Tuesday, 28 April 2015
Last updated 23 min ago
Jul 5 2007 | 1:26pm ET
Hounded by a Massachusetts hedge fund, Pomeroy IT Solutions said today that it has sacked president, CEO and namesake Stephen Pomeroy.
The firing came after a review by an independent counsel, and was attributed to “certain conduct and actions” by Pomeroy, according to a statement from the company, that did not involved financial impropriety or any illegality.
In April, Cambridge, Mass.-based Flagg Street Capital, which owns about 10% of Pomeroy IT, launched a proxy battle to oust Pomeroy and his father, David, who serves as chairman of the Hebron, Ky.-based computer hardware and consulting business.
“Under Stephen Pomeroy’s watch as CEO, the company performed miserably at a time when the rest of the IT industry thrived, restated its financial statements more than once due to accounting errors, and consistently missed guidance,” Flagg Street charged in an April Securities and Exchange Commission filing.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…