he has the responsibility for CPO Commerce, a wholly owned subsidiary of Essendant. Prior to joining Essendant, Mr. Chandraraj has held senior executive positions in Marketing and Digital for Digital for Blick Art Materials and Broder Bros Corporation. Mr. Chandraraj started his career as a Management Consultant. |
Paul Williams | Mr. Paul S. Williams is Director of the Company., effective October 27, 2014. Mr. Williams is a member of the Audit and Human Resources Committees. Mr. Williams has been a partner at Major, Lindsey & Africa, LLC, a legal executive search firm, since 2005. Prior to joining Major, Lindsey & Africa he served as Executive Vice President, Chief Legal Officer and Secretary of Cardinal Health, Inc. Mr. Williams currently serves on the boards of directors of Compass Minerals International, Inc. and Bob Evans Farms, Inc. and as presiding lead director of State Auto Financial Corporation. He is not seeking reelection to the State Auto board in May, 2015. Mr. Williams brings extensive experience and knowledge of the business operations of publicly traded companies having served on several public company boards and serving as a business executive. He also brings deep governance and M&A expertise. Mr. Williams holds a BA degree from Harvard University and a law degree from Yale University. |
Jean Blackwell | Ms. Jean S. Blackwell, Esq., is an Independent Director of the United Stationers Inc. since May 2007. Ms. Blackwell serves as Chair of the Governance Committee and a member of the Audit Committee. Ms. Blackwell served as the Chief Executive Officer of the Cummins Foundation and Executive Vice President, Corporate Responsibility of Cummins Inc., an engine manufacturer, from 2008 until her retirement in March 2013. From 2003 until May of 2008, Ms. Blackwell served as the Executive Vice President and Chief Financial Officer for Cummins. Ms. Blackwell also served as Vice President and General Counsel; Vice President, Human Resources; and Vice President, Cummins Business Services. Ms. Blackwell was appointed as Executive Vice President of Cummins in 2005. Ms. Blackwell holds a BA degree in economics from the College of William and Mary and a law degree (Cum Laude) from the University of Michigan. Ms. Blackwell is a member of the board of directors of Celanese, Inc., a specialty chemicals company, and serves on its audit and governance committees. She previously served as a director of The Phoenix Companies, a life insurance company. |
Roy Haley | Mr. Roy W. Haley is an Independent Director of United Stationers Inc since March 1998. Until his retirement in May 2011, Mr. Haley serves as Chair of the Audit Committee and a member of the Finance Committee and Executive Committees. Mr. Haley also serves as the Non-Executive Chairman of the board of directors of Bluelinx Corporation, a wholesale supplier of building materials. Until his retirement in May 2011, Mr. Haley served as the Executive Chairman of WESCO International, Inc. (“WESCO”), a wholesale supplier of electrical and other industrial supplies and services, and, until September 2009, was the Chief Executive Officer. Prior to joining WESCO in February 1994, he was President and Chief Operating Officer of American General Corporation, one of the nation’s largest consumer financial services organizations. In addition to his service as a director of WESCO, Mr. Haley served as a director of Cambrex Corporation, a supplier of pharmaceutical and life science industry products and services, for twelve years until his retirement in April 2010. Mr. Haley has acquired significant understanding and experience in financial matters of a publicly traded company, internal controls and the functions of an audit committee. Mr. Haley holds a Bachelor of Science in industrial management from Massachusetts Institute of Technology. |
Dennis Martin | Mr. Dennis J. Martin is Independent Director of the Company. Mr. Martin has been the executive chairman of Federal Signal Corp. since January 1, 2016. He has served on the board of Federal Signal since 2008. He serves on Federal Signal’s compensation, nominating and governance, and audit committees. Mr. Martin served as chief executive officer and president of Federal Signal from October 30, 2010 until December 31, 2015. He served as the chairman and chief executive officer and President of General Binding Corporation from 2001 to 2005. Mr. Martin served on the board of directors of HNI Corporation, an office furniture business, from August 2000 through May 2016. He served as the chair of HNI’s compensation and human resources committee and as a member of HNI’s audit and governance committees. Mr. Martin holds bachelor and honorary doctorate degrees from the University of New Haven. |
Susan Riley | Ms. Susan J. Riley has been Independent Director of United Stationers Inc since September 5, 2012. Ms. Riley is Chair of the Human Resources Committee and a member of the Audit Committee. Ms. Riley is the Chief Financial Officer of Vestis Retail LLC, a private equity-owned holding company for Bob’s Store, Eastern Mountain Sports, and Sport Chalet. She previously served as a financial consultant for several retail and other companies. From April 2006 through February 2011 Ms. Riley held several senior executive positions, including Executive Vice President, Finance and Administration, at The Children’s Place Retail Stores, Inc., a children’s clothing and accessories retailer. Ms. Riley’s extensive knowledge in financial matters and her experience as chief financial officer of several companies contribute to the financial expertise on our Board and the Audit Committee. Her experience from serving as a senior executive and board member of several companies, including as the chair of the human resources committee of another board, enables Ms. Riley to provide key insights to our Human Resources Committee and to the Board operations in general. Ms. Riley earned a bachelor’s degree in accounting from the Rochester Institute of Technology and an MBA from Pace University. |
Alexander Schmelkin | Mr. Alexander M. Schmelkin is Independent Director of United Stationers Inc. Mr. Schmelkin is a member of the Human Resources and Technology Advisory Committees. Mr. Schmelkin is Co- Founder, Chief Executive Officer and a member of the board of directors of Alexander Interactive, a web design and engineering firm, and has held these positions since 2002. Before founding Alexander Interactive, Mr. Schmelkin co-founded New York-based Davanita Design, which was later acquired by Avatar Technology, where he served as President and Chief Executive Officer of the New York division. Mr. Schmelkin brings to the Board and the Technology Advisory Committee extensive experience in technology and e-business, digital expertise and entrepreneurial insights as a CEO. Mr. Schmelkin earned a bachelor’s degree from Cornell University. |
Stuart Taylor | Mr. Stuart A. Taylor, II is Independent Director of United Stationers Inc., since December 2011. Mr. Taylor is Chair of the Finance Committee and a member of the Governance Committee. Mr. Taylor is Chief Executive Officer of The Taylor Group LLC, a private equity firm, and has been with The Taylor Group since 2002. Prior to founding The Taylor Group in 2002, Mr. Taylor was Senior Managing Director of Bear Stearns Companies Inc., a brokerage firm. Over a span of 19 years, Mr. Taylor served as Managing Director of CIBC World Markets (US), Managing Director, Automotive Industry Group, BT Alex Brown, Inc. of Bankers Trust Company and as Vice President, Corporate Finance Department of Morgan Stanley & Company, Inc. Mr. Taylor currently serves as a director of Ball Corporation and Hillenbrand, Inc. Mr. Taylor has demonstrated leadership as a CEO and is a seasoned investment banker. His extensive experience in finance, business development, strategic diversification and mergers and acquisitions allows him to make significant contributions to the company’s strategic initiatives and to the Finance and Governance Committees. Mr. Taylor holds an MBA in finance from Harvard Business School and an undergraduate degree from Yale University. |
Alex Zoghlin | Mr. Alex D. Zoghlin is an Independent Director of the United Stationers Inc. In March 2013, Mr. Zoghlin serves as Chair of the Technology Advisory Committee. In March 2013, Mr. Zoghlin was appointed as the Global Head of Technology for Hyatt Hotels Corporation, a global hospitality company. Prior to joining Hyatt, Mr. Zoghlin served as the Chief Executive Officer of VHT, Inc., a marketing services provider for the real estate industry, a position he held from 2009 to February 2013. He previously served on the Board from November of 2000 until May 2006. He resigned at that time to focus primarily on building G2 Switchworks, a Chicago-based travel/technology firm, where he was President and Chief Executive Officer until its change of ownership in 2008. He previously served as Chairman, President and Chief Executive Officer of neoVentures Inc., a venture capital investment company for emerging technology companies. Prior to that, he was Chief Technology Officer of Orbitz, LLC, a consumer-oriented travel industry portal backed by major airline companies. Mr. Zoghlin has a history of demonstrated leadership in enterprise technology and e-commerce. His experience in enterprise-wide programming, developing and implementing web-based solutions enables Mr. Zoghlin to offer key insights to our Technology Advisory Committee, which provides critical guidance on the Company’s portfolio of information technology assets and systems. Mr. Zoghlin also brings an entrepreneurial orientation to the Board’s deliberations. Mr. Zoghlin also serves as a director of State Farm Insurance Co., an insurance and financial services company. |
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